Chicago, the Windy City, is not just famous for its beautiful architecture and deep-dish pizza; it’s also home to some of the wealthiest neighbourhoods in the United States. These neighbourhoods have beautiful houses, top-notch amenities, and a luxurious lifestyle. Here we will be going through some of the richest neighbourhoods in Chicago. Let’s get started without further ado.
Table of contents
Gold Coast
Gold Coast is one of the wealthiest and most historic neighbourhoods in Chicago. It is located near the downtown area and is famous for its luxurious mansions and high-rise apartments. The streets are lined with trees and fancy restaurants and here you don’t need to go far to find cubs, boutiques, and beautiful parks.
Many famous people and business tycoons choose to live here because of its elegance and convenience. If you walk around the Gold Coast, you’ll see beautiful homes and feel the rich history of Chicago.
| Neighbourhood | Gold Coast |
| Population | 14,193 |
| Median Home Value | USD 627,213 |
| Median Rent Value | USD 1,998 |
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Lincoln Park
Lincoln Park is another rich neighbourhood in Chicago, located just north of downtown. It’s famous for its huge park that is Lincoln Park, which has a zoo, museums, and lots of green space. The neighbourhood has beautiful historic homes, modern condos, and many more.
Families love living here because of the top-notch schools and the safe, friendly atmosphere. Plus, there are plenty of cafes, restaurants, and shops to explore. Living in Lincoln Park means enjoying the best of city life while being close to nature.
| Neighbourhood | Lincoln Park |
| Population | 45,831 |
| Median Home Value | USD 791,128 |
| Median Rent Value | USD 2,044 |
Lakeview
Lakeview is a popular and affluent neighbourhood located on the north side of Chicago. It’s famous for its lively atmosphere, with lots of theatres, music venues, and sports bars. Here you can find the most famous Wrigley Field, which is home to the Chicago Cubs.
The area is also great for shopping and dining, with many trendy stores and eateries. The homes in Lakeview range from historic houses to modern apartments, offering something for everyone. It’s a great place for young professionals and families as well.
| Neighbourhood | Lake View |
| Population | 92,264 |
| Median Home Value | USD 563,494 |
| Median Rent Value | USD 1,842 |
Streeterville
Streeterville is a high-end neighbourhood located along Lake Michigan, just east of downtown Chicago. It’s famous for its lakefront views and luxurious apartments. The area is home to many famous attractions like Navy Pier and the Museum of Contemporary Art. Streeterville offers an expensive lifestyle with plenty of restaurants, shops, and entertainment options.
The neighbourhood is also close to Northwestern University, making it a popular choice for students and professionals.
| Neighbourhood | Streeterville |
| Population | 25,529 |
| Median Home Value | USD 676,059 |
| Median Rent Value | USD 2,373 |
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Hyde Park
Hyde Park is a historic and affluent neighbourhood located on the south side of Chicago. Here you can find the most famous University of Chicago, one of the top universities in the world. The area has a rich cultural scene with many museums, theatres, and bookstores.
The homes in Hyde Park are a mix of historic mansions and modern apartments. It is perfect for those who love history, education, and culture as well.
| Neighbourhood | Hyde Park |
| Population | Around 12,000 |
| Median Home Value | USD 1,192,600 |
| Median Rent Value | USD 1,650 |
FAQS on the Richest Neighbourhoods in Chicago
Some of the Richest Neighbourhoods in Chicago are Gold Coast, Lincoln Park, Lakeview, Streeterville, and Hyde Park are among the wealthiest neighbourhoods in Chicago.
Billionaires often reside in Gold Coast, Streeterville, and Lincoln Park due to their luxurious amenities and prime locations.
Astor Street in the Gold Coast neighbourhood is known for its historic mansions and is one of the most expensive streets in Chicago.
Chicago’s wealth comes from its diverse economy, major financial hubs, and affluent neighbourhoods with high property values.
Yes, Chicago is considered an elite city due to its cultural significance, economic power, and luxurious living standards.
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