The young folks are doing quite well for themselves, because the median household income in Trophy Club is $155,635/year. These figures are all relative to one another. Copyright 2021 by KPRC Click2Houston - All rights reserved. The median family income in this town is $165K, and the per capita income stands at $101K, with households earning a median of $206.7K. This compensation comes from two main sources. 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. currently successful businessman Nolan Ryan, Related Article: Most Expensive Tequilas in the World, The 10 Most Expensive Clarinets In The World. The 10 Best Small Towns To Live In Texas For 2022 Spring Valley Village Rollingwood Hollywood Park Southside Place Bunker Hill Village Taylor Lake Village Castle Hills Piney Point Village Olmos Park The Hills What's the best small town in Texas? This city is also known as a settlement area for pioneers back in the day which makes it very historic. 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. Visit Royer Round Top Caf, a family-run institution since 1987, for a slice of one of their famed pies, such as the Original Buttermilk Pie and the Texas Trash Pie. 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. 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. 10 Reasons Why, Why Are Audi Cars So Expensive? This means that the neighborhoods in the city and the surrounding area vary significantly. Perhaps they're also a little relieved to learn that city is Houston. But, you get what you pay for. Were heading back down to the greater San Antonio area to arrive at our 2nd best city in Texas, Alamo Heights. To top it off, come summertime the local peaches are delightful. Something went wrong. Nearly all of its workforce (98%) holds white-collar jobs a number that surpasses the national average significantly. 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. The low cost of living is very attractive to retirees which is why they choose to relocate here. As such, while Bunker Hill Villages small size means that its residents cant expect to find it packed with amenities, they have convenient access to everything that can be found in their surroundings. All three of the towns have less than 1,000 households. 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. 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. With major employers like Ikea, Oracle, and T-Mobile, a lot of working professionals and executives call Frisco home. Tara Donne. Median Household Income: $75,886. - Frisco's Pet Project, Top 25 Motivational Quotes by Millionaires. Its also the 2nd most densely-populated city in Texas, which adds to the dynamism here. In order to make the list cities also had to have a population of at least 5,000. This citys population was 31,292 and its located in parts of northeast Tarrant County and northwest Dallas County. West University Place came into existence because of a former governor of Tennessee named Ben Hooper. However, many renters do not get such a policy. 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. San Antonio also appeared ahead of Austin at No. I have lived in Houston, Texas and Chicago, Illinois for a combined 35 years. Josh Patoka has been a personal finance writer since 2015. Highland Park in Texas is a rich city known for its lovely neighborhoods and high incomes. Based on the name, it should come as no surprise to learn that Southern Methodist University is a private Methodist research university. This is rather interesting considering the places humble beginnings. We firmly decided no, that just isnt fair. 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. Sugar Land is the largest city in Fort Bend County and is considered one of the most affluent and fastest-growing in the state. Former First lady of the United States, Laura Bush, calls Midland her hometown. We used science to determine which places in the Lone Star State are the real superstars. Known for the abundant fishing nearby, it's a treasure trove of boating charters and fresher-than-fresh seafood restaurants located just steps from the marina. 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. 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. Highland Park The richest city in Texas is Highland Park. You might be using an unsupported or outdated browser. 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. However, Austin is still a top 10 destination for American movers, according to a the latest Top Moving Destinations report from Penske Truck Rental. You can find out more about him on LinkedIn or his website. 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. The affluent alcove some five miles northeast of downtown San Antonio topped HomeSnacks 2020 and 2019 lists of the Lone Star States richest cities. 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. Known as one of the best places to retire in the United States, Atascocita is known for relaxed and stress-free living at its finest. In short, Piney Point Village was settled when the railroad came through with the result that German farmers settled in the region. For foodies, this area has a bustling restaurant scene that features traditional Texan food as well as different cuisines from all over the world. Yes. Beautiful homes can be found all around Terrell Hills, some dating back to the 1920s while others are newer constructions. 1. People who live here say Flower Mound is a beautiful town with a heart of gold. Image Credit: Getty Images. Many households here earn at least $50K annually, making it an attractive place to call home. Theyre no stranger to our lists as they took the top spot last year and rank as one of the wealthiest places in Texas. Thirteen percent of homes in the area are worth more than $1 million, and 5% of residents earn . The town square has restaurants featuring different cuisines. Plano is very unique because you will find a mix of tall skyscrapers and at the same time enjoy vast fields of greenery that enable you to enjoy the outdoors. The State of Texas comprises 254 counties and 1,216 incorporated cities. 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. 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 . 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. The data in the sample should be in order. Located north of San Antonio, this city has 5,371 people living in it. Mansfield is one of the numerous communities that make up the Dallas-Fort Worth Metroplex. 