1. So what city topped the list? For shopping lovers, the open-air shopping center called Highland Park Village hosts local boutiques along with luxury retailers like Chanel and Hermes. 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. These figures are all relative to one another. 7. To avoid redundancy, we didnt list multiple suburbs within the same metro area to provide more options if you decide to move to Texas. The Richest County in Texas is Rockwall County with a median household income of approximately $103,000. Nobody gets left out of the good times in West University Place, as evidenced by the citys ranking as the place with the 4th lowest poverty level in Texas. 2023 Forbes Media LLC. Important ancestries here include German, English, Irish, Polish, and Italian roots. I have lived in Houston, Texas and Chicago, Illinois for a combined 35 years. Wagons have used this as a marker to ensure that they can safely cross the creek. 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. Next on our list of the wealthiest cities in Texas is Cedar Park which is a major suburb of Austin. The Richest Town in Every U.S. State | TitleMax Many households here earn at least $50K annually, making it an attractive place to call home. 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. Living in Mansfeld will allow you to explore 900 acres of parkland, recreational activities for people of all ages, and a growing business community. If we could measure the most Cowboy hats and Cowboy fans per square mile, heck wed measure that too. Here are the 10 richest cities in Texas based on per capita income. The area of Rockwall County measures 149 square miles which makes it the smallest area compared to all Texas counties. In most cases, the more desirable an area, the higher the cost of buying property, Read More The 10 Richest Neighborhoods in DallasContinue, At different stages of life, people have different needs, and this impacts their decision about where to live. The citys largest private employer is SpaceX with over 1,600 employees that help build rockets and spacecraft. Southlake is home to many affluent residents and boasts the highest median household income among all cities listed here. An example of data being processed may be a unique identifier stored in a cookie. Cheapest Places To Live In Texas Best Places To Raise A Family In Texas The 10 Best Places To Live In Texas For 2022 1. Bellaire (Wealthiest Cities in Texas)- $206,734. In short, Piney Point Village was settled when the railroad came through with the result that German farmers settled in the region. The 10 Best College Towns In Texas For 2022 - CollegeSnacks Editorial Note: We earn a commission from partner links on Forbes Advisor. So, go grab your tex-mex and a margarita as we take a quick look at the top ten. 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. 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. 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. Of all the places on this list, the cost of living in Keller is second-lowest only to Trophy Club. 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. Mansfield is one of the numerous communities that make up the Dallas-Fort Worth Metroplex. 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. > 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. This factor contributes to a low homeownership rate of 59%. However, Austin is still a top 10 destination for American movers, according to a the latest Top Moving Destinations report from Penske Truck Rental. North Texas. Several major industries also have a presence in the city, including a Bell helicopter plant and the Pantex Nuclear Weapons Facility, the nations only facility to assemble and disassemble nuclear weapons. var cid='2340645197';var pid='ca-pub-9280529428605582';var slotId='div-gpt-ad-homesnacks_com-medrectangle-3-0';var ffid=2;var alS=2021%1000;var container=document.getElementById(slotId);container.style.width='100%';var ins=document.createElement('ins');ins.id=slotId+'-asloaded';ins.className='adsbygoogle ezasloaded';ins.dataset.adClient=pid;ins.dataset.adChannel=cid;if(ffid==2){ins.dataset.fullWidthResponsive='true';} Best known for being the home of country music and BBQ, Texas is the second-largest state in the United States. Townhomes and condos can also be found for people who prefer low-maintenance living. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Does the Richest City in Texas Have an Animal Shelter? On the other hand, the Denton Creek District is a 1,500-acre mixed-use district that is found on the western edge of town. 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. University Park and Highland Park make up the Park Cities, which is an enclave of Dallas. If University Park is out of your price range, dont worry, the top ten has a place for everyone. Even though it is considered a bustling city, Frisco is one of the safest cities in all of the state. Do you live in one of the 10 wealthiest cities in Texas? - KPRC Here Are The 10 Richest Cities In Texas - OnlyInYourState The U.S. Census Bureau estimated 23.7 million Americans moved in 2022, which is about 4 percent more than in 2021. 