Alamo Heights is a city of 8,501 people almost completely surrounded by the bigger city, which helps give it the title of 9th most densely populated city in Texas. Many families in Bellaire earn six figures thanks to job opportunities brought by Houston companies like Mattress Firm and Designer Mattress Warehouse. Olmos Park was meant to be an exclusive suburb of San Antonio from the very start, so it is perhaps unsurprising to learn that it is considered to be one of the richest cities that can be found in the whole of Texas. Many households here earn at least $50K annually, making it an attractive place to call home. Terrell Hills is one of the top spots for families who like quiet areas but also enjoy the perks of a big city nearby. Khambrel Marshall sits down with newsmakers in our community to discuss the issues having the greatest impact on our region, our state, our country, and our world. If you need help with the Public File, call (713) 778-4745. Mansfield is next up on the list of the richest cities in Texas with a median household income of $88,736. The City prides itself in being a kid-friendly city and has earned accolades in terms of being high ranking in education, public safety, and environment. The name Rockwall is derived from the subterranean rock formation that surrounds the county. With a population of around 9,900 according to the recent census report, this city has become an attractive destination for those seeking luxury living. When shes not hard at work in the KPRC 2 newsroom, you can find Bri drinking away her hard earned wages at JuiceLand, running around Hermann Park, listening to crime podcasts or ransacking the magazine stand at Barnes & Noble. We did a list of the poorest cities in Texas about a month ago, so we thought we would follow it up with the richest cities in Texas, based on average household income. There are also a lot of amenities for children like Fort Bend Childrens Discovery Center. Big companies like Sabre Holdings, Neiman Marcus, and Santander Consumer USA have their homes in Southlake too. Texas seems to compare most closely to the Arizona when comparing median household income. Considered the 3rd wealthiest citiy in Texas, The Woodlands is a master-planned destination that was founded in 1974 and is located close to Downtown Houston. Bellaire (Houston) Things like the best schools and lowest crime rates that people generally desire when moving to a new place in Texas. Highland Park (Dallas-Fort Worth) 3. Perhaps they're also a little relieved to learn that city is Houston. Living in Mansfeld will allow you to explore 900 acres of parkland, recreational activities for people of all ages, and a growing business community. Located just twenty minutes outside downtown Houston, Sugar Land boasts big city amenities but with small-town hospitality. Round Rock is also home to minor league baseball franchise, the Round Rock Express. The 20 Best Place for Singles to Live in Their 50s in the U.S. 10 Companies Providing the Best Renters Insurance, The 10 Best Places to Live in The Bronx, NY, How Kendra Scott Achieved a Net Worth of $580 Million, How GloRilla Achieved a Net Worth of $800,000. Bellaire is a wealthy city in Texas, known for its high incomes and closeness to Houston. It boasts world-class amenities and entertainment venues that can rival any big city. Some common motivations include the warm climate, no income tax and plenty of employment opportunities. Texas is a popular destination for working families and retirees for a variety of reasons. 16 Richest Cities in Texas *Minimum population 60,000. This small town covers 9.324 km and has about 18,815 people living there. Read along as we get to know the wealthiest towns in Texas based on median household income. Here are the 10 wealthiest cities in Texas in 2021, according to HomeSnacks: 1. And unlike other places that just randomly decide that Austin has to be the best place to live, we stick to the cold hard facts from sources like the Census and the FBI. While Silicon Valley and the New York metro area make up a big chunk of this list, the richest people in America also take up residences in Arizona, Florida, Colorado and Virginia. 70.00% of the richest cities in Texas were aged 25 to 44. Sports fans can enjoy a minor league baseball team and the teams at the University of Texas at El Paso (UTEP). Despite the exponential growth that Mansfield has undergone, it never lost its small-town charm and the quality of life that it provides to its residents. As a result, it is fitting that most of the street names in West University Place are references to either poets or institutes of higher education. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Coppell. A bedroom community of the Dallas-Fort Worth Area, Coppell is a city of 41,494 that ranks as the 6th best place to live in Texas. Terrell Hills is joined by one other San Antonio suburb, plus six cities from the Dallas-Fort Worth area and two from Houston. As the town with the 4th lowest rate of crime in the state, Trophy Club is one of the safest places to live in Texas.