Theyre no stranger to our lists as they took the top spot last year and rank as one of the wealthiest places in Texas. Another Dallas-Fort worth suburb, Colleyville is a city of 26,766 with across the board strong statistics. This means that the neighborhoods in the city and the surrounding area vary significantly. 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. Celina is a wealthy city in Texas, where residents earn high salaries and enjoy a comfortable lifestyle. 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. Table of Contents show. It's as authentic as it gets.). 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. 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. 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. 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 data in the sample should be in order. Consider El Paso if you want to live in western Texas and along the Mexican land border. (Tip: Get the chicken-fried steak. California also led this list with 23 of the top 50, followed by Minnesota with four cities . All those fancy diplomas really pay off for residents, because at $250,001/year, West University Place has the highest median income in Texas. This citys population was 31,292 and its located in parts of northeast Tarrant County and northwest Dallas County. In short, Piney Point Village was settled when the railroad came through with the result that German farmers settled in the region. Many Americans relocated to Texas Sunbelt region in 2022. Amarillo is the largest economic hub in the Texas panhandle and is conveniently located on Interstate 40. Towns Populations between 1,000 and 5,000. If we could measure the most Cowboy hats and Cowboy fans per square mile, heck wed measure that too. Median Income: $109,048. That would be University Park. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Homes in University Park are the 1st costliest in Texas, going for a median price of $1,451,300. Texas is ranked twenty-fifth among US states by median household income, with a per capita income of $19,617 (2000). 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. Eventually, a community formed, situated very close to a sawmill that presumably meant a fair amount of economic benefit in those times. 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 median family income in this town is $165K, and the per capita income stands at $101K, with households earning a median of $206.7K. 2023 Forbes Media LLC. Bellaire - $206,734. 10:08 AM on Mar 17, 2021 CDT. Something went wrong. What is the best place to live in Texas? Are poverty and unemployment rates hovering around 3%? Located in the Denton and Tarrant counties, Flower Mounds name was derived from a prominent 12.5-acre mound that is found in the middle of the town. However, not all neighborhoods are the same. If youre curious enough, here are the worst places to live in Texas according to the data: ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){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. Population: 25,027Rank Last Year: 2 (Up 1)Median Home Value: $1,351,400Unemployment Rate: 4.4%More on University Park: Real Estate|Crime Report|Cost Of Living. 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. Mckinney residents can enjoy access to Dallas restaurants, amenities, and cultural offerings without the high crime rate which makes this area very desirable. The town square has restaurants featuring different cuisines. 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. 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. Before leading business and investment advisory services for over 25 years, I got a Ph.D. in Economics and taught at the university level. The affluent alcove some five miles northeast of downtown San Antonio topped HomeSnacks 2020 and 2019 lists of the Lone Star States richest cities. 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. However, among those who own homes here, most have already paid off their mortgage: 66% compared to 46% nationwide. All three of the towns have less than 1,000 households. After the dust settled, what was the best place to live in Texas? Based on the name, it should come as no surprise to learn that Southern Methodist University is a private Methodist research university. The richest zip code in Texas is 77010 which is located near Downtown Houston in Harris County. Theres no one statistic that earns Keller a spot on this list. A new ranking from data provider HomeSnacks ranked the wealthiest cities in Texas for 2021. 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. Here Are The 10 Richest Cities in Texas. Townhomes and condos can also be found for people who prefer low-maintenance living. Agriculture and international trade are other vital industries for the region. 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. 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. Home to Heisman Trophy winner and current Arizona Cardinals QB, Kyler Murray, Allen has a rich football tradition. Terrell Hills is joined by one other San Antonio suburb, plus six cities from the Dallas-Fort Worth area and two from Houston. It is surrounded by two bodies of water that enable visitors and residents to bask in the sun and enjoy water sports. 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. 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. 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. 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. There are plenty of corporations that are headquartered in Plano including Frito-Lay, Dell Services, Pizza Hut, and Cinemark Theatres. The poverty rate among immigrant Asian minors - those under the age of 18 - was slightly higher, at 16%. 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. 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. Median Household Income: $75,886. This also equates to the economic growth of the city. Thats almost double the average income in Texas! While lots of people living in Prosper commute for work, the city does offer employment opportunities within its boundaries as well. The Lakeside Business District is a 265-acre area that is zoned both commercial and residential. The incorporated city of Flower Mound is considered the richest city in Texas. The name Rockwall is derived from the subterranean rock formation that surrounds the county. Because of its strategic location, Missouri City is a great place to consider if you are thinking of relocating. Here are the 10 wealthiest cities in Texas in 2021, according to HomeSnacks: 1. A large part of Melissas charm comes from its educated population many residents hold bachelors degrees or higher qualifications. Midland, Tx. Alamo Heights may be small, covering just 4.77 km, but its home to about 8,374 residents who enjoy an enriched lifestyle. 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. 