Regardless if you are visiting or living in this zip code, you can enjoy numerous world-class amenities and entertainment options. It's easy to get distracted by the twice-yearly antiques fair extravaganza in Round Top, where you can score all sorts of unexpected goodies, but this town has much more to it than just shopping. In all, we analyzed the 341 places in Texas over 5,000 people for this study. It is the central business hub and both the Houston Astros and the Houston Rockets call downtown Houston their home. According to the US Census, the median household income in Texas is around $66,826. Investopedia defines the generic formula for household income as the total gross income before taxes that is received in 12 months by all members of the household above a specified age. This factor contributes to a low homeownership rate of 59%. Despite the name, Hilshire Village is a city rather than a village, though to be fair, its population is counted in the high hundreds. Required fields are marked *. Outdoor enthusiasts will enjoy the Palo Duro Canyon State Park, which is the nations second-largest canyon and is only dwarfed by the Grand Canyon. The median family income in this city is $112K, and about 24.4% of its people make over $200K per year. 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. Best known for being the home of country music and BBQ, Texas is the second-largest state in the United States. Many areas in the city played a part in the states rich history which is why it holds an important spot in Texas. 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. However, the city isnt all about cowboys and the iconic images of Old Texas.. 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. Terrell Hills (San Antonio) 2. 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. The median home value in Alamo Heights stands at $717.8K while its median household income reaches $141K. Its also a college town, the state capital, and it has a healthy economy. 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. 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. 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. This specified age is further defined by the US Bureau of Census as 15 years and older. Although the unemployment rate is low at just 3.4%, living costs in this city are higher than average. 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. The team is owned by former Major League pitchers and currently successful businessman Nolan Ryan. 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. 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. Surrounded by San Antonio and other neighboring cities with limited room for expansion, Alamo Heights maintains its close community vibe. Important ancestries here include German, English, Irish, Polish, and Italian roots. Nearby New Braunfels and Fredericksburg can also be attractive places to live if you enjoy small-town charm. To top it off, come summertime the local peaches are delightful. 10 Reasons Why, Why Are Jeeps so Expensive? There are areas in Texas that are affluent and home to the rich and famous. 10 Reasons Why, Why Is WeatherTech Shipping So Expensive? The neighborhood with the highest median income, University Park, was named the richest neighborhood in 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 . To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. 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. Of all the places on this list, the cost of living in Keller is second-lowest only to Trophy Club. Evidently, the importance of education transcends age, because about 30% of Colleyvilles residents kept earning degrees after earning their bachelors. Prosper is a luxurious city in Texas, located within Collin and Denton counties. 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. On top of all these things, if you are lucky enough to live in one of these cities, you might find out that your neighbor is somebody famous in the entertainment or sports world. 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. 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. There are plenty of corporations that are headquartered in Plano including Frito-Lay, Dell Services, Pizza Hut, and Cinemark Theatres. This site uses Akismet to reduce spam. Our ratings take into consideration the city size, crime rate, unemployment rate and cost of living. The Woodlands is a recent development in Texas that has around 28,000 acres filled with trees so theres always plenty of greenery to enjoy. Lake Travis is approximately 10 miles from Cedar Park and is frequented by residents and neighbors alike. 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. 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. 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. Located north of San Antonio, this city has 5,371 people living in it. Round Rock is also home to minor league baseball franchise, the Round Rock Express. 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. That would be University Park. 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. This citys population was 31,292 and its located in parts of northeast Tarrant County and northwest Dallas County. Southlake, Texas is a prosperous city that stands out for its high median income of $240.2K. According to the data we collected and our algorithms, University Park ranks as the best place to live in Texas for 2022. Coppell. In short, Piney Point Village was settled when the railroad came through with the result that German farmers settled in the region. Most Affluent Small Cities: 50,000 to 100,000 Residents. Located south of Houston, Pearland has a thriving culinary scene, year