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. With a low crime rate, affordable cost of living, and high accessibility to world-class amenities like restaurants, bars, and theaters, Plano is one of the up-and-coming cities in Texas where people relocate into. The city prides itself on being family-friendly and is a vibrant community of families and professionals. 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. [1] [2] See also [ edit] Table of Contents show. 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. 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. Many Americans relocated to Texas Sunbelt region in 2022. And having the 11th lowest rate of poverty in Texas means that everyone in Trophy Club gets in on the good times. All rights reserved. Most Affluent Small Cities: 50,000 to 100,000 Residents. 9, which is a three-place drop from 2021 when the city ranked No. He uses his professional and personal experience to help families save money and pay off debt faster. 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. Is the school system way above average? Lucas. The consent submitted will only be used for data processing originating from this website. 20.00% of the richest cities in Texas were aged 45 to 64. Alamo Heights, part of the greater San Antonio Metropolitan area, is among Texas wealthiest cities. Folks in Keller earn the 13th highest salaries in Texas, with a median household income of $149,342. 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. 10 Reasons Why, Why Is WeatherTech Shipping So Expensive? 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. Round Rock is also home to minor league baseball franchise, the Round Rock Express. Your financial situation is unique and the products and services we review may not be right for your circumstances. 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. Some people associate Texas with western and cowboy movies, and if you are looking for a city in the state that closely resembles that, then Midland is the place for you. 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. Located in North Austin, Round Rock is home to the Dell Technologies employee campus which boasts of more than 150,000 employees. We ranked each place in Texas across a number of criteria from one to 341, with one being the best. 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. 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%. 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. 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. Cities with between 50,000 and 100,000 residents had top 50 median household incomes ranging from between $107,908 and $174,003. 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. 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. 10 this year, which is a one-place drop from the 2021 report. The reason why the city is called Round Rock is because of a significant round rock that sits on the waters of Brushy Creek. The song choices are intended to help people look forward to the journey ahead, according to Malloy. The history of this city dates back to the mid-1800s; however, it was incorporated in 1946. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Important ancestries here include German, English, Irish, Polish, and Italian roots. When compared to the wealthiest cities in California, the median household income is less than half that of California. All those fancy diplomas really pay off for residents, because at $250,001/year, West University Place has the highest median income in Texas. Compared to many other states, Kentucky has low, Read More The 20 Safest Places to Live in KentuckyContinue, In every city, there are desirable areas and locations that people want to avoid, and this applies to Dallas, Texas. So what city topped the list? 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. The poverty rate among immigrant Asian minors - those under the age of 18 - was slightly higher, at 16%. If youre looking to move or invest in the state, knowing where the wealthiest cities are located can be a great starting point. Surrounded by San Antonio and other neighboring cities with limited room for expansion, Alamo Heights maintains its close community vibe. This factor contributes to a low homeownership rate of 59%. Spring Valley Village is the best small town in Texas based on the most recent Census data. Meanwhile, 2022 was Houstons second consecutive year as the No. 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. With a median household income of $122,302, Frisco is home to some of the most affluent people in Texas. The area has a small-town atmosphere, but its close to big cities like University Park, Dallas, and Mesquite. One San Antonio suburb is cashing in as the richest city in Texas. 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. Does the Richest City in Texas Have an Animal Shelter? The median household income among the top 50 cities was $117,157. 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. People here also love its safety as its one of the most securest places to live in Texas with very low crime rates. 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? 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. Let's have a look at the list below. We aim to deliver bite-sized pieces of infotainment about where you live. West University Place is often called The Neighborhood City because it mostly serves as a residential community for upper-class families. 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. Median Income: $109,048. 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 . It takes some serious dough to live in these places! The name Rockwall is derived from the subterranean rock formation that surrounds the county. Nearby New Braunfels and Fredericksburg can also be attractive places to live if you enjoy small-town charm. Save my name, email, and website in this browser for the next time I comment. Read more about Marathon and Big Bend National Park. Those who like to be in the center of the action will find plenty to love in Alamo Heights. Townhomes and condos can also be found for people who prefer low-maintenance living. A new ranking from data provider HomeSnacks ranked the wealthiest cities in Texas for 2021. If you need help with the Public File, call (713) 778-4745. Our ratings take into consideration the city size, crime rate, unemployment rate and cost of living. The affluent suburb, just five miles northeast of downtown San Antonio, also topped HomeSnacks 2019 list of the richest cities in Texas. 