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. Texas counties ranked by per capita income[ edit] Note: Data is from the 2010 United States Census Data and the 2006-2010 American Community Survey 5-Year Estimates. Your financial situation is unique and the products and services we review may not be right for your circumstances. Its also the 2nd most densely-populated city in Texas, which adds to the dynamism here. This is rather interesting considering the places humble beginnings. The H-E-B Center is a multi-use entertainment facility that hosts more than 150 events every year. Many Americans relocated to Texas Sunbelt region in 2022, but Austinites may be surprised to see the city movers set as their destination. Well provide you with a brief overview of each citys economy and highlight some of the factors that contribute to their financial success. (Golf carts are the main transportation around town.). 10 Reasons Why, Why Is WeatherTech Shipping So Expensive? Next up #7: Southlake a Dallas/Fort Worth suburb located about 25 miles north of the city centers near DFW airport. Keller. To avoid redundancy, we didnt list multiple suburbs within the same metro area to provide more options if you decide to move to Texas. There are restaurants like Taverna Rossa and TruFire and shopping nearby. Known as the wealthiest place in Texas, Fair Oaks Ranch offers its residents fine dining options, top-ranking public schools, and high incomes. 1. Most residents who are fortunate enough to live in League City are homeowners and can enjoy the suburban appeal. 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? Alamo Heights - $141,048. Those who like to be in the center of the action will find plenty to love in Alamo Heights. The poorest neighborhood? Pearland is one of the up-and-coming cities in Texas that has undergone tremendous growth over the last few years. Sports fans can enjoy a minor league baseball team and the teams at the University of Texas at El Paso (UTEP). The Brownsville-Harlingen metro is in the southeastern part of the state. 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. 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. Does the Richest City in Texas Have an Animal Shelter? It is the central business hub and both the Houston Astros and the Houston Rockets call downtown Houston their home. Tesla and John Deere are two of the most recent high-profile examples. 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. Related: 10 Affordable (And Booming) Cities For College Grads To Buy A Home. Thats the kind of quality that pays dividends down the road. 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. Commissions do not affect our editors' opinions or evaluations. All Rights Reserved. This West Texas town is just a short jump away from Big Bend National Park, one of the country's most majestic natural areas. There are plenty of shopping and restaurant options, especially in the downtown area. You can find out more about him on LinkedIn or his website. Southlake - $240,248. Continue with Recommended Cookies. San Antonio is best known for its River Walk and the Alamo. 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. The median home value in Alamo Heights stands at $717.8K while its median household income reaches $141K. 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. As a result, it can be an affordable place for families to live. University Park University Park is a Dallas suburb of 25,027 people that has a lot going for it. Are you sure you want to rest your choices? In all, we analyzed the 341 places in Texas over 5,000 people for this study. 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. There are even converted silos where you can have your first glamping experience. Located north of San Antonio, this city has 5,371 people living in it. Read more about Grapevine, Texas. This charming city has a median household income of $79,444. All Rights Reserved. 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. When you click through real estate links on our site, we earn an affiliate commission. University Park is the perfect example its a small suburb outside of Houston that has everything youd could ever want, but without the constant hustle and bustle. Surrounded by San Antonio and other neighboring cities with limited room for expansion, Alamo Heights maintains its close community vibe. Over half of the population in West University Place has a masters degree or higher, so you know that folks here arent dummies. There are a few suburbs that . You can also check out Brushy Creek Trail which houses six different nature parks. 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. 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. 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. 2015-2023 Chasing Chains, LLC. 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. 1 moving destination. To top it off, come summertime the local peaches are delightful. 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. Highland Park - $211,136. According to the US Census, the median household income in Texas is around $66,826. The history of this city dates back to the mid-1800s; however, it was incorporated in 1946. Lake Travis is approximately 10 miles from Cedar Park and is frequented by residents and neighbors alike. Save my name, email, and website in this browser for the next time I comment. 16 Richest Cities in Texas *Minimum population 60,000. Manage Settings I have lived in Houston, Texas and Chicago, Illinois for a combined 35 years. The 10 Best College Towns In Texas For 2022 Canyon, TX College Station, TX McAllen, TX Arlington, TX Plainview, TX San Marcos, TX Wichita Falls, TX Denton, TX Commerce, TX Edinburg, TX While some of these may not seem like a 'real' college town per se, when you look at the numbers, it's hard to argue against. Missouri City is conveniently located minutes away from Downtown Houston and has all the amenities that the big city has to offer. With picturesque views and traditional Texan home values, a lot of people enjoy living in Texas. 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. The main feature of this city is Lake Houston and it contains several golf clubs, country clubs, and several nature parks. Image Credit: Getty Images. Terrell Hills is joined by one other San Antonio suburb, plus six cities from the Dallas-Fort Worth area and two from Houston. 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? However, it teaches in a non-sectarian manner, which has presumably contributed to it having more Catholic students than Methodist students. Perhaps they're also a little relieved to learn that city is Houston. For shopping lovers, the open-air shopping center called Highland Park Village hosts local boutiques along with luxury retailers like Chanel and Hermes. The Woodlands houses an amphitheater called the Cynthia Woods Mitchell Pavilion, high-end shops, live music, and eclectic nightlife. With a per capita income of $149K and a median household income of around $211K, Highland Park attracts many young families who value top-notch schools, restaurants, and entertainment options. Dallas' rank remained the same year-over-year from the previous report at No. 