What is the most exclusive neighborhood in Chicago?
– Chicago's historic Gold Coast is one of the most affluent urban neighborhoods in the country. It's also home to the most expensive home listing in all of Illinois.
The Loop | Wealthy Professional Neighborhood in Chicago
Named for the “L” Train forming a literal loop around this neighborhood, it is located between the Near North Side and the Near South Side.
- Fisher Hill, Brookline, Massachusetts.
- Tuxedo Park, Atlanta, Georgia.
- Denny Blaine, Seattle, Washington.
- Little Italy, New York, New York.
- Point Dume, Malibu, California.
- Poet's Quarter, San Marino, California.
- La Gorce, Miami Beach, Florida.
- Upper Deer Valley, Park City, Utah.
It's no surprise that Lake Shore Drive, and Burling Street are home to some of Chicago's priciest residences. However, there are plenty of super expensive properties located in the suburbs as well.
Winnetka, the wealthiest suburb in Chicago, is located in Cook County.
Before the Gold Coast, there was “Millionaire's Row,” an even denser cluster of mansions belonging to Chicago's most prosperous people between the 1600 to 2200 blocks of Prairie Avenue on the Near South Side.
According to the report, here is how much does it take to be considered "rich" in Chicago: Lowest Income to be Considered "Rich" (Top 20%): $129,772. Average Income of the Top 20%: $253,077. Average Income of the Top 5%: $482,166.
- Roof on theWit.
- Big Bar.
- PRYSM Nightclub.
- Debonair Social Club.
- Cuvee Chicago.
- Disco.
- Tao Chicago.
Rank | City | County |
---|---|---|
1 | Winnetka | Cook County |
2 | Kenilworth | Cook County |
3 | Glencoe | Cook County |
4 | Hinsdale | Cook County, DuPage County |
Several buildings in Billionaire's Row are located on Central Park South, which, at an average of $9.8 million per home, is one of the most expensive residential streets in the world. Only the richest of the rich can live here, such as Ken Griffin, a hedge-fund manager who bought an apartment for $238 million.
What streets are billionaires row?
While NYC Billionaires Row is located along 57th Street, it is more accurate to include certain buildings within the same corridor from 53rd Street to 60th Street and from Park Avenue to the western side of Broadway.
Celebrities can be found in all kinds of places in the US and abroad, but the highest concentration of famous people is still in Hollywood Hills.
...
- The Loop.
- Streeterville.
- River North.
- Gold Coast.
- Old Town.
- Lincoln Park.
- Lakeview.
- Andersonville.
Above all, N. Michigan Avenue is known for the Magnificent Mile, a thirteen-block stretch of high-end retail outlets that has gained worldwide renown.
- Gold Coast & Near North Side. Chicago's finest yet very small neighborhood Gold Coast is located near downtown Chicago. ...
- Forest Glen. ...
- Lincoln Park. ...
- The Loop. ...
- Edison Park.
That distinction lies with the Calumet TARP Pumping Station deep beneath the Riverdale neighborhood. The subterranean room lies 365 feet below the surface, making it the lowest inhabitable point in the city. This pumping station is part of a massive underground system known as the Tunnel And Reservoir Plan (TARP).
West Madison Street was once called Skid Row, a 12-block stretch of flophouses, gin joints and battered dreams. Hobos, bums, and tramps were the names given to the homeless, the jobless and the hopeless in the early part of the 20th century.
The benchmark to be considered among the top 1% of earners varies by state. In Illinois, for example, you'd need an income of at least $627,000.
The richest suburbs of Chicago are Hinsdale, Glencoe, Lake Forest, Winnetka, and Oak Brook, Illinois.
Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.
Do any billionaires live in Chicago?
Publishing its 36th annual World's Billionaires List, the business magazine said its 2022 data includes 25 people from Chicago or its suburbs, including four new to the exclusive club. In 2021, the Chicago region had 23 billionaires, in Forbes' reckoning. The net gain accounts for two people who dropped from the list.
Insider tips. This culturally rich neighborhood is bookended by two of the city's most significant institutions — the University of Chicago to the west and the Museum of Science and Industry to the east.
Ken Griffin
Griffin leads Illinois as the wealthiest individual in the state with a net worth of $27.2 billion. He's the founder, CEO and co-chief investment officer for the hedge fund Citadel.
The Chicago suburb of Naperville not only ranks as the richest place in Illinois, but also one of the richest in the entire country. Most area households earn over $140,000 annually – more than double the state median and well above the median household income in any of Illinois' 18 other qualifying cities.
In 2022, Forbes listed New York City with the most billionaires at 107 people, followed by Beijing with 83 billionaires, and Hong Kong in third place with 68 billionaires.