1 moving destination. You can download the data here. As for escaping the hustle and bustle of the big cities, not many cities on this list can boast having a 46-acre natural refuge, complete with nine ponds and countless fishing spots. One San Antonio suburb is cashing in as the richest city in Texas. Save my name, email, and website in this browser for the next time I comment. The richest cities in Texas are nearly identical to the wealthiest cities in Arizona when comparing spot for spot. The 10 Wealthiest Cities in Texas Based on Census Report Prosper is a luxurious city in Texas, located within Collin and Denton counties. The only drawback is youd have to drive into Dallas or Fort Worth for work, and those places are not as charming. While some areas offer an amazing lifestyle to, Read More The 20 Best Places to Live in BostonContinue, New York is a tough town to make it in. Texas tops list of one-way U-Haul destinations in 2022 Southlake topped the list with a median income of $239,833. A town of only 1,724 people, Salado is situated halfway between Austin and Waco. It borders Matamoros, Mexico and is less than an hour from South Padre Island, which is a popular beach destination. Terrell Hills is the richest city in Texas. Most Affluent Small Cities: 50,000 to 100,000 Residents. Based on the name, it should come as no surprise to learn that Southern Methodist University is a private Methodist research university. Southlake, Texas is a prosperous city that stands out for its high median income of $240.2K. This affluent community has an estimated median household income of $146.7K, which is more than double the states average of $61.9K. So to create our ranking, we broke places to live into three tiers: This left us with 341 cities, 580 towns, and 518 small towns. Fort Worth is a neighboring suburb of Dallas, but it can be safer and more affordable. Towns Populations between 1,000 and 5,000. Penskes top 10 moving destinations in 2022 are: With the arrival of National Moving Month in May, Penske decided to commemorate the month by releasing four specially-curated playlists on Spotify. Its super safe here and the schools are the best in the state when you measure performance and the budget they have. Median Income: $109,048. 10 Reasons Why. The city is home to many major employers and also has plenty of things to do regarding culture, history and entertainment. Midland currently has a population of around 150,000 and is thought of as a relatively small town. The list below shows all of the top age brackets for the richest cities in Texas. 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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. The affluent suburb, just five miles northeast of downtown San Antonio, also topped HomeSnacks 2019 list of the richest cities in Texas. But, you get what you pay for. 10 Reasons Why, Why Are Jeep Wranglers So Expensive? Are you sure you want to rest your choices? Were going to stick around the Dallas-Fort Worth metroplex to wrap up our list of best places in Texas with Keller, a suburb of 46,885. 2019 rank: 1 Median household income: $175,913 Unemployment rate: 1.2 percent unemployment rate Poverty rate: 0.7 percent, 2019 rank: 2 Median household income: $201,629 Unemployment rate: 2.4 percent Poverty rate: 1.7 percent, 2019 rank: 25 Median household income: $207,019 Unemployment rate: 2.3 percent Poverty rate: 2.7 percent, 2019 rank: 5 Median household income: $113,532 Unemployment rate: 1.4 percent Poverty rate: 0.3 percent, 2019 rank: 3 Median household income: $250,001 Unemployment rate: 2.9 percent Poverty rate: 1.7 percent, 2019 rank: 6 Median household income: $142,483 Unemployment rate: 2.5 percent Poverty rate: 2.4 percent, 2019 rank: Not ranked Median household income: $119,511 Unemployment rate: 2.3 percent Poverty rate: 2.1 percent, 2019 rank: 4 Median household income: $230,700 Unemployment rate: 3 percent Poverty rate: 2.2 percent, 2019 rank: 7 Median household income: $125,806 Unemployment rate: 2 percent Poverty rate: 3.6 percent, 2019 rank: 13 Median household income: $123,802 Unemployment rate: 2.5 percent Poverty rate: 3.2 percent. No cities in the Austin-area appear on the list. Outdoor enthusiasts will enjoy the Palo Duro Canyon State Park, which is the nations second-largest canyon and is only dwarfed by the Grand Canyon. In general, residents of University Park dont have money problems, because theyre the 2nd best-paid workers in Texas, pulling in around $247,716/year. Here are . And having the 11th lowest rate of poverty in Texas means that everyone in Trophy Club gets in on the good times. 