Northbrook Ranked No. 7 Richest Retirement Town In Nation: Study

NORTHBROOK, IL — Anyone who lives in Northbrook can tell you it's a great place to live, but it's also a perfect spot for retirement if you can afford it. GOBankingRates, a personal finance company, recently named Northbrook No. 7 in its "America's 50 Richest Retirement Towns" list.

According to the company, its researchers analyzed the latest U.S. Census Bureau data to identify all locations in America (including cities and census-designated places) where adults 65+ make up 25 percent or more of the population. The list was limited to only include locations with a population of 15,000 or more.

The study said Northbrook has a retirement population of 25.6 percent, or 8,862 of its 34,642 overall population. The median household income in Northbrook is $155,321. The livability score for Northbrook is 80.

Saratoga, California, is the richest retirement town in America. The median household income in Saratoga is $241,348.

In all, Illinois had four towns make the list, including Northbrook: Lake Forest (No. 2), Westchester (40) and Godfrey (50).