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. [1] [2] See also [ edit] Mansfield is one of the numerous communities that make up the Dallas-Fort Worth Metroplex. Because of its affluent population, this city has used a smart growth system in terms of urban planning. 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. 1. However, the city isnt all about cowboys and the iconic images of Old Texas.. Many Americans relocated to Texas Sunbelt region in 2022. 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. Moneyed individuals dont often go in for crime, and that holds true in University Park, where violent crime is the 3rd lowest in Texas and the total crime rateis 50% lower than the national average. The median home value in this city is $623.5K more than triple compared to both Texas and the nations overall figures. On top of all these things, if you are lucky enough to live in one of these cities, you might find out that your neighbor is somebody famous in the entertainment or sports world. Each playlist is under an hour and a half long, and has its own unique vibe to describe what it feels like to move. 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. Primarily, it is known for its very small population and its very high per capita income. Here are the best small towns in Texas. We firmly decided no, that just isnt fair. Southlake, Texas is a prosperous city that stands out for its high median income of $240.2K. The town square has restaurants featuring different cuisines. Although the unemployment rate is low at just 3.4%, living costs in this city are higher than average. With one of the lowest unemployment rates in Texas at just 8%, Bellaire attracts families who appreciate financial stability. They also come with apt names: Pack It Up, Moving on Mix, Forwarding Address, and Make This House, Home.. 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 data comes from the U.S. Census Bureau's 2008-2012 American Community Survey 5-Year Estimates. Here Are The 10 Richest Cities in Texas. Texas is ranked twenty-fifth among US states by median household income, with a per capita income of $19,617 (2000). Back in the day, Mansfield was known to be a rural farming community that was a great contributor to the Texas economy. Bush and George W. Bush also called Midland home for a number of years. 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. Continue with Recommended Cookies. All cliches aside, theres a serious problem with overcrowding, skyrocketing prices, and the infamous crime rates. Highland Park - $211,136. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. Home prices in Flower Mound are the 10th most expensive in Texas, at around $376,500. 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. This site uses Akismet to reduce spam. Its also the place with the 3rd highest rate of insured residents in Texas, with 98.4% of people being covered. The team is owned by former Major League pitchers and currently successful businessman Nolan Ryan. This city is also known as a settlement area for pioneers back in the day which makes it very historic. Many people living here report their race to be White, followed by Asian. Because of careful planning and urban development, over three-quarters of Planos residents live within a 10-minute walk from either a nature park or trails. Required fields are marked *. 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. Bellaire - $206,734. You can see those two top tens at the bottom of the post. Information provided on Forbes Advisor is for educational purposes only. Amarillo is the largest economic hub in the Texas panhandle and is conveniently located on Interstate 40. While there's an innumerable amount of places and sights worth giving a visit, we've rounded up our favorite Texas towns to help make the 270,000 square miles feel a little bit smaller. It is where the headquarters of Imperial Sugar is located, which is a sugar refinery and distribution center. ins.style.display='block';ins.style.minWidth=container.attributes.ezaw.value+'px';ins.style.width='100%';ins.style.height=container.attributes.ezah.value+'px';container.appendChild(ins);(adsbygoogle=window.adsbygoogle||[]).push({});window.ezoSTPixelAdd(slotId,'stat_source_id',44);window.ezoSTPixelAdd(slotId,'adsensetype',1);var lo=new MutationObserver(window.ezaslEvent);lo.observe(document.getElementById(slotId+'-asloaded'),{attributes:true});You might have come here expecting to see Dallas and Houston, but even though those cities offer up a ton to residents, its actually better to live outside the cities and commute. Before leading business and investment advisory services for over 25 years, I got a Ph.D. in Economics and taught at the university level. 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. Forget Beverly Hills. If youre looking at areas in Texas with the best economic situations, where theres lower than average crime, and a lot to do, this is an accurate list. 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. This means that the neighborhoods in the city and the surrounding area vary significantly. Its sister city is Ciudad Juarez, Mexico. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Terrell Hills is a small, charming town in Texas with many wealthy residents. Please try again later. The city recently built a $60 Million dollar football stadium for its high school team. Residents of Allen like spending time outdoors and with over 60 natural and man-made parks, there are plenty of areas where people can enjoy themselves. Theres plenty to do if you live in Southlake. Next on our list of the wealthiest cities in Texas is Cedar Park which is a major suburb of Austin. Sports fans can enjoy a minor league baseball team and the teams at the University of Texas at El Paso (UTEP). Here are the 10 richest cities in Texas based on per capita income. In order to make the list cities also had to have a population of at least 5,000. These 10 affluent Texas cities cash in as the richest places in the state, SXSW 2014 spotlight: CultureMap presents 30 Days, 30 Artists, Lincoln Properties The Grand Residences at The Domain, A diner with the "world's rudest service" is coming to Austin soon, Mexico City restaurant group opens second U.S. location in Southwest Austin, New hotel finds a home in the heart of downtown Austin, Austin was a top 10 destination for movers in 2022, study says. Generally speaking, University Park is known for being home to Southern Methodist University, thus making it a center of education. Based on the name, it should come as no surprise to learn that Southern Methodist University is a private Methodist research university. The . Household income is generally used as a guideline to measure whether an area is economically healthier than other areas. Here are the 10 wealthiest cities in Texas in 2021, according to HomeSnacks: 1. Does the Richest City in Texas Have an Animal Shelter? 