Many Americans relocated to Texas Sunbelt region in 2022. Median Household Income: $75,886. Dont worry about a dearth of activity here, because in just 30 minutes you can find yourself at Fort Worths Sundance Square, where the nightlife is popping. The affluent suburb, just five miles northeast of downtown San Antonio, also topped HomeSnacks 2019 list of the richest cities in Texas. (Tip: Get the chicken-fried steak. Josh Patoka has been a personal finance writer since 2015. And, maybe everyone is in a good mood because they never have to sit in traffic. California also led this list with 23 of the top 50, followed by Minnesota with four cities . 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. One San Antonio suburb is cashing in as the richest city in Texas. It boasts world-class amenities and entertainment venues that can rival any big city. Alamo Heights, part of the greater San Antonio Metropolitan area, is among Texas wealthiest cities. Allen is, by all accounts, a football town. This small town has a rich and royal history. We firmly decided no, that just isnt fair. Austin only ranked No. Its also a great jumping off point for getting to Natural Bridge Caverns, Texas largest underground attraction and a serene, but strangely eerie, spot to spend the day. The residents take pride in their diverse heritage which includes German, English, Irish, Polish, and Italian roots. San Antonio is best known for its River Walk and the Alamo. Each playlist is under an hour and a half long, and has its own unique vibe to describe what it feels like to move. 10:08 AM on Mar 17, 2021 CDT. It is also used to compare living conditions between geographic regions. In this blog post, well take a look at the top 10 wealthiest cities in Texas based on median household income. We'd be remiss to ignore Texas' Gulf Coast, and Port Aransasa town of around 4,000can be found on Mustang Island, a barrier island just off the mainland. The area has a small-town atmosphere, but its close to big cities like University Park, Dallas, and Mesquite. 6 Reasons Why, Why Are Polo Cars so Expensive? One of the greatest things about Flower Mound is the extensive trail system that was developed by the municipal government. The neighborhood with the highest median income, University Park, was named the richest neighborhood in Dallas. 16. Pearland is one of the up-and-coming cities in Texas that has undergone tremendous growth over the last few years. Go to our real estate page or subscribe to our free weekly newsletter, House 2 Home. Are you sure you want to rest your choices? Learn how your comment data is processed. Briana Zamora-Nipper joined the KPRC 2 digital team in 2019. The cities also had to have a population of at least 5,000. You betcha. In the report, Penske Senior Vice President Kevin Malloy said its always exciting to find out where the companys customers are moving with each new release. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Bellaire - $206,734. We then decided, no matter how much anyone loves their town, the best cities to live in Texas have more of everything and therefore you need to have over 5,000 people to truly be the best. 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. How To Find The Cheapest Travel Insurance, 10 Affordable (And Booming) Cities For College Grads To Buy A Home, Guide To Down Payment Assistance Programs. That would be University Park. 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. 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. If you're looking for old-fashioned fun, Boerne (pronounced BUR-nee) is the place to grab a Coke float and feel like you've been transported back in time. This citys population was 31,292 and its located in parts of northeast Tarrant County and northwest Dallas County. As a rapidly growing state, Texas has become a hub for economic opportunities and prosperous cities. With major employers like Ikea, Oracle, and T-Mobile, a lot of working professionals and executives call Frisco home. 10 Reasons Why, Why are Mercedes Cars so Expensive? Next up #7: Southlake a Dallas/Fort Worth suburb located about 25 miles north of the city centers near DFW airport. 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. With one of the lowest unemployment rates in Texas at just 8%, Bellaire attracts families who appreciate financial stability. 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. With a great climate all year round, Lake Travis is a premier place for water sports and activities. 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. Townhomes and condos can also be found for people who prefer low-maintenance living. University Park is a Dallas suburb of 25,027 people that has a lot going for it. Part of the Southern Living team since 2017, Kaitlyn Yarborough is a Georgia native living in Austin, Texas, who covers a wide variety of topics for both the magazine and website, focusing on culture and lifestyle content, as well as travel in the South. The company, which only considered places with a population of at least 5,000, analyzed several factors to determine where the states 1 percent live: poverty rate, median household income, and unemployment rate, as well as a look at where the richest of the rich live. All in all, 353 of the states communities were included in the ranking. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. But, you get what you pay for. Your financial situation is unique and the products and services we review may not be right for your circumstances. Community amenities such as outdoor activities, public transit and healthcare access also play a factor. The list below shows all of the top age brackets for the richest cities in Texas. Celina is a wealthy city in Texas, where residents earn high salaries and enjoy a comfortable lifestyle. 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. Let's have a look at the list below. 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. There are plenty of corporations that are headquartered in Plano including Frito-Lay, Dell Services, Pizza Hut, and Cinemark Theatres. All cliches aside, theres a serious problem with overcrowding, skyrocketing prices, and the infamous crime rates. 