10 Reasons Why, Why Are Audi Cars So Expensive? Penske has been reporting on the migration patterns of Americans for 13 years, using data from the U.S. cities with the most inbound one-way consumer rentals throughout the year. Beautiful homes can be found all around Terrell Hills, some dating back to the 1920s while others are newer constructions. The 10 Richest Cities in Texas (Updated for 2020) - Money Inc Located north of San Antonio, this city has 5,371 people living in it. We ranked each place in Texas across a number of criteria from one to 341, with one being the best. University Park made a strong showing to take in the overall number one spot for the best place to live in Texas for 2022. Mckinney residents can enjoy access to Dallas restaurants, amenities, and cultural offerings without the high crime rate which makes this area very desirable. Marathon, Texas. University Park is the perfect example its a small suburb outside of Houston that has everything youd could ever want, but without the constant hustle and bustle. Celinas typical home price is $615K with a median household income of $124K, both higher than state averages. 10.00% of the richest cities in Texas were aged 65 and over. This also equates to the economic growth of the city. In this blog post, well take a look at the top 10 wealthiest cities in Texas based on median household income. But why focus on the wealthiest places in Texas? Over half of the population in West University Place has a masters degree or higher, so you know that folks here arent dummies. (Fun fact: That's roughly the size of France.) Perhaps they're also a little relieved to learn that city is Houston. Two well-to-do Houston-area communities also secured spots on the list. The Richest Small Town in Every State | GOBankingRates However, it is one of a number of residential communities meant for upper-class families called the Memorial Villages, which fall within the Memorial Super Neighborhood. You can even catch a Christmas Wine Train in December. Terrell Hills. It's almost impossible to get bored in this nostalgic town located just 30 minutes from Dallas via car. 10 Reasons Why, Why Is WeatherTech Shipping So Expensive? Here Are The 10 Richest Cities in Texas. The song choices are intended to help people look forward to the journey ahead, according to Malloy. Terrell Hills, with a population of 5,425 as of July 2018, boasts a median household income of $175,913, a 1.2 percent unemployment rate, and a 0.7 percent poverty rate, according to the HomeSnacks ranking, released January 11. The 10 Best College Towns In Texas For 2022 Canyon, TX College Station, TX McAllen, TX Arlington, TX Plainview, TX San Marcos, TX Wichita Falls, TX Denton, TX Commerce, TX Edinburg, TX While some of these may not seem like a 'real' college town per se, when you look at the numbers, it's hard to argue against. Dallas is a short drive from Plano which is exceptionally convenient for Plano residents who want to have access to the amenities of a big city. How is Median Household Income calculated? currently successful businessman Nolan Ryan, Related Article: Most Expensive Tequilas in the World, The 10 Most Expensive Clarinets In The World. Found on the northeastern edge of the Dallas-Fort Worth area, Mckinney is the perfect happy place for people who are looking to avoid the business of a big metropolitan area but dont want to be too far from it to miss the amenities. The city prides itself on being family-friendly and is a vibrant community of families and professionals. It is also used to compare living conditions between geographic regions. Now a look at how all the neighborhoods in Dallas ranked. 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. In any case, Hill Country Village is another one of the enclaves that can be found in the San Antonio Metropolitan Statistical Area. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Bellaire, fourth on the list, with a population of 18,815 boasts a median household income of $206,734, a 2 percent unemployment rate, and a 2.3 percent poverty rate while West University Place, sixth on the list, totes a median household income of $250,001, a 2.6 unemployment rate and a 1.7 percent poverty rate. According to the US Census, the median household income in Texas is around $66,826. The city also has plenty of history to accompany the coastal lifestyle. 20.00% of the richest cities in Texas were aged 45 to 64. Due to the timing, Hilshire Village wasnt incorporated into Houston in the same manner as its unincorporated surroundings. Alamo Heights - $141,048. We analyzed cities by pulling recent data on key lifestyle factors such as the areas median home price, personal income per capita, and the unemployment and crime rate. The history of this city dates back to the mid-1800s; however, it was incorporated in 1946. It is named thus because it was situated so close to Rice Institute, which is now called Rice University. Technically, Bunker Hill Village is an independent enclave that can be found in western Houston. Midland, Tx. Texas is ranked twenty-fifth among US states by median household income, with a per capita income of $19,617 (2000). Allen is, by all accounts, a football town. Frisco is considered one of the fastest-growing cities in Texas with residents flocking there in droves. Located in the thick of Texas Hill Country, Fredericksburg still holds true to its German heritage with biergartens on its Main Street (which also has plenty of galleries, restaurants, and boutiques for all-day perusing) and an annual Oktoberfest celebration each fall. Nearly all of its workforce (98%) holds white-collar jobs a number that surpasses the national average significantly. Bellaire - $206,734. Hill Country Village is another excellent example of a place that is classified as a city but boasts numbers that are more in line with what most people would expect from the village that it is called. Pearland is one of the up-and-coming cities in Texas that has undergone tremendous growth over the last few years. Information provided on Forbes Advisor is for educational purposes only. Another Dallas-Fort worth suburb, Colleyville is a city of 26,766 with across the board strong statistics. [1] [2] See also [ edit] 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 metro areas we chose are spread across the Lone Star State and can be an excellent place to call home for couples or families. Here are the 25 wealthiest places in DFW, ranked Consider El Paso if you want to live in western Texas and along the Mexican land border. You can find out more about him on LinkedIn or his website. 3 Texas Towns Among 25 Wealthiest in America (and It Could Be More) Nearby New Braunfels and Fredericksburg can also be attractive places to live if you enjoy small-town charm. Related: 10 Affordable (And Booming) Cities For College Grads To Buy A Home. 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 Lakeside Business District is a 265-acre area that is zoned both commercial and residential. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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 West Texas town is just a short jump away from Big Bend National Park, one of the country's most majestic natural areas. It is part of the Dallas-Fort Worth-Arlington metropolitan statistical area and includes cities like Heath, Royse City, Fate, and Mobile City. 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. Cumberland Center might be one of the richest small towns, but its median household income doesn't meet the definition of what Mainers call rich. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. In the present, Piney Point Village is a very different kind of place, as shown by how it actually has restrictions against businesses of any kind. 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. The residents take pride in their diverse heritage which includes German, English, Irish, Polish, and Italian roots. 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 is a whopping 13 times higher than in the poorest town of Macon, Miss., at. The team is owned by former Major League pitchers and currently successful businessman Nolan Ryan. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. However, not all neighborhoods are the same. Gruene has long been a favorite family destination for Texans for more reasons than one, starting with its position along the Guadalupe River, which is a popular route for floating on rafts and innertubes during warm months. Top 10 Richest Cities in Texas 2023 - namecensus.com With one of the lowest unemployment rates in Texas at just 8%, Bellaire attracts families who appreciate financial stability. Missouri City is conveniently located minutes away from Downtown Houston and has all the amenities that the big city has to offer. The poorest neighborhood? An upscale area located in central Dallas, this beautiful neighborhood possesses both a small-town atmosphere and big-city amenities. When compared to the wealthiest cities in California, the median household income is less than half that of California. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'homesnacks_com-large-mobile-banner-1','ezslot_9',113,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'homesnacks_com-large-mobile-banner-1','ezslot_10',113,'0','1'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-1-0_1');.large-mobile-banner-1-multi-113{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}, Population: 31,684Rank Last Year: 11 (Up 4)Median Home Value: $697,000Unemployment Rate: 2.2%More on Southlake: Real Estate|Crime Report|Cost Of Living. Are poverty and unemployment rates hovering around 3%? And with Dallas right there, you can be in Americas largest urban art district in under 15 minutes. Many Americans relocated to Texas Sunbelt region in 2022, but Austinites may be surprised to see the city movers set as their destination. With a median household income of $122,302, Frisco is home to some of the most affluent people in Texas. Continue with Recommended Cookies.