San Francisco, California
Neighborhoods like Pacific Heights have streets dubbed "billionaires row" to reflect the wealth and affluence these areas bring.
15 Central Park West (CPW), two blocks north, contains units that have been purchased by billionaires Sara Blakely, Lloyd Blankfein, Omid Kordestani, Daniel Loeb, Daniel Och, Eyal Ofer, Pan Shiyi, Sandy Weill, Jerry Yang, and Zhang Xin.
#1: New York
New York is the wealthiest city in the world—home to 345,600 millionaires with a total private wealth that exceeds $3 trillion. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple.
This ranking was built based on the price per square metre for commercial properties on the busiest and most popular streets across the planet. Unsurprisingly, it is 5th Avenue in New York that turns out to be the most expensive street in the world, with a single square metre costing $21,889 per year.
Who is the richest woman in Earth?
- 08: Susanne Klatten. Networth: $23.6 billion. ...
- 07: Miriam Adelson. Networth: $28.3 billion. ...
- 06: Gina Rinehart. Networth: $29.1 billion. ...
- 05: Jacqueline Mars. Networth: $33.8 billion. ...
- 04: Mackenzie Scott. Networth: $42.7 billion. ...
- 03: Julia Koch. ...
- 02: Alice Walton. ...
- 01: Francoise Bettencourt Meyers.
All the big Hollywood tours know that some of the best celebrity homes are on Mulholland Drive, Alpine Drive, Bedford Drive, and Benedict Canyon. Not only are there plenty of celebrities living there today, but some legends from Hollywood's past stayed there as well.
Most celebrities live in Los Angeles, California. However, other areas like Miami and Texas have recently seen more celebrities buying homes.
Bill Gates' mega-mansion "Xanadu 2.0," which took seven years to build, tops the list at a staggering $125 million. This house was built with no expense spared; it features imported golden sand from a Caribbean island, famous artwork, a salmon-filled man-made stream, and a trampoline room.
- Edison Park. Edison Park is the safest neighborhood in Chicago thanks to its low crime rate, which is 77% lower than the rest of the city. ...
- Norwood Park. Another one of Chicago's safest neighborhoods is Norwood Park. ...
- Forest Glen. ...
- Lake View. ...
- Mount Greenwood. ...
- Westmont. ...
- West Lawn. ...
- Rogers Park.
The most dangerous neighborhood in Chicago is West Garfield Park. Located on Chicago's South Side, West Garfield Park has a disproportionately high violent crime rate. With crime being 257% higher in West Garfield Park than in the rest of the city, residents have a 1 in 20 chance of becoming victims of a violent crime.
What is the nicest area to live in Chicago? The Loop, River North, Gold Coast, and Streeterville are safe and vibrant areas with easy access to downtown. If you're looking for something further from the center of town, check out West Ridge, North Park, and Forest Glen.
As part of the original incorporated city of Chicago in 1837, Rush Street is one of the city's oldest thoroughfares.
North Milwaukee Avenue has an extremely diverse mix of pubs, bars, and clubs for every walk of life. Some of the neighborhood favorites and must-stop establishments include The Radler, The Rocking Horse, and Slippery Slope. Not only are the bars eclectic, but so is the area itself.
Chicago is considered the most gang-occupied city in the United States, with a population ranging from 100,000 active members from over 70 gangs with more than 150,000 members. Gang warfare and retaliation is common in Chicago. Gangs were responsible for 61% of the homicides in Chicago in 2011.
What nickname is Chicago known for?
The Chicago “windy city” nickname usually is what sticks in people's minds, but there are several other names Chicago is known for: Chi-town: Pronounced shy-town, this is a shortened version of the city's name. The City of Big Shoulders: Taken from the first line of Carl Sandburg's poem, “Chicago”
Call it the Windy City, Chi-town, or the City of Big Shoulders—but one nickname has seen an especially interesting evolution over the years: the Second City.
Rogers Park is a diverse up-and-coming neighborhood in Chicago with dozens of languages spoken. Situated on the north side of Chicago's city limits, Loyola University calls Rogers Park home. The area also features ethnic cuisine from Mexican to Jamaican and Ethiopian.
Little Italy/University Village is a living legacy of Chicago's Italian-American past, with homes, restaurants, and shops that have been part of the community for generations. It's also home to University of Illinois at Chicago, infusing the whole area with a youthful energy.
Skyline is Chicago Public Schools' universal PK-12 curriculum, built in partnership with hundreds of CPS teachers.
West Madison Street was once called Skid Row, a 12-block stretch of flophouses, gin joints and battered dreams. Hobos, bums, and tramps were the names given to the homeless, the jobless and the hopeless in the early part of the 20th century.
