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The mayor's office map extends the Gold Coast south to the area of Northwestern University's Chicago campus. As of 2011, Gold Coast ranks as the seventh-richest urban neighborhood in the United States with a median household income of $153,358.
The Gold Coast consists mostly of luxury high-rise apartment towers and buildings and stone mansions throughout. Its borders are generally defined as North Avenue to the north, Lake Michigan to the east, Chicago Avenue to the south, and Clark Street to the west.
The Magnificent Mile (also The Mag Mile) is a section of Michigan Avenue in Chicago devoted to retail, dining, hotels and tourist attractions. Running from the Chicago River to Oak Street in the Near North Side, [1] the district is located one block east of Rush Street and is the main retail corridor between the Loop and Gold Coast. [2]
The Old Chicago Water Tower District is located along Michigan Avenue where Streeterville meets the border of the River North and Gold Coast (Chicago) neighborhoods at Chicago Avenue. The Water Tower District contains the only public buildings that survived the 1871 Great Chicago Fire. [26]
The Gold Coast is the nation's second wealthiest neighborhood, trailing only the Central Park East neighborhood of Manhattan's Upper East Side. [21] Between Chicago Avenue and the Chicago River, Rush Street is part of the River North Gallery District. The River North District hosts more art galleries than any neighborhood outside of Manhattan. [22]
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There are 178 official neighborhoods in Chicago. [1] Neighborhood names and identities have evolved due to real estate development and changing demographics. [2] Chicago is also divided into 77 community areas which were drawn by University of Chicago researchers in the late 1920s. [3]