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'homesnacks_com-large-leaderboard-2','ezslot_6',111,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-leaderboard-2-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'homesnacks_com-large-leaderboard-2','ezslot_7',111,'0','1'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-leaderboard-2-0_1');.large-leaderboard-2-multi-111{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:5px!important;margin-left:auto!important;margin-right:auto!important;margin-top:5px!important;max-width:100%!important;min-height:50px;padding:0;text-align:center!important}. The layout of Plano is also unique because of the way its park and trails systems are laid out. Even though it is considered a bustling city, Frisco is one of the safest cities in all of the state. Nearby New Braunfels and Fredericksburg can also be attractive places to live if you enjoy small-town charm. Located in North Austin, Round Rock is home to the Dell Technologies employee campus which boasts of more than 150,000 employees. West University Place came into existence because of a former governor of Tennessee named Ben Hooper. The city is located in proximity to most amenities that you would need and offers real cost savings to business owners. For foodies, this area has a bustling restaurant scene that features traditional Texan food as well as different cuisines from all over the world. 1. Finally, it is interesting to note that Piney Point Village is one of the Memorial Villages as well, thus cementing the regions place as one of the richest regions in the whole of Texas. Asians are less likely than Americans overall to live in poverty (10% vs. 13% as of 2019). The H-E-B Center is a multi-use entertainment facility that hosts more than 150 events every year. This is a whopping 13 times higher than in the poorest town of Macon, Miss., at. The citys largest private employer is SpaceX with over 1,600 employees that help build rockets and spacecraft. Homes in University Park are the 1st costliest in Texas, going for a median price of $1,451,300. There are a few suburbs that . Whether youre a Texan resident or an outsider looking to explore the states economic opportunities, keep reading to find out which cities are leading the way in terms of wealth and prosperity. West University Place is a prestigious city in Texas that attracts affluent families. I also traveled to 40+ states on business and pleasure, and love writing about the great cities and small towns across the US. Suffice to say that this is an excellent reason to consider living in Bunker Hill Village, seeing as how the Memorial Super Neighborhood features a wide range of places offering a wide range of products and services. All of which are housed in mid-century modern and other architectural styles of interest. Here are the 10 richest cities in Texas based on per capita income. Dallas' rank remained the same year-over-year from the previous report at No. Noted for its consistently high-ranking public schools, youd better believe kids who grow up in Colleyville get off on the right foot. With a median age of 35, University Park is the youngest city to make this list, so you know its a vibrant place with fresh ideas. Thirteen percent of homes in the area are worth more than $1 million, and 5% of residents earn . One San Antonio suburb is cashing in as the richest city in Texas. Bellaire - $206,734. People who live in more expensive states are looking into relocating to the state because of the low cost of living. Alamo Heights Southlake Terrell Hills Fair Oaks Ranch Trophy Club The Woodlands Flower Mount 1. And since everything might be better and bigger in Texas, we decided that we would hunker down with our data, spreadsheets, and algorithms to do Texas proud when it comes to researching the best places to live in the Lone Star State. According to a recent GOBankingRates study, you would need annual income of $10 million or more to be considered rich in this East Coast state. Josh Patoka has been a personal finance writer since 2015. Plus, this part of Texas is known as "wine country," and there's over 100 wineries and tasting rooms in and outside town for entertainment and education of Texas grapes. University Park University Park is a Dallas suburb of 25,027 people that has a lot going for it. So Expensive 2023. Its also a college town, the state capital, and it has a healthy economy. Save my name, email, and website in this browser for the next time I comment. And having the 11th lowest rate of poverty in Texas means that everyone in Trophy Club gets in on the good times. Every one of the top 20 towns have households that bring in at least $300,000 a year. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. With only a 0.67% poverty rate, many folks work at big companies like Valero Energy Corp., Tesoro Corp., and NuStar Energy that are based there. Population: 41,494Rank Last Year: 7 (Up 1)Median Home Value: $414,000Unemployment Rate: 2.4%More on Coppell: Real Estate|Crime Report|Cost Of Living. The Dallas-Fort Worth metro area had a strong showing on the ranking, repping half the states 10 wealthiest cities, including Highland Park, second on the list, Celina, third on the list, Southlake, fifth on the list, Prosper, seventh on the list and Melissa, ninth on the list. There are several beaches to visit, and the area is home to Padre Island National Seashore, the Texas State Aquarium and a naval air station. As an extra attraction, having the top-notch Keller Farmers Market and Keller Pointe athletics center right in your neighborhood means its easy to eat healthy and stay active here. Combined with home prices of around $444,800, Trophy Club actually has the lowest overall cost of living among the cities featured here. You can even catch a Christmas Wine Train in December. Because of its strategic location, Missouri City is a great place to consider if you are thinking of relocating. Its super safe here and the schools are the best in the state when you measure performance and the budget they have. Table of Contents show. Known as the wealthiest place in Texas, Fair Oaks