Glencoe, Illinois, a village located 20 miles north of Chicago along Lake Michigan, has been identified as the Midwest's most expensive place to live. Its 60022 ZIP Code reports a median listing price of $3.26 million, which is nearly $1 million higher than Kenilworth, Illinois, the next priciest Midwestern ZIP Code. This affluent suburb is part of the North Shore communities.
The 3.72 square mile village of Glencoe has a population of 8,612 residents and boasts a median household income of $212,132. The community is noted for its vibrant downtown area and an active beachfront on Lake Michigan. The real estate market in Glencoe has seen a significant boost in demand following the COVID-19 pandemic.
Other wealthy Chicago suburbs include Hinsdale, Lake Forest, and Wilmette, which were recognized in a MoneyLion analysis. Hinsdale, for example, had an average household income of $367,874 in 2024 and an average home value of $1.33 million in April 2026. Wilmette also showed strong financial foundations with an average home value of $1.07 million in April 2026. A recent sale in Wilmette topped the list of most expensive residential real estate sales in DuPage/Cook County, with a single-family home selling for $5.5 million.
