Wilmette, Illinois - LCP Group

Blog

America's Best Suburbs

Wilmette, Illinois

Wilmette, Illinois, is a congenial family town bordering Lake Michigan, 14 miles north of Chicago, last stop on the subway, and a 30-minute commute to the Loop, Chicago’s central business district. “It’s a small town, beach town, walk to everything,” one resident said, “and there’s more to do than you and your family can ever have time for.” Sailing, swimming, tennis, fitness center, summer camp, art classes, theater, concerts, and an impressive selection of good restaurants are all available in this thriving community. 

According to Business Week, Wilmette is the seventh best place in the U.S. to raise children. “It’s a great community built to support families,” another resident said. “Many of us grew up in Wilmette and are raising our families here, so there is a very developed sense of belonging.”  

The conscientious raising of a family, of course, puts a premium on education. “The Wilmette schools are amazing,” said a former student, “and parents are involved in every facet.” There are five elementary schools to start the young, and each of the five gets a high rating. Then there are two middle schools, Marie Murphy and Wilmette Junior High, the latter having won several National Blue Ribbon Awards for student achievement. After junior high, students attend New Trier High School in nearby Winnetka, known for its large spending per student, which results in academic kudos and top arts and athletic programs (New Trier leads all Illinois high schools in the number of athletic championships won). Town & Country called New Trier “quite possibly the best public high school in America.”

As to colleges in the Wilmette / Chicago area, U.S. News & World Report made a ranking of the best in the region which are said to be among the best “National Universities” in the United States. Those schools in order are: The University of Chicago, the Illinois Institute of Technology, Northwestern, Loyola University, DePaul University, Columbia College at Chicago and University of Illinois at Chicago. The region is also home to many post-graduate and specialty schools for a wide variety of advanced degrees.

For new arrivals with thoughts of starting their own business in Wilmette, some facts about the town are listed below, courtesy the Village of Wilmette, which says it is committed to providing an atmosphere that will help local businesses grow:    

  • The average Wilmette household income is $168,832
  • 21,000 consumers live within one mile of downtown Wilmette
  • More than 70% of Wilmette residents earned a bachelor’s degree or higher 
  • Wilmette was saluted in Forbes Magazine’s “America’s Most Educated Small Towns” 
  • Wilmette is listed as one of the “25 Top-earning Towns” in the country by Money Magazine.
  • Resident purchasing power is $500 million, which is twice the national average for towns of Wilmette’s size
  • Wilmette is accessible to and from Chicago by way of trains, buses, and interstate
  • Wilmette families enjoy many recreational amenities, including large Lakefront Parks with sandy beachs 

The median price of homes currently listed in Wilmette, according to Zillow, is $654,500, though residences closest to Lake Michigan can be substantially more. Zillow predicts that Wilmette home prices will rise 3.8% in 2019. 

The LCP Group would be pleased to work with EB-5 investors in exploring Wilmette and the Chicago area for their new American home.