Key Takeaway Burr Ridge, Illinois, ranked as the most livable Midwest town to retire in a new GOBankingRates.com report. But a new GOBankingRates.com report highlighted the town of Burr Ridge, Illinois, as the most livable place to retire in the Midwest. While Florida dominated the top 10, Burr Ridge came in strong at No. The median household income in Burr Ridge is $154,508, and 35.82 percent of its residents are of retirement age. According to Niche.com, Burr Ridge is the seventh best place to retire in Illinois, with perfect scores for public schools, family-friendliness, outdoor activities, and health and fitness.