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. This also equates to the economic growth of the city. There are two major business hubs in the area which are the Lakeside Business District and the Denton Creek District. Missouri City is conveniently located minutes away from Downtown Houston and has all the amenities that the big city has to offer. 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. Southside Place incorporated in June of 1931, which is why it wasnt swallowed up by Houston like much of its surroundings. Located only about half an hour from San Antonio and less than two hours from Austin, the town is largely centered around a lively downtown district known as the Hill Country Mile, which consists of the Main Street drag lined with dozens of antiques shops and specialty stores, including The Dienger Trading Co. Read more about Boerne, Texas. Most homes in this area are single-family houses that range from $500K to over $10M. The neighborhood with the highest median income, University Park, was named the richest neighborhood in Dallas. 10 Reasons Why, Why Are Jeep Wranglers So Expensive? It is named thus because it was situated so close to Rice Institute, which is now called Rice University. - Frisco's Pet Project, Top 25 Motivational Quotes by Millionaires. The poverty rate among immigrant Asian minors - those under the age of 18 - was slightly higher, at 16%. Missouri City is conveniently located minutes away from Downtown Houston and has all the amenities that the big city has to offer. Here are . Nearly all of its workforce (98%) holds white-collar jobs a number that surpasses the national average significantly. Now read on to see the details behind the rankings and a closer look at the top ten cities being featured in our Friday Night Lights for 2022. Richest Cities in Texas. The consent submitted will only be used for data processing originating from this website. Terrell Hills - $181,979. Home to Heisman Trophy winner and current Arizona Cardinals QB, Kyler Murray, Allen has a rich football tradition. This factor contributes to a low homeownership rate of 59%. Here are the 10 richest cities in Texas based on per capita income. Briana Zamora-Nipper joined the KPRC 2 digital team in 2019. Thats okay though, because University Park residents are also the 4th best paid in the state, pulling in around $218,611/year. While lots of people living in Prosper commute for work, the city does offer employment opportunities within its boundaries as well. We and our partners use cookies to Store and/or access information on a device. 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. 16. As the most densely-populated city in Texas, West University Place is sure to have enough activity even for your most social of social butterflies. 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. (Tip: Get the chicken-fried steak. Sitting in Collin County, Melissas residents have a per capita income of $38.1K, making them wealthy relative to the rest of Texas and the nation. Most Affluent Small Cities: 50,000 to 100,000 Residents. Alamo Heights has a diverse population, high-quality public schools, and hot markets for both jobs and housing. Let's have a look at the list below. Terrell Hills is joined by one other San Antonio suburb, plus six cities from the Dallas-Fort Worth area and two from Houston. Despite the name, Hilshire Village is a city rather than a village, though to be fair, its population is counted in the high hundreds. North Texas. The city is located in proximity to most amenities that you would need and offers real cost savings to business owners. I also traveled to 40+ states on business and pleasure, and love writing about the great cities and small towns across the US. 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. The city prides itself on being family-friendly and is a vibrant community of families and professionals. As a rapidly growing state, Texas has become a hub for economic opportunities and prosperous cities. It is the central business hub and both the Houston Astros and the Houston Rockets call downtown Houston their home. The following list illustrates the top 16 Richest Cities in Texas with each one boasting world-class amenities, access to high-end stores, top-rated schools, and lower crime rates. Is the crime rate among the lowest in the state? 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. We aim to deliver bite-sized pieces of infotainment about where you live. The city also has a vibrant Hispanic culture and is home to an arts district as well as several theme parks. We used science to determine which places in the Lone Star State are the real superstars. The icing on the cake is the beautifully preserved Texas nature that is unrivaled. Former First lady of the United States, Laura Bush, calls Midland her hometown. Missouri City is one of the wealthiest towns in Texas, with a median household income of $76,572. Located north of San Antonio, this city has 5,371 people living in it. Combined with home prices of around $444,800, Trophy Club actually has the lowest overall cost of living among the cities featured here. In the historic downtown, you'll find winery tasting rooms and plenty of shopping. Surrounded by San Antonio and other neighboring cities with limited room for expansion, Alamo Heights maintains its close community vibe. With a median household income of $106,475, Allen is located in Collin County which is a suburb of Dallas. This small town has a rich and royal history. Is the school system way above average? 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. This is a whopping 13 times higher than in the poorest town of Macon, Miss., at. Due to the timing, Hilshire Village wasnt incorporated into Houston in the same manner as its unincorporated surroundings. Texas is a popular destination for working families and retirees for a variety of reasons. 