This Scenic Lakefront Suburb Was Just Named the Richest Retirement Town in the Midwest

"Lake Forest, Illinois, has been named the richest retirement town in the Midwest by GOBankingRates, with a median household income of $235,081 and a livability score of 67 out of 100."

"The town's Market Square is one of the country's first retail centers, blending multiple old European architectural styles and anchored by a brick clock tower."

"Lake Forest received an A+ for livability by Niche.com, which named it the best place to retire in Illinois, with a median home value of $938,300."

"The average retirement income in Lake Forest is $61,485, and listings on Realtor.com range from about $700,000 to nearly $10 million."

Lake Forest, Illinois, is recognized as the richest retirement town in the Midwest, ranking second nationwide. The town has a median household income of $235,081 and a livability score of 67. Approximately 26.7 percent of its population is aged 65 or older, with an average retirement income of $61,485. Founded in 1855, Lake Forest features historic estates, community events, and a scenic atmosphere. The median home value is $938,300, and the town received an A+ for livability from Niche.com.

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