A Chicago suburb has been named one of the richest cities in the country, according to a new report.
North suburban Winnetka was named the second-richest city in the nation in a report by financial news company 24/7 Wall St.
The report ranked cities based on their median household incomes, poverty rates, median home values, educational attainment rates, shares of households making less than $10,000 and more than $200,000 and the percent of households that have married couples and children.
Winnetka’s population was cited as being “highly-paid and highly-educated,” with all but 0.8 percent of the city’s adults having at least a high school diploma and 88 percent having a bachelor’s degree.
The median household income in Winnetka is $211,250 and the median home value is $936,200, according to the report. That’s nearly five times the median home value for much of the metropolitan Chicago area, which currently sits at $206,300.
The richest city in the nation was Scarsdale, New York, which had a median household income of $233,311.
The report notes that the richest communities in the country are most often located within commuting distance of a major city. Four of the 10 wealthiest towns are within commuting distance of New York City, two are close to Dallas, and two are outside of San Francisco.
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In eight of the 10 wealthiest towns and cities, at least 70 percent of households consisted of a married couple, and 30 percent of those couples had children.