Ranch offers its residents fine dining options, top-ranking public schools, and high incomes. You can download the data here. This West Texas town is just a short jump away from Big Bend National Park, one of the country's most majestic natural areas. Southlake is home to many affluent residents and boasts the highest median household income among all cities listed here. Read more about Fredericksburg, Texas. Residents of Texas enjoy no state taxes, bigger living spaces for less money, and most of all the rich tradition and culture that is accentuated by Southern charm. Located north of San Antonio, this city has 5,371 people living in it. Required fields are marked *. Tesla and John Deere are two of the most recent high-profile examples. Its also the place with the 3rd highest rate of insured residents in Texas, with 98.4% of people being covered. This means that the neighborhoods in the city and the surrounding area vary significantly. It is also used to compare living conditions between geographic regions. And since smart people with good jobs dont have much reason to go around committing crimes, Colleyville also has the 9th lowest crime rate in the state, about 75% lower than the national average. It's easy to get distracted by the twice-yearly antiques fair extravaganza in Round Top, where you can score all sorts of unexpected goodies, but this town has much more to it than just shopping. Austin is one of the best places to live in Texas for its diverse culture and outdoorsy activities. It takes some serious dough to live in these places! Population: 25,027Rank Last Year: 2 (Up 1)Median Home Value: $1,351,400Unemployment Rate: 4.4%More on University Park: Real Estate|Crime Report|Cost Of Living. With a median age of 35, University Park is the youngest city to make this list, so you know it's a vibrant place with fresh ideas. Missouri City is one of the wealthiest towns in Texas, with a median household income of $76,572. Population: 8,501Rank Last Year: 4 (Up 2)Median Home Value: $614,000Unemployment Rate: 1.4%More on Alamo Heights: Real Estate|Crime Report|Cost Of Living, Kicking off our list of best places to live in Texas is West University Place, an affluent suburb of Houston. Thats okay though, because University Park residents are also the 4th best paid in the state, pulling in around $218,611/year. Population: 26,766Rank Last Year: 8 (Down 1)Median Home Value: $567,600Unemployment Rate: 4.6%More on Colleyville: Real Estate|Crime Report|Cost Of Living. The cities also had to have a population of at least 5,000. Many Americans relocated to Texas Sunbelt region in 2022, but Austinites may be surprised to see the city movers set as their destination. The city also has a vibrant Hispanic culture and is home to an arts district as well as several theme parks. Now we also realize that city living might not be your cup of tea, so we ran the following analysis on towns and then again for small towns. All three of the towns have less than 1,000 households. League City is home to several water resorts that attract visitors all over the state. This charming city found in West Texas, Midland is unique because it is the farthest from being a Metropolitan city at all. Bellaire (Wealthiest Cities in Texas)- $206,734. We ranked each place in Texas across a number of criteria from one to 341, with one being the best. If youre curious enough, here are the worst places to live in Texas according to the data: ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){create_map('https://www.homesnacks.com/graphs/maps/best/tx.html');}); Chris Kolmar has been in the real estate business for almost ten years now. Homes here will cost you a pretty penny with the median price being 223,621, but thats a bargain compared to some other places on this list. The main feature of this city is Lake Houston and it contains several golf clubs, country clubs, and several nature parks. All rights reserved. Moreover, Hunters Creek Village is very similar to Bunker Hill Village in that its residents benefit from everything that can be found in the Memorial Super Neighborhood. This citys population was 31,292 and its located in parts of northeast Tarrant County and northwest Dallas County. All Rights Reserved. So, go grab your tex-mex and a margarita as we take a quick look at the top ten. Despite its size, Houston is one of the most affordable big cities in the U.S. but is still more expensive than smaller cities throughout Texas. Alamo Heights - $141,048. Primarily, it is known for its very small population and its very high per capita income. Highland Park in Texas is a rich city known for its lovely neighborhoods and high incomes. College Station is home to Texas A&M University and is part of the Brazos Valley Economic Development Corporation, which helps provide high-tech jobs in Texas. Said measurement is by no means perfect, but it is nonetheless very useful for creating a picture of the average individual who lives in the relevant region. Richest town in Texas Bunker Hill Village, $247,188; Richest town in Washington Clyde Hill, $238,958; Richest town in Maryland . I have compiled a list of the top 10 richest cities in Texas according to their median household income. A town of only 1,724 people, Salado is situated halfway between Austin and Waco. The . San Antonio suburb Terrell Hills earned the distinction a the states wealthiest city -- yet again. Fair Oaks Ranch, a city in Bexar and Comal counties in Texas, is part of the San Antonio Metropolitan Statistical Area. Let's have a look at the list below. Most people associate Frisco as being home to The Star which