I have compiled a list of the top 10 richest cities in Texas according to their median household income. Although the unemployment rate is low at just 3.4%, living costs in this city are higher than average. Add to that top-notch schools and an excellent housing market, and youve got a recipe for the best place to call home in Texas. Because of its affluent population, this city has used a smart growth system in terms of urban planning. Surrounded by San Antonio and other neighboring cities with limited room for expansion, Alamo Heights maintains its close community vibe. 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}. Sugar Land is the largest city in Fort Bend County and is considered one of the most affluent and fastest-growing in the state. Each playlist is under an hour and a half long, and has its own unique vibe to describe what it feels like to move. All three of the towns have less than 1,000 households. Located north of San Antonio, this city has 5,371 people living in it. Save my name, email, and website in this browser for the next time I comment. 6 Reasons Why, Why Are Polo Cars so Expensive? Read more about Grapevine, Texas. We compared the various Texan metropolitan areas using data from several platforms to measure variable criteria for home affordability, healthy employment and population growth. Goods and services cost about 21% more compared to national averages, while housing expenses are nearly double. Former First lady of the United States, Laura Bush, calls Midland her hometown. 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. 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. Despite the name, Hilshire Village is a city rather than a village, though to be fair, its population is counted in the high hundreds. Bellaire is a wealthy city in Texas, known for its high incomes and closeness to Houston. As a result, only 6% of residents live below the poverty line less than one-third of the nationwide rate! With a median household income of $106,475, Allen is located in Collin County which is a suburb of Dallas. If University Park is out of your price range, dont worry, the top ten has a place for everyone. The neighborhood with the highest median income, University Park, was named the richest neighborhood in Dallas. With a median household income of $105,806, Pearland is yet another popular place for people to escape the business of downtown Houston. Former First lady of the United States, Laura Bush, calls Midland her hometown. Commutes are short with an average time of just 12 minutes, and the community enjoys excellent health thanks to low obesity rates and long life expectancy. And since people with good jobs usually also have health insurance, West University place also has the 2nd highest rate of insured residents in the state. The 10 Richest Neighborhoods In Dallas, TX For 2022 - HomeSnacks Nearby New Braunfels and Fredericksburg can also be attractive places to live if you enjoy small-town charm. The company analyzed four factors to arrive at that conclusion: poverty rate, median household income, and unemployment rate, as well as where the richest of the rich live.. (Tip: Get the chicken-fried steak. 1 moving destination. The citys largest private employer is SpaceX with over 1,600 employees that help build rockets and spacecraft. The Richest Small Town in Every State | GOBankingRates Richest Cities in Texas. 10 Reasons Why, Why Are Jeeps so Expensive? Texas counties ranked by per capita income[ edit] Note: Data is from the 2010 United States Census Data and the 2006-2010 American Community Survey 5-Year Estimates. Many families in Bellaire earn six figures thanks to job opportunities brought by Houston companies like Mattress Firm and Designer Mattress Warehouse. The residents take pride in their diverse heritage which includes German, English, Irish, Polish, and Italian roots. Is the school system way above average? Speaking of which, Hunters Creek Village is another one of the Memorial Villages that can be found in western Houston. No cities in the Austin-area appear on the list. Terrell Hills - $181,979. 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. Nestled within the HoustonThe WoodlandsSugar Land metropolitan area and southwestern Harris County, this city has a population of around 15,600 people. 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. 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. Towns Populations between 1,000 and 5,000. Besides this point of interest, it should be mentioned that West University Place offers a higher quality of life than most of its counterparts in the state thanks to its status as a bedroom community for upper-class families. Its super safe here and the schools are the best in the state when you measure performance and the budget they have. The median household income among the top 50 cities was $117,157. Editorial Note: We earn a commission from partner links on Forbes Advisor. If you want to live on the Gulf of Mexico or enjoy beach destinations, look no further than Corpus Christi. People here also love its safety as its one of the most securest places to live in Texas with very low crime rates. One of the best things about Allen is that it is 30 miles north of Dallas which means that living there will give you the benefits of the world-class amenities of Dallas but still come home to a smaller town that embodies a great, community feel. 70.00% of the richest cities in Texas were aged 25 to 44. We and our partners use cookies to Store and/or access information on a device. 