We then took the average rank across all criteria, with the city posting the lowest overall score being crowned the winner of the title 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. 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. 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 is surrounded by two bodies of water that enable visitors and residents to bask in the sun and enjoy water sports. Living in Mansfeld will allow you to explore 900 acres of parkland, recreational activities for people of all ages, and a growing business community. 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';} A new list from data provider HomeSnacks ranks Terrell Hills as the richest place in Texas with at least 5,000 residents. This West Texas town is just a short jump away from Big Bend National Park, one of the country's most majestic natural areas. 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. 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. However, among those who own homes here, most have already paid off their mortgage: 66% compared to 46% nationwide. Frisco is considered one of the fastest-growing cities in Texas with residents flocking there in droves. Terrell Hills is the richest city in Texas. Lucas. And theres Summit Park on Main Street. 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. In any case, Hill Country Village is another one of the enclaves that can be found in the San Antonio Metropolitan Statistical Area. Overall, the economies in these places are booming and the quality of life is second to none. All rights reserved. Continue with Recommended Cookies. 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 our opinion, the spirit of the Lone Star State can best be found through its charming small towns where friendly smiles and Southern hospitality are still the norm, and you're rarely far away from a Tex-Mex taco or piled-high barbecue sandwich. Still, not right, but well go with it for now. Surrounded by San Antonio and other neighboring cities with limited room for expansion, Alamo Heights maintains its close community vibe. While some areas offer an amazing lifestyle to, Read More The 20 Best Places to Live in BostonContinue, New York is a tough town to make it in. 10. In coming up with a list of the wealthiest cities in Texas, the main consideration is Median Household Income. 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. 1 moving destination. Its sister city is Ciudad Juarez, Mexico. Southlake, Texas is a prosperous city that stands out for its high median income of $240.2K. 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. 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. Well provide you with a brief overview of each citys economy and highlight some of the factors that contribute to their financial success. Midland currently has a population of around 150,000 and is thought of as a relatively small town. Does the Richest City in Texas Have an Animal Shelter? 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. Melissa, Texas is a prosperous city known for its high median household income of $118.3K, which is well above the state average. 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. 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. But why focus on the wealthiest places in Texas? Technically, Bunker Hill Village is an independent enclave that can be found in western Houston. The city recently built a $60 Million dollar football stadium for its high school team. Read more about Marathon and Big Bend National Park. Bellaires residents mostly work white-collar jobs nearly 98% of them do which is significantly higher than the national average. 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. Midland, Tx. Meanwhile, 2022 was Houstons second consecutive year as the No. Back in the day, this rock was used as a marker for the creeks low point. The city also has a vibrant Hispanic culture and is home to an arts district as well as several theme parks. 20.00% of the richest cities in Texas were aged 45 to 64. Missouri City is conveniently located minutes away from Downtown Houston and has all the amenities that the big city has to offer. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Southlake is home to many affluent residents and boasts the highest median household income among all cities listed here. 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. Save my name, email, and website in this browser for the next time I comment. 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. 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. We aim to deliver bite-sized pieces of infotainment about where you live. Missouri City is conveniently located minutes away from Downtown Houston and has all the amenities that the big city has to offer. It is the central business hub and both the Houston Astros and the Houston Rockets call downtown Houston their home. This city also has plenty of employment and entertainment opportunities. Its also the place with the 3rd highest rate of insured residents in Texas, with 98.4% of people being covered. Many Americans relocated to Texas Sunbelt region in 2022, but Austinites may be surprised to see the city movers set as their destination. Here are the 10 wealthiest cities in Texas in 2021, according to HomeSnacks: Looking for more real estate news? Next on our list of the wealthiest cities in Texas is Cedar Park which is a major suburb of Austin. At 39, Coppell has a lower median age than most places listed here, so we think residents Lego appreciation is proportionally higher. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. The data comes from the U.S. Census Bureau's 2008-2012 American Community Survey 5-Year Estimates. It's almost impossible to get bored in this nostalgic town located just 30 minutes from Dallas via car. 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. This small town covers 9.324 km and has about 18,815 people living there. Its also a college town, the state capital, and it has a healthy economy. 70.00% of the richest cities in Texas were aged 25 to 44. Scarsdale, N.Y., was ranked as the richest town in America with a median annual household income of $241,453. Former U.S. Presidents George H.W. 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. However, the city isnt all about cowboys and the iconic images of Old Texas.. 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. Celinas typical home price is $615K with a median household income of $124K, both higher than state averages. Population: 11,904Rank Last Year: 9 (Up 4)Median Home Value: $444,800Unemployment Rate: 4.1%More on Trophy Club: Real Estate|Crime Report|Cost Of Living. And, maybe everyone is in a good mood because they never have to sit in traffic. Here are the 10 richest neighborhoods in Texas. Generally speaking, University Park is known for being home to Southern Methodist University, thus making it a center of education. So Expensive 2023. 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. All those fancy diplomas really pay off for residents, because at $250,001/year, West University Place has the highest median income in Texas. 10 Reasons Why, Why Are Jeeps so Expensive? 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. 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. Cities with between 50,000 and 100,000 residents had top 50 median household incomes ranging from between $107,908 and $174,003. We used science to determine which places in the Lone Star State are the real superstars. So, go grab your tex-mex and a margarita as we take a quick look at the top ten. West University Place - $250,001. The comparison criteria and corresponding sources include: Check your rates today with Better Mortgage. When compared to the wealthiest cities in California, the median household income is less than half that of California. The layout of Plano is also unique because of the way its park and trails systems are laid out. For foodies, this area has a bustling restaurant scene that features traditional Texan food as well as different cuisines from all over the world. 10 Reasons Why, Why Are Audi Cars So Expensive? This affluent community has an estimated median household income of $146.7K, which is more than double the states average of $61.9K. Even though it is considered a bustling city, Frisco is one of the safest cities in all of the state. Nearly all of its workforce (98%) holds white-collar jobs a number that surpasses the national average significantly. Highland Park - $211,136. In about the same amount of time, you can get to the Dallas Arboretum and Botanical Gardens to add a bit of color to your life. Flower Mound ranks as the 10th best place to call home in the Lone Star State. There are restaurants like Taverna Rossa and TruFire and shopping nearby. 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. But, you get what you pay for. There are areas in Texas that are affluent and home to the rich and famous. If you want to live on the Gulf of Mexico or enjoy beach destinations, look no further than Corpus Christi. Something that can be explained by them having been named by an English major and her friend who was the daughter of the city planner. Performance information may have changed since the time of publication. Those who like to be in the center of the action will find plenty to love in Alamo Heights. Besides having well-paying jobs, nearly half of Celinas residents hold a bachelors degree or higher. The city has two major recreation centers: Joe Farmer Recreation Center and Don Rodenbergh Natatorium. 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. The city is home to many major employers and also has plenty of things to do regarding culture, history and entertainment. Here are . Celina (Dallas-Fort Worth) 4. 10 this year, which is a one-place drop from the 2021 report. With a great climate all year round, Lake Travis is a premier place for water sports and activities. Save my name, email, and website in this browser for the next time I comment. I also traveled to 40+ states on business and pleasure, and love writing about the great cities and small towns across the US. 1. Terrell Hills is one of the top spots for families who like quiet areas but . People who live here say Flower Mound is a beautiful town with a heart of gold. You can find out more about him on LinkedIn or his website. 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. 10 Reasons Why, Why Are Jeep Wranglers So Expensive? Alamo Heights, part of the greater San Antonio Metropolitan area, is among Texas wealthiest cities. Something went wrong. If University Park is out of your price range, dont worry, the top ten has a place for everyone. In addition to Forbes, his bylines have also been featured on Credible, Fox Business, Wallet Hacks, and Well Kept Wallet. The . Home prices in Flower Mound are the 10th most expensive in Texas, at around $376,500. 