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. Youd better believe it. People who live here say Flower Mound is a beautiful town with a heart of gold. Here are . 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. Back in town, Marathon's center of gravity is undoubtedly the Gage Hotel, a carefully restored historic property opened in 1927 by wealthy local rancher Alfred Gage, which is the perfect spot to wind down after a day of hiking. > 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. And with Dallas right there, you can be in Americas largest urban art district in under 15 minutes. It takes some serious dough to live in these places! This charming city has a median household income of $79,444. Population: 9,143Rank Last Year: 5 (Up 1)Median Home Value: $1,451,300Unemployment Rate: 3.9%More on Highland Park: Real Estate|Crime Report|Cost Of Living, An affluent suburb of the Dallas-Fort Worth metroplex, Trophy Club comes in as the 5th best place to live in Texas for 2022. Next on our list of the wealthiest cities in Texas is Cedar Park which is a major suburb of Austin. 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';} Located north of San Antonio, this city has 5,371 people living in it. 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. This means that the neighborhoods in the city and the surrounding area vary significantly. Because of its proximity to Austin, people who live in Cedar Park have premier access to Austins amenities and there are a plethora of things that you can do. Household income can include employment salary, self-employment earnings, Social Security benefits, pension, investment income, retirement income, and all income coming from other sources. Fair Oaks Ranch, a city in Bexar and Comal counties in Texas, is part of the San Antonio Metropolitan Statistical Area. Two well-to-do Houston-area communities also secured spots on the list. Carrollton is a safe neighborhood and has more than 28 miles of hiking trails. With a median household income of $106,475, Allen is located in Collin County which is a suburb of Dallas. 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. The icing on the cake is the beautifully preserved Texas nature that is unrivaled. 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 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. Image Credit: Getty Images. A town of only 1,724 people, Salado is situated halfway between Austin and Waco. That work ethic really pays off for Colleyvilles residents, who earn the 9th highest pay in Texas, around $171,485/year. 6. We and our partners use cookies to Store and/or access information on a device. Lakeway. Our ratings take into consideration the city size, crime rate, unemployment rate and cost of living. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. 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. The name Rockwall is derived from the subterranean rock formation that surrounds the county. Back in town, Marathon's center of gravity is undoubtedly the Gage Hotel, a carefully restored historic property opened in 1927 by wealthy local rancher Alfred Gage, which is the perfect spot . 10 Reasons Why, Why Is PXG Shipping So Expensive? currently successful businessman Nolan Ryan, Related Article: Most Expensive Tequilas in the World, The 10 Most Expensive Clarinets In The World. It is surrounded by two bodies of water that enable visitors and residents to bask in the sun and enjoy water sports. The history of this city dates back to the mid-1800s; however, it was incorporated in 1946. Imperial Sugar is ingrained in the history of Sugar Land which is why the companys crown logo is featured in the citys seal. Technically, Bunker Hill Village is an independent enclave that can be found in western Houston. Missouri City is conveniently located minutes away from Downtown Houston and has all the amenities that the big city has to offer. Alamo Heights may be small, covering just 4.77 km, but its home to about 8,374 residents who enjoy an enriched lifestyle. You can also find the largest water park in the whole country in Round Rock, Kalahari Resorts & Convention. 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. 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. The city has two major recreation centers: Joe Farmer Recreation Center and Don Rodenbergh Natatorium. People also congregate in this area to attend live events and concerts all year round. And about 3 in 4 people in Flower Mound have a college degree, so lots of people are smart. An upscale area located in central Dallas, this beautiful neighborhood possesses both a small-town atmosphere and big-city amenities. Alamo Heights - $141,048. The fact that Plano has plenty of nature to enjoy makes it desirable for families with children or young professionals who are looking to spend a lot of time outdoors. Midland is located in the Permian Basin, making it the epicenter of the Oil and Gas industry in Texas. For foodies, this area has a bustling restaurant scene that features traditional Texan food as well as different cuisines from all over the world. If youre looking for something more national, check out the best states in America or the best places to live in America. Perhaps they're also a little relieved to learn that city is Houston. In all, we analyzed the 341 places in Texas over 5,000 people for this study. This city is also known as a settlement area for pioneers back in the day which makes it very historic. It's also home to the oldest live music dance hall in Texas, known as Gruene Hall, which can be found in the historic district near beloved rustic eatery, the Gristmill River Restaurant & Bar. Secondly, it is famous for throwing one of the biggest holiday "lights spectacular" in the Southwith over one million twinkling lights draped across the town square and streets for visitors to stroll through or drive through with hot chocolate. In short, Piney Point Village was settled when the railroad came through with the result that German farmers settled in the region. West University Place came into existence because of a former governor of Tennessee named Ben Hooper. The only drawback is youd have to drive into Dallas or Fort Worth