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. Midland is located in the Permian Basin, making it the epicenter of the Oil and Gas industry in Texas. 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. And having the 11th lowest rate of poverty in Texas means that everyone in Trophy Club gets in on the good times. That work ethic really pays off for Colleyvilles residents, who earn the 9th highest pay in Texas, around $171,485/year. We and our partners use cookies to Store and/or access information on a device. The median family income in this city is $112K, and about 24.4% of its people make over $200K per year. 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. Things like the best schools and lowest crime rates that people generally desire when moving to a new place in Texas. 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. Important ancestries here include German, English, Irish, Polish, and Italian roots. Here are the 10 richest cities in Texas, as determined by HomeSnacks. If youre looking for something more national, check out the best states in America or the best places to live in America. It is safer than 87% of Texas cities, has an income per capita of $53,809, and the median home value is 75% higher than the Texas average. 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. 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. Despite the name, Hilshire Village is a city rather than a village, though to be fair, its population is counted in the high hundreds. Although the unemployment rate is low at just 3.4%, living costs in this city are higher than average. 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. 5) Round Rock A Yee/Flickr Round Rock recently made Livability.com's 2015 list of Best Affordable Cities in Texas. We understand just how hectic the moving experience can be and pride ourselves on putting the consumer first throughout the rental experience, he said. Now a look at how all the neighborhoods in Dallas ranked. 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. People also congregate in this area to attend live events and concerts all year round. Thats okay though, because University Park residents are also the 4th best paid in the state, pulling in around $218,611/year. Here are the 10 richest cities in Texas based on per capita income. Richest Cities in Texas. It should be noted that in this calculation, the definition of a household pertains to all people living in the same home, regardless if they are related to each other or not. Please try again later. This factor contributes to a low homeownership rate of 59%. We ranked each place in Texas across a number of criteria from one to 341, with one being the best. 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. Bellaire is a wealthy city in Texas, known for its high incomes and closeness to Houston. 10 Reasons Why, Why are Mercedes Cars so Expensive? 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. 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. 10.00% of the richest cities in Texas were aged 65 and over. For more Texas reading, check out: Most Dangerous Places In Texas Richest Cities In Texas Safest Places In Texas We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. 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. 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 small town covers 9.324 km and has about 18,815 people living there. Each playlist is under an hour and a half long, and has its own unique vibe to describe what it feels like to move. [1] [2] See also [ edit] Meanwhile, 2022 was Houstons second consecutive year as the No. Bee Cave. Its also a college town, the state capital, and it has a healthy economy. 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. With a great climate all year round, Lake Travis is a premier place for water sports and activities. 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. 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. Most streets in West University Place are named after colleges, universities, and poetsgiving the area an academic charm. Here are the best small towns in Texas. 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. Is the crime rate among the lowest in the state? It is named thus because it was situated so close to Rice Institute, which is now called Rice University. Nearby Alamo Heights broke into the top 10 this year, securing the tenth slot on the ranking, up from 32 last year. Every one of the top 20 towns have households that bring in at least $300,000 a year. Nestled within the HoustonThe WoodlandsSugar Land metropolitan area and southwestern Harris County, this city has a population of around 15,600 people. It is also used to compare living conditions between geographic regions. Terrell Hills is the richest city in Texas. 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. 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. All of which are housed in mid-century modern and other architectural styles of interest. If you live in Kentucky already, then youll already be well aware that when it comes to crime, the Bluegrass State is doing pretty well for itself. Technically, Bunker Hill Village is an independent enclave that can be found in western Houston. currently successful businessman Nolan Ryan, Related Article: Most Expensive Tequilas in the World, The 10 Most Expensive Clarinets In The World. Here are the 10 richest cities in Texas, as determined by HomeSnacks. Texas has been appropriately nicknamed the Lone Star State and is home to 29.9 million people. Besides having well-paying jobs, nearly half of Celinas residents hold a bachelors degree or higher. Located south of Houston, Pearland has a thriving culinary scene, year-end social events, and old-fashioned Texan culture. Here are the 10 richest cities in Texas based on per capita income. Cities with between 50,000 and 100,000 residents had top 50 median household incomes ranging from between $107,908 and $174,003. First, it's the hometown of the former U.S. President, Lyndon B. Johnson. Missouri City is one of the wealthiest towns in Texas, with a median household income of $76,572. Let's have a look at the list below. 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. Bellaire, fourth on the list, with a population of 18,815 boasts a median household income of $206,734, a 2 percent unemployment rate, and a 2.3 percent poverty rate while West University Place, sixth on the list, totes a median household income of $250,001, a 2.6 unemployment rate and a 1.7 percent poverty rate. This West Texas town is just a short jump away from Big Bend National Park, one of the country's most majestic natural areas.

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