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. For foodies, this area has a bustling restaurant scene that features traditional Texan food as well as different cuisines from all over the world. Many areas in the city played a part in the states rich history which is why it holds an important spot in Texas. It is also used to compare living conditions between geographic regions. California also led this list with 23 of the top 50, followed by Minnesota with four cities . With major employers like Ikea, Oracle, and T-Mobile, a lot of working professionals and executives call Frisco home. 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. There are plenty of shopping and restaurant options, especially in the downtown area. Bloomberg created and ordered this list by annual household income. This small town covers 9.324 km and has about 18,815 people living there. You might be using an unsupported or outdated browser. 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. Alamo Heights may be small, covering just 4.77 km, but its home to about 8,374 residents who enjoy an enriched lifestyle. 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. 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. To top it off, come summertime the local peaches are delightful. When you click through real estate links on our site, we earn an affiliate commission. The 10 Richest Cities in Oklahoma According to Census Report, The 10 Richest Cities in Indiana Based on Census Data, The 10 Most Expensive Suburbs in Melbourne, 10 Wealthiest Cities in North Carolina Based on Census Report, The 10 Richest Cities in Oregon According to Census Bureau, The 10 Wealthiest Cities in New York State: Census Data, 10 Wealthiest Cities in Maryland Based on Census Report, The 10 Wealthiest Cities in Missouri Based on Census Report, The 10 Wealthiest Cities in Alabama According to Census Data, Why Are Movado Watches So Expensive? Located south of Houston, Pearland has a thriving culinary scene, year-end social events, and old-fashioned Texan culture. Cities with between 50,000 and 100,000 residents had top 50 median household incomes ranging from between $107,908 and $174,003. If University Park is out of your price range, dont worry, the top ten has a place for everyone. The richest zip code in Texas is 77010 which is located near Downtown Houston in Harris County. Next up #7: Southlake a Dallas/Fort Worth suburb located about 25 miles north of the city centers near DFW airport. Nowadays, Olmos Park remains an enclave of said city with the result that its residents often make use of services situated elsewhere. Two well-to-do Houston-area communities also secured spots on the list. San Antonio suburb Terrell Hills earned the distinction a the states wealthiest city -- yet again. West University Place - $250,001. How is Median Household Income calculated? This is rather interesting considering the places humble beginnings. Your financial situation is unique and the products and services we review may not be right for your circumstances. Population: 46,885Rank Last Year: 10 (Up 2)Median Home Value: $412,800Unemployment Rate: 3.3%More on Keller: Real Estate|Crime Report|Cost Of Living. 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. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. Go to our real estate page or subscribe to our free weekly newsletter, House 2 Home. San Antonio also appeared ahead of Austin at No. In coming up with a list of the wealthiest cities in Texas, the main consideration is Median Household Income. Terrel Hills, a city of some 5,371, has a median household income of almost $181,979, an unemployment rate of 1.2 percent and 0.7 poverty rate. 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. Table of Contents show. Noted for its consistently high-ranking public schools, youd better believe kids who grow up in Colleyville get off on the right foot. Richest town in Texas Bunker Hill Village, $247,188; Richest town in Washington Clyde Hill, $238,958; Richest town in Maryland . 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. That would be University Park. 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. If we could measure the most Cowboy hats and Cowboy fans per square mile, heck wed measure that too. Alamo Heights Southlake Terrell Hills Fair Oaks Ranch Trophy Club The Woodlands Flower Mount 1. But why focus on the wealthiest places in Texas? 10 this year, which is a one-place drop from the 2021 report. Editors Note: We updated this article for 2022. 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. 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. Read more about Fredericksburg, Texas. Austin is one of the best places to live in Texas for its diverse culture and outdoorsy activities. West University Place came into existence because of a former governor of Tennessee named Ben Hooper. Additionally, the city's unemployment rate of about 8% makes it one of the lowest in the state of Texas. To narrow down the richest cities in Texas, we looked at several factors: poverty rate, median household income, unemployment rate; and obviously, where the richest of the rich live. 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. Bellaire (Wealthiest Cities in Texas)- $206,734. 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. Bellaire is a wealthy city in Texas, known for its high incomes and closeness to Houston. Population: 15,589Rank Last Year: 1 (Down 2)Median Home Value: $1,179,700Unemployment Rate: 6.1%More on West University Place: Real Estate|Crime Report|Cost Of Living. In all, we analyzed the 341 places in Texas over 5,000 people for this study. The only drawback is youd have to drive into Dallas or Fort Worth for work, and those places are not as charming. 1. The young folks are doing quite well for themselves, because the median household income in Trophy Club is $155,635/year. 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. 10 Reasons Why, Why are Mercedes Cars so Expensive? Not to mention, you're rarely ever further than a quick walk or golf-carting traipse away from the beach. The reason why the city is called Round Rock is because of a significant round rock that sits on the waters of Brushy Creek. Ranking as one of the best places to live in Texas and second-best in the San Antonio metropolitan area (behind Terrell Hills), Alamo Heights is indeed one of the states richest enclaves. Manage Settings The city also has plenty of history to accompany the coastal lifestyle. 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. Despite higher costs, Southlake offers excellent job opportunities, beautiful homes, top-rated schools, and relatively low living expenses. With its strong sense of community and high incomes all around, West University Place remains one of Texas wealthiest cities.