for work, and those places are not as charming. If you like big cities, they dont get much bigger than Houston. Folks in Keller earn the 13th highest salaries in Texas, with a median household income of $149,342. The Woodlands is a recent development in Texas that has around 28,000 acres filled with trees so theres always plenty of greenery to enjoy. According to the data we collected and our algorithms, University Park ranks as the best place to live in Texas for 2022. While there is plenty to love about the Austin-Round Rock metro area, the large influx of residents is causing a surge in real estate prices and cost of living, so thats something to keep in mind. All those fancy diplomas really pay off for residents, because at $250,001/year, West University Place has the highest median income in Texas. It has also undergone a light industrial growth to match the needs of its growing population. The median home value in this city is $623.5K more than triple compared to both Texas and the nations overall figures. Missouri City is one of the wealthiest towns in Texas, with a median household income of $76,572. Nestled within the HoustonThe WoodlandsSugar Land metropolitan area and southwestern Harris County, this city has a population of around 15,600 people. Big companies like Sabre Holdings, Neiman Marcus, and Santander Consumer USA have their homes in Southlake too. If we could measure the most Cowboy hats and Cowboy fans per square mile, heck wed measure that too. Bush and George W. Bush also called Midland home for a number of years. Due to its location, it is one of the bedroom communities that can be found in Houstons surroundings, though one that specializes in housing upper-middle as well as upper class families. So what city topped the list? 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. 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. Are poverty and unemployment rates hovering around 3%? Highland Village. 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. Wagons have used this as a marker to ensure that they can safely cross the creek. Heath. Cities with between 50,000 and 100,000 residents had top 50 median household incomes ranging from between $107,908 and $174,003. 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. There are a few suburbs that . That would be Northwest Dallas. 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.. Location-wise, it is interesting in that it is situated at around the same distance to both Dallas and Fort Worth, thus making it an excellent choice for people who commute to either one of those places. Many Americans relocated to Texas Sunbelt region in 2022, but Austinites may be surprised to see the city movers set as their destination. 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. Regardless if you are visiting or living in this zip code, you can enjoy numerous world-class amenities and entertainment options. The citys largest private employer is SpaceX with over 1,600 employees that help build rockets and spacecraft. Here are the 10 richest neighborhoods in Texas. 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. People here also love its safety as its one of the most securest places to live in Texas with very low crime rates. Goods and services cost about 21% more compared to national averages, while housing expenses are nearly double. For more Texas reading, check out: Most Dangerous Places In Texas Richest Cities In Texas Safest Places In Texas As a bonus, folks in University Park only commute 19 minutes to and from work, which is the shortest trip youll see on this list. Keller. Nearby New Braunfels and Fredericksburg can also be attractive places to live if you enjoy small-town charm. 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. There are also a lot of amenities for children like Fort Bend Childrens Discovery Center. There are a number of measurements that can be used to rank cities based on this criterion, but one of the best is per capita income. Now that we had our set of cities, it was time to rank them. Bellaire (Wealthiest Cities in Texas)- $206,734. Copyright 2023 Click2Houston.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings. The reason why the city is called Round Rock is because of a significant round rock that sits on the waters of Brushy Creek. With its strong sense of community and high incomes all around, West University Place remains one of Texas wealthiest cities. This is rather interesting considering the places humble beginnings. With picturesque views and traditional Texan home values, a lot of people enjoy living in Texas. Its also the 2nd most densely-populated city in Texas, which adds to the dynamism here. The main feature of this city is Lake Houston and it contains several golf clubs, country clubs, and several nature parks. 70.00% of the richest cities in Texas were aged 25 to 44. This also equates to the economic growth of the city. 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. And theres Summit Park on Main Street. 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. Highland Park (Dallas-Fort Worth) 3. Most homes in this area are single-family houses that range from $500K to over $10M. 10 Reasons Why, Why Are Jeep Wranglers So Expensive? As a result, only 6% of residents live below the poverty line less than one-third of the nationwide rate! Due to the timing, Hilshire Village wasnt incorporated into Houston in the same manner as its unincorporated surroundings. Frisco is considered one of the fastest-growing cities in Texas with residents flocking there in droves. 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. Speaking of which, Hunters Creek Village is another one of the Memorial Villages that can be found in western Houston. Downtown Houston is also home to the nationally recognized Houston Theatre District where you can find the Houston Ballet, Houston Grand Opera, Houston Symphony, and the Theatre under The Stars. So Expensive 2023. 10 this year, which is a one-place drop from the 2021 report. With a median home value of $1.3M in the area, its no wonder that Southlake ranks as one Americas wealthiest towns.
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