is the Dallas Cowboys practice facility but the good things about this city do not end there. The metro area is currently the nations fourth-largest and is likely to take the number three spot in the second half of this decade. Copyright 2021 by KPRC Click2Houston - All rights reserved. Median Income: $109,048. Theres plenty to do if you live in Southlake. Mckinney residents can enjoy access to Dallas restaurants, amenities, and cultural offerings without the high crime rate which makes this area very desirable. Southside Place can be found in Harris County, which is one of the most populous counties in the United States thanks to its county seat of Houston. This site uses Akismet to reduce spam. This small town has a rich and royal history. Theyre no stranger to our lists as they took the top spot last year and rank as one of the wealthiest places in Texas. This diverse city showcases people belonging to various racial and ethnic backgrounds, with the majority being White followed by Asian. Midland currently has a population of around 150,000 and is thought of as a relatively small town. With a per capita income of $149K and a median household income of around $211K, Highland Park attracts many young families who value top-notch schools, restaurants, and entertainment options. Meanwhile, 2022 was Houstons second consecutive year as the No. Despite higher costs, Southlake offers excellent job opportunities, beautiful homes, top-rated schools, and relatively low living expenses. The icing on the cake is the beautifully preserved Texas nature that is unrivaled. (Fun fact: That's roughly the size of France.) Population: 78,854Rank Last Year: 15 (Up 5)Median Home Value: $376,500Unemployment Rate: 3.6%More on Flower Mound: Real Estate|Crime Report|Cost Of Living. If we could measure the most Cowboy hats and Cowboy fans per square mile, heck wed measure that too. Before we even started to collect data, we had to answer a tough question: Is it fair to pit Austin with a population of 965,872 against places with a population of 18? The city prides itself on being family-friendly and is a vibrant community of families and professionals. Like a lot of other communities on this list, Hunters Creek Village incorporated early enough that it wasnt swallowed up by a bigger citys expansion, with the result that it is now an enclave surrounded on all sides by said neighbor. Due to the timing, Hilshire Village wasnt incorporated into Houston in the same manner as its unincorporated surroundings. > Metropolitan area: Dallas-Fort Worth-Arlington, TX As in most of the wealthiest American towns, more than 44% of households in University Park reported incomes of at least $200,000, many. Terrell Hills is a small, charming town in Texas with many wealthy residents. This is our ninth time ranking the. The median home value in Alamo Heights stands at $717.8K while its median household income reaches $141K. 10.00% of the richest cities in Texas were aged 65 and over. Located in the Denton and Tarrant counties, Flower Mounds name was derived from a prominent 12.5-acre mound that is found in the middle of the town. Terrell Hills (San Antonio) 2. The median family income in this city is $112K, and about 24.4% of its people make over $200K per year. The city of about 10,000 is the seventh-wealthiest small town in America, according to Bloomberg. What is the best place to live in Texas? With its wealthier-than-average residents and excellent job prospects both inside and outside the city limits, Prosper remains one of the wealthiest cities in Texas. A new ranking from data provider HomeSnacks ranked the wealthiest cities in Texas for 2021. Briana Zamora-Nipper joined the KPRC 2 digital team in 2019. The towns of Annetta, North Annetta and South Annetta all ranked among the Top 25 wealthiest places in North Texas. Midland, Tx. It also has one of the premier educational systems in the state, with GreatSchools giving Coppells schools an average score of 8/10 (with plenty of 10/10s available, depending on your district).if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'homesnacks_com-leader-1','ezslot_8',112,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-leader-1-0'); All these things are great indicators of Coppells high quality, but we havent come to the citys best feature: being only ten minutes away from the Legoland Discovery Center. Beautiful homes can be found all around Terrell Hills, some dating back to the 1920s while others are newer constructions. According to an Assurant Survey, 45 percent of tenants lack renters insurance coverage even though, Read More 10 Companies Providing the Best Renters InsuranceContinue, As the state capital of Massachusetts, Boston is a large and diverse city. Fort Worth is a neighboring suburb of Dallas, but it can be safer and more affordable. Nearly all of its workforce (98%) holds white-collar jobs a number that surpasses the national average significantly. The list below shows all of the top age brackets for the richest cities in Texas. Spring Valley Village is the best small town in Texas based on the most recent Census data. The place started up because of a man named Frank Bruess who bought 30 acres of land in the 1940s before being incorporated in the mid 1950s. 10. And, maybe everyone is in a good mood because they never have to sit in traffic. Consider El Paso if you want to live in western Texas and along the Mexican land border. Despite the name, Hilshire Village is a city rather than a village, though to be fair, its population is counted in the high hundreds.

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