Which County in Illinois is the Most Expensive to Buy Land in?
Cook County is NOT the answer to the question "which county in Illinois is the Most Expensive to buy residential land in?" So...which county is it?
The answer to that question is, according to the website lawnlove.com, is actually Lake County, IL. The price of residential land in Lake County, IL is actually ranked as the 138th most expensive in the country BUT the Tax rank for Lake County is the 16th highest in the United States, according to the site. Overall that makes Lake County, IL the most expensive county in Illinois to buy residential land, the 32nd most expensive county in the country, and right in front of Cook County (home of Chicago) which is ranked 34th in the US. You can look at the entire rankings on the website for yourself just click here!
For those of you who don't know, Lake County, IL is the northwest most county in Illinois, it is just north of Cook County, and boarders Mchenry County (which is ranked 38th on this list) and Lake Michigan. According to the Wikipedia page on Lake County, there are about 715,000 residents of Lake County, and that includes towns like Lake Forrest (where the Chicago Bears are headquartered) Highland Park, Zion, and Lake Zurich. Also on the Wikipedia page, they say...
"According to the 2010 census, Lake County is the second most wealthy county in Illinois by per capita income, after DuPage County. Additionally, Lake County ranks as the 27th wealthiest county in the nation. The lakefront communities of Lake Forest, Lake Bluff, and Highland Park are part of the affluent North Shore area."
Well maybe that helps explain why it is so expensive to buy residential land in Lake County, it is very wealthy and has a ton of beautiful Lakefront property that is worth millions.
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