Celina (Dallas-Fort Worth) 4. The affluent alcove some five miles northeast of downtown San Antonio topped HomeSnacks 2020 and 2019 lists of the Lone Star States richest cities. 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. 10 Reasons Why, Why Is Aliexpress Shipping So Expensive? Most streets in West University Place are named after colleges, universities, and poetsgiving the area an academic charm. We understand just how hectic the moving experience can be and pride ourselves on putting the consumer first throughout the rental experience, he said. The poorest neighborhood? Marathon, Texas. 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. 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. That work ethic really pays off for Colleyvilles residents, who earn the 9th highest pay in Texas, around $171,485/year. Is the crime rate among the lowest in the state? There are two major business hubs in the area which are the Lakeside Business District and the Denton Creek District. As a result, it can be an affordable place for families to live. 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. 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. Southside Place incorporated in June of 1931, which is why it wasnt swallowed up by Houston like much of its surroundings. Every one of the top 20 towns have households that bring in at least $300,000 a year. 16 Richest Cities in Texas *Minimum population 60,000. Cities with between 50,000 and 100,000 residents had top 50 median household incomes ranging from between $107,908 and $174,003. The Richest NFL Owners in 2022: Where Does Jerry Jones Rank? Eventually, a community formed, situated very close to a sawmill that presumably meant a fair amount of economic benefit in those times. Alamo Heights may be small, covering just 4.77 km, but its home to about 8,374 residents who enjoy an enriched lifestyle. Sports fans can enjoy a minor league baseball team and the teams at the University of Texas at El Paso (UTEP). Folks in Keller earn the 13th highest salaries in Texas, with a median household income of $149,342. In the historic downtown, you'll find winery tasting rooms and plenty of shopping. This also equates to the economic growth of the city. This city is also known as a settlement area for pioneers back in the day which makes it very historic. Save my name, email, and website in this browser for the next time I comment. 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 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. Prosper even hosts many of Texas top 1% earners, with 0.5% of households making over $1M annually a number far higher than the states 0.2%. In any case, Hill Country Village is another one of the enclaves that can be found in the San Antonio Metropolitan Statistical Area. Living in Mansfeld will allow you to explore 900 acres of parkland, recreational activities for people of all ages, and a growing business community. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. The town square has restaurants featuring different cuisines. Fair Oaks Ranch, a city in Bexar and Comal counties in Texas, is part of the San Antonio Metropolitan Statistical Area. If youre looking to move or invest in the state, knowing where the wealthiest cities are located can be a great starting point. If youre looking for something more national, check out the best states in America or the best places to live in America. If youre curious enough, here are the worst places to live in Texas according to the data: ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){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. The data comes from the U.S. Census Bureau's 2008-2012 American Community Survey 5-Year Estimates. When you click through real estate links on our site, we earn an affiliate commission. Information provided on Forbes Advisor is for educational purposes only. Table of Contents show. 7. However, not all neighborhoods are the same. Two well-to-do Houston-area communities also secured spots on the list. At 39, Coppell has a lower median age than most places listed here, so we think residents Lego appreciation is proportionally higher. More information about Penske's report can be found on pensketruckrental.com. Well provide you with a brief overview of each citys economy and highlight some of the factors that contribute to their financial success. 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. 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. However, it teaches in a non-sectarian manner, which has presumably contributed to it having more Catholic students than Methodist students. Thirteen percent of homes in the area are worth more than $1 million, and 5% of residents earn . 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 team is owned by former Major League pitchers and currently successful businessman Nolan Ryan. Texas is ranked twenty-fifth among US states by median household income, with a per capita income of $19,617 (2000). Trophy Club is also younger than most places on this list, with a median age of 39. This is rather interesting considering the places humble beginnings. Now we also realize that city living might not be your cup of tea, so we ran the following analysis on towns and then again for small towns. 10 Reasons Why, Why Are Jeeps so Expensive? Because of its strategic location, Missouri City is a great place to consider if you are thinking of relocating. 10 Reasons Why, Why Is PXG Shipping So Expensive? And with Dallas right there, you can be in Americas largest urban art district in under 15 minutes. First, it's the hometown of the former U.S. President, Lyndon B. Johnson. The area of Rockwall County measures 149 square miles which makes it the smallest area compared to all Texas counties. This West Texas town is just a short jump away from Big Bend National Park, one of the country's most majestic natural areas. Because of its affluent population, this city has used a smart growth system in terms of urban planning. Next on our list of the wealthiest cities in Texas is Cedar Park which is a major suburb of Austin. So Expensive 2023. Bellaire (Houston) While Silicon Valley and the New York metro area make up a big chunk of this list, the richest people in America also take up residences in Arizona, Florida, Colorado and Virginia. The consent submitted will only be used for data processing originating from this website. 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. A town of only 1,724 people, Salado is situated halfway between Austin and Waco. Whether youre a Texan resident or an outsider looking to explore the states economic opportunities, keep reading to find out which cities are leading the way in terms of wealth and prosperity. And unlike other places that just randomly decide that Austin has to be the best place to live, we stick to the cold hard facts from sources like the Census and the FBI. In short, Piney Point Village was settled when the railroad came through with the result that German farmers settled in the region. Prosper is a luxurious city in Texas, located within Collin and Denton counties. 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. With a median household income of $105,806, Pearland is yet another popular place for people to escape the business of downtown Houston. Not to mention, you're rarely ever further than a quick walk or golf-carting traipse away from the beach. Even though it is considered a bustling city, Frisco is one of the safest cities in all of the state. 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. 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. Terrell Hills. 9, which is a three-place drop from 2021 when the city ranked No. 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. 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? A large part of Melissas charm comes from its educated population many residents hold bachelors degrees or higher qualifications. We'd love to hear from you, please enter your comments. 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. I have compiled a list of the top 10 richest cities in Texas according to their median household income. Bush and George W. Bush also called Midland home for a number of years. 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. 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. Amarillo is the largest economic hub in the Texas panhandle and is conveniently located on Interstate 40. Nowadays, Olmos Park remains an enclave of said city with the result that its residents often make use of services situated elsewhere. 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. Overall, the economies in these places are booming and the quality of life is second to none. An upscale area located in central Dallas, this beautiful neighborhood possesses both a small-town atmosphere and big-city amenities. This means that the neighborhoods in the city and the surrounding area vary significantly. This factor contributes to a low homeownership rate of 59%. Texas has proven a fairly affordable place to live but median household incomes are lower compared to other large states. Related: 10 Most Affordable Cities To Buy A Home. Bloomberg created and ordered this list by annual household income. It's as authentic as it gets.). This charming city has a median household income of $79,444. 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. Combined with home prices of around $444,800, Trophy Club actually has the lowest overall cost of living among the cities featured here. The richest cities in Texas are nearly identical to the wealthiest cities in Arizona when comparing spot for spot. 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. Another Dallas-Fort worth suburb, Colleyville is a city of 26,766 with across the board strong statistics. Commissions do not affect our editors' opinions or evaluations. If your city or town isnt among the top 10, jump down to the bottom of the post to see a detailed chart of the best places in Texas. League City is home to several water resorts that attract visitors all over the state. Here are the 10 richest cities in Texas, as determined by HomeSnacks. 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. Round Rock is also home to minor league baseball franchise, the Round Rock Express. 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. 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. Read more about Marathon and Big Bend National Park.

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