Chicago Suburb Named Wealthiest City in Midwest: Report

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EFE

Illinois is home to the wealthiest city in the Midwest, according to a new report.

Naperville was ranked as the richest city in the region and the 19th wealthiest city in the nation in a ranking by finance site NerdWallet.

The report looked at income, home value and credit availability in 475 American cities with at least 65,000 people.

According to Nerdwallet, the Midwest is the most affordable region when it comes to wealthiest cities. The top 10 cities in the area had a median home value between $197,000 and $365,000.

Naperville’s median home value hit close $365,000.

By comparison, the wealthiest city in the country, Palo Alto, California, had a median home value of $2.5 million.

Median household income for the Midwest, however, was competitive with that of other cities in the wealthiest lists, the report claimed.

Other Illinois cities to make the Midwest list were Arlington Heights, Evanston, Palatine, Bolingbrook, Skokie, Schaumburg, Aurora and Bloomington.

Bolingbrook, Evanston, Arlington Heights and Palatine were also named among the top 100 cities in the nation.

The top 20 wealthiest cities in the Midwest were:

  1. Naperville, Illinois
  2. Carmel, Indiana
  3. Arlington Heights, Illinois
  4. Evanston, Illinois
  5. Fishers, Indiana
  6. Troy, Michigan
  7. Palatine, Illinois
  8. Olathe, Kansas
  9. Bolingbrook, Illinois
  10. Ann Arbor, Michigan
  11. Skokie, Illinois
  12. Schaumburg, Illinois
  13. Minneapolis, Minnesota
  14. Waukesha, Wisconsin
  15. Aurora, Illinois
  16. Madison, Wisconsin
  17. Livonia, Michigan
  18. Bismarck, North Dakota
  19. Elgin, Illinois
  20. Bloomington, Illinois

See the full report here.

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