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. Thats the kind of quality that pays dividends down the road. Tara Donne. We ranked each place in Texas across a number of criteria from one to 341, with one being the best. One of the greatest things about Flower Mound is the extensive trail system that was developed by the municipal government. It is named thus because it was situated so close to Rice Institute, which is now called Rice University. And with Dallas right there, you can be in Americas largest urban art district in under 15 minutes. Seeing as poverty and crime usually go hand in hand, its no surprise that West University Place also boasts the 8th lowest rate of violent crime in Texas. Past performance is not indicative of future results. 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. So to create our ranking, we broke places to live into three tiers: This left us with 341 cities, 580 towns, and 518 small towns. The only drawback is youd have to drive into Dallas or Fort Worth for work, and those places are not as charming. 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. HomeSnacks is reader-supported. This is a whopping 13 times higher than in the poorest town of Macon, Miss., at. Prosper is a luxurious city in Texas, located within Collin and Denton counties. While lots of people living in Prosper commute for work, the city does offer employment opportunities within its boundaries as well. The residents take pride in their diverse heritage which includes German, English, Irish, Polish, and Italian roots. West University Place is often called The Neighborhood City because it mostly serves as a residential community for upper-class families. Located just twenty minutes outside downtown Houston, Sugar Land boasts big city amenities but with small-town hospitality. Between the bustling cities to the tiny honky-tonk towns, it'd be nearly impossible to see and do it allbut you can certainly try. Most residents who are fortunate enough to live in League City are homeowners and can enjoy the suburban appeal. 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. 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. Because of its affluent population, this city has used a smart growth system in terms of urban planning. The public schools are fantastic with 96% of high school students reading at the correct level and a 94% graduation rate. There are plenty of shopping and restaurant options, especially in the downtown area. Despite the name, Hilshire Village is a city rather than a village, though to be fair, its population is counted in the high hundreds. Bloomberg created and ordered this list by annual household income. Read more about Fredericksburg, Texas. 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. 10 Reasons Why, Why Are U-Boat Watches So Expensive? However, not all neighborhoods are the same. Celina is a wealthy city in Texas, where residents earn high salaries and enjoy a comfortable lifestyle. The place started up because of a man named Frank Bruess who bought 30 acres of land in the 1940s before being incorporated in the mid 1950s. Terrell Hills - $181,979. Missouri City is one of the wealthiest towns in Texas, with a median household income of $76,572. The song choices are intended to help people look forward to the journey ahead, according to Malloy. How is Median Household Income calculated? Mansfield is next up on the list of the richest cities in Texas with a median household income of $88,736. Eventually, a community formed, situated very close to a sawmill that presumably meant a fair amount of economic benefit in those times. 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. 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. This site uses Akismet to reduce spam. All three of the towns have less than 1,000 households. This compensation comes from two main sources. This citys population was 31,292 and its located in parts of northeast Tarrant County and northwest Dallas County. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. If you need help with the Public File, call (713) 778-4745. It is part of the Dallas-Fort Worth-Arlington metropolitan statistical area and includes cities like Heath, Royse City, Fate, and Mobile City. You should have no trouble recognizing that youre living in high society in Highland Park, an affluent town that, together with University Park, comprises the Park Cities enclave of Dallas. The 10 Best Weekend Getaways In Texas For The Ultimate Lone Star Trip, The Best Christmas Towns In Texas To Visit This Holiday Season, 10 Things To Do In Dripping Springs, Texas, Hill Country, The 50 Best Small Towns In The South 2023, 10 Best Lakes In Texas For A Lone Star Getaway, 8 Best Things To Do In Fredericksburg, Texas, The 10 Best Beaches In Texas To Visit, From State Parks To Small Towns, 19 Hidden Adventures In Texas Hill Country, The Best National Parks And Sites In Texas, The Best Tubing Rivers In Texas To Float When Its Hot Outside, Lubbock Comes Alive with Art, Wine, and Fine Cuisine, 7 Resorts In Texas For The Ultimate Lone Star Escape, Why PortAransas Is Texans' Most Beloved Family Vacation Spot. 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.
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