While only two neighborhoods in southern West Side are generally considered Latino, Pilsen is considered the heart of Latino Chicago and both it and Little Village have extremely high percent Latino populations. Pilsen: The Pilsen neighborhood is located on the southwest side of downtown Chicago.
Savvy Chicagoans and visitors can make their way around the Loop without ever emerging above ground. That's thanks to the Pedway, one of the most-visited parts of subterranean Chicago.
But why Chicago brick? Again, history holds the answer. During the Great Chicago Fire of 1871, hundreds of people died and over four square miles of the city were destroyed. After the fire, the city was rebuilt, much of it with what we now know as Chicago Common Brick.
References
- https://rarest.org/people/wealthiest-chicago-suburbs
- https://finance.yahoo.com/news/10-most-expensive-celebrity-homes-155551595.html
- https://connorgroup.com/the-5-best-neighborhoods-for-nightlife-revelers-near-our-chicago-apartments/
- https://www.bnd.com/news/state/illinois/article264230096.html
- https://www.chicagotribune.com/visuals/chi-hobos-bums-tramps-unemployed-homeless-chicago-photos-20140611-photogallery.html
- https://www.choosechicago.com/blog/architecture-history/underground-chicago-the-layers-of-our-city/
- https://www.citysignal.com/billionaires-row-the-empty-houses-we-can-never-afford/
- https://scalar.usc.edu/works/latino-metropolis-a-brief-urban-cultural-history-of-us-latinos---1/latino-neighborhoods-in-chicago
- https://blog.batchgeo.com/where-do-rich-people-live/
- https://en.wikipedia.org/wiki/Gangs_in_Chicago
- https://www.en-vols.com/en/getaways/travel/most-expensive-streets-in-the-world/
- https://en.wikipedia.org/wiki/Billionaires%27_Row_(Manhattan)
- https://propertyclub.nyc/article/safest-neighborhoods-in-chicago
- https://www.pods.com/blog/2022/10/chicago-neighborhoods/
- https://propertyclub.nyc/article/most-dangerous-neighborhoods-in-chicago
- https://www.historicalbricks.com/know-authentic-chicago-brick/
- https://march8.com/articles/top-8-richest-women-in-the-world-2022
- https://actiontourguide.com/2021/10/22/what-neighborhood-do-most-celebrities-live-in/
- https://urbanmatter.com/chicago/sugar-daddy-chicago/
- https://www.cps.edu/sites/skyline/
- https://chicagodetours.com/prairie-avenue/
- https://www.visualcapitalist.com/top-20-cities-ultra-wealthy/
- https://finance.yahoo.com/news/income-level-considered-rich-140003986.html
- https://www.improovy.com/chicago-most-expensive-homes-for-sale/
- https://www.choosechicago.com/neighborhoods/little-italy-university-village/
- https://namecensus.com/demographics/illinois/richest-cities/
- https://chicago.suntimes.com/business/2022/4/5/23012195/chicago-area-gets-a-greater-share-in-forbes-billionaire-ranking
- https://en.wikipedia.org/wiki/Rush_Street_(Chicago)
- https://theskydeck.com/why-is-chicago-called-the-windy-city/
- https://federalcos.com/blog/richest-neighborhoods-in-chicago/
- https://theskydeck.com/chicago-facts/why-is-chicago-called-the-second-city/
- https://www.improovy.com/best-chicago-suburbs/
- https://www.fool.com/slideshow/7-cities-where-the-wealthy-are-buying-real-estate/
- https://propertyclub.nyc/article/richest-neighborhoods-in-america
- https://www.everestate.com/blog/celebrity-houses
- https://actiontourguide.com/2021/11/30/what-street-do-celebrities-live-on-in-beverly-hills/
- https://www.manhattanmiami.com/blog/manhattan/central-park-apartments-billionaires-row-new-developments-condo
- https://www.iheart.com/content/2022-02-23-heres-how-much-you-need-to-make-to-be-considered-rich-in-chicago/
- https://wgntv.com/news/chicago-news/illinois-most-expensive-home-on-the-market-located-in-historic-chicago-neighborhood/
- https://www.brixbid.com/blog/up-and-coming-neighborhoods-in-chicago/
- https://travellemming.com/chicago-neighborhoods/
- https://www.usatoday.com/story/money/2020/10/03/income-education-location-richest-city-in-every-state/114162180/
- https://www.allaroundmoving.com/5-richest-neighborhoods-in-chicago-to-move-in/
- https://en.wikipedia.org/wiki/List_of_cities_by_number_of_billionaires
- https://wgnradio.com/news/heres-how-much-income-it-takes-to-be-among-the-top-1-in-illinois/
- https://theclare.com/the-most-famous-chicago-street-names/
- https://www.choosechicago.com/neighborhoods/hyde-park/