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. Primarily, it is known for its very small population and its very high per capita income. Terrell Hills is a small, charming town in Texas with many wealthy residents. The Forbes Advisor editorial team is independent and objective. This is a whopping 13 times higher than in the poorest town of Macon, Miss., at. Texas tops list of one-way U-Haul destinations in 2022 Southlake topped the list with a median income of $239,833. This small town has a rich and royal history. The citys nickname is Sun City because of its year-round sunny, desert climate, which provides the opportunity for plenty of outdoor activities. And with Dallas right there, you can be in Americas largest urban art district in under 15 minutes. That work ethic really pays off for Colleyvilles residents, who earn the 9th highest pay in Texas, around $171,485/year. 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. And, maybe everyone is in a good mood because they never have to sit in traffic. University Park and Highland Park make up the Park Cities, which is an enclave of Dallas. Southlake - $240,248. Well, not only do these cities offer high-paying jobs, but they also tend to have a lower cost of living and better quality of life. 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. Mansfield is one of the numerous communities that make up the Dallas-Fort Worth Metroplex. The incorporated city of Flower Mound is considered the richest city in Texas. However, not all neighborhoods are the same. 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. Congratulations are in order for Southlake: The "small city" is the most affluent city of its size in America, according to a new study. The Richest NFL Owners in 2022: Where Does Jerry Jones Rank? The U.S. Census Bureau estimated 23.7 million Americans moved in 2022, which is about 4 percent more than in 2021. Alamo Heights may be small, covering just 4.77 km, but its home to about 8,374 residents who enjoy an enriched lifestyle. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. I have compiled a list of the top 10 richest cities in Texas according to their median household income. 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. Southlake, Texas is a prosperous city that stands out for its high median income of $240.2K. We'd love to hear from you, please enter your comments. 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. 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. Technically, Bunker Hill Village is an independent enclave that can be found in western Houston. No cities in the Austin-area appear on the list. Richest Cities in Texas. Tesla and John Deere are two of the most recent high-profile examples. 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. Located north of San Antonio, this city has 5,371 people living in it. The cities also had to have a population of at least 5,000. The median household income here is an impressive $180K per year and the per capita income stands at $78K. Alamo Heights Southlake Terrell Hills Fair Oaks Ranch Trophy Club The Woodlands Flower Mount 1. Terrell Hills (San Antonio) 2. Many areas in the city played a part in the states rich history which is why it holds an important spot in Texas. Its super safe here and the schools are the best in the state when you measure performance and the budget they have. Brownsvilles median income and estimated living expenses are less than the states major cities. 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. 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. The residents take pride in their diverse heritage which includes German, English, Irish, Polish, and Italian roots. If youre wondering where the best places to live in Texas are, our guide should make it easier to find your ideal community. This also equates to the economic growth of the city. The Brownsville-Harlingen metro is in the southeastern part of the state. More information about Penske's report can be found on pensketruckrental.com. Two well-to-do Houston-area communities also secured spots on the list. If University Park is out of your price range, dont worry, the top ten has a place for everyone. The only drawback is youd have to drive into Dallas or Fort Worth for work, and those places are not as charming. 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. 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. Southlake is home to many affluent residents and boasts the highest median household income among all cities listed here. Generally speaking, University Park is known for being home to Southern Methodist University, thus making it a center of education. Over half of the population in West University Place has a masters degree or higher, so you know that folks here arent dummies. Past performance is not indicative of future results. An example of data being processed may be a unique identifier stored in a cookie. Because of its strategic location, Missouri City is a great place to consider if you are thinking of relocating. 5) Round Rock A Yee/Flickr Round Rock recently made Livability.com's 2015 list of Best Affordable Cities in Texas. This site uses Akismet to reduce spam. With its strong sense of community and high incomes all around, West University Place remains one of Texas wealthiest cities. You betcha. Next up #7: Southlake a Dallas/Fort Worth suburb located about 25 miles north of the city centers near DFW airport. Things like the best schools and lowest crime rates that people generally desire when moving to a new place 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. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. 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. So Expensive 2023. The towns of Annetta, North Annetta and South Annetta all ranked among the Top 25 wealthiest places in North Texas. This small town has a rich and royal history. 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. Lake Travis is approximately 10 miles from Cedar Park and is frequented by residents and neighbors alike.
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