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. West University Place is often called The Neighborhood City because it mostly serves as a residential community for upper-class families. Highland Park features parks such as Armstrong Park and Glencoe Park with playgrounds and picnic spaces, while Exall Park offers swimming pools, tennis courts, and jogging trails for leisure activities. This site uses Akismet to reduce spam. 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. There are two major business hubs in the area which are the Lakeside Business District and the Denton Creek District. 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. 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. It is surrounded by two bodies of water that enable visitors and residents to bask in the sun and enjoy water sports. 7 Best Small Towns to Live in Texas | Small Texas Cities - HOMEiA The . Best Places To Live In Texas In 2022 - Forbes Advisor Additionally, the city's unemployment rate of about 8% makes it one of the lowest in the state of Texas. This small town has a rich and royal history. Related: 10 Affordable (And Booming) Cities For College Grads To Buy A Home. Celina (Dallas-Fort Worth) 4. The bar scene is also something to experience from classic bars like La Carafe to the unique charity bar Angel Share HTX. 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. However, Austin is still a top 10 destination for American movers, according to a the latest Top Moving Destinations report from Penske Truck Rental. The 10 Wealthiest Cities in Texas Based on Census Report 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. Bellaire (Wealthiest Cities in Texas)- $206,734. [1] [2] See also [ edit] Image Credit: Getty Images. Many people living here report their race to be White, followed by Asian. Your financial situation is unique and the products and services we review may not be right for your circumstances. Terrell Hills (San Antonio) 2. Data USA: https://datausa.io/profile/geo/texas#economy, Investopedia:https://www.investopedia.com/median-income-by-state-5070640, Income by Zip Code:https://www.incomebyzipcode.com/texas, Census:https://www.census.gov/quickfacts/TX, Your email address will not be published. The 10 Richest Cities in Texas (Updated for 2020) - Money Inc So, go grab your tex-mex and a margarita as we take a quick look at the top ten. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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. Leading employers include retail giant Bass Pro Shops and Prosper Independent School District, which caters to over 10,000 students across 11 schools in town. 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. Northwest San Antonio's 78257 also placesan area of town just to the east of Fiesta Texasand the aforementioned West Lake Hills in Austin is there, as well. Still, not right, but well go with it for now. Read more about Fredericksburg, Texas. This charming city has a median household income of $79,444. Terrell Hills. Here are the 10 richest cities in Texas, as determined by HomeSnacks. Prosper even hosts many of Texas top 1% earners, with 0.5% of households making over $1M annually a number far higher than the states 0.2%. Alamo Heights has a diverse population, high-quality public schools, and hot markets for both jobs and housing. Yes. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. With one of the lowest unemployment rates in Texas at just 8%, Bellaire attracts families who appreciate financial stability. 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. 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. Austin Austin is one of the best places to. Here are the 10 richest neighborhoods in Texas. The Lone Star State truly provides everything that people are looking for which is a perfect blend of urban and rural living in a highly affordable area. Due to the timing, Hilshire Village wasnt incorporated into Houston in the same manner as its unincorporated surroundings. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Texasall 270,000 square miles of ithas no shortage of travel appeal. Another Dallas-Fort worth suburb, Colleyville is a city of 26,766 with across the board strong statistics. Move over, Manhattan. First, it's the hometown of the former U.S. President, Lyndon B. Johnson. The 16 Richest Cities in Texas (2022) - anntuilshopping.com Midland currently has a population of around 150,000 and is thought of as a relatively small town. 10 Wealthiest Cities in Texas Based on Median Income 2023 - Newshub360.net Josh Patoka has been a personal finance writer since 2015. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. So Expensive 2023. 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. Dallas' rank remained the same year-over-year from the previous report at No. 10. Prosper - $146,733. With that said, what makes Mansfield stand out is the fact that it has been named one of the best places to live in the United States on more than one occasion. This is our ninth time ranking the. 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. Mansfield - $56,446. Here are . We firmly decided no, that just isnt fair. 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. 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. Top 10 Richest Cities in Texas 2023 - namecensus.com So what city topped the list? University Park is a Dallas suburb of 25,027 people that has a lot going for it. 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. 3 Texas Towns Among 25 Wealthiest in America (and It Could Be More) The affluent alcove some five miles northeast of downtown San Antonio topped HomeSnacks 2020 and 2019 lists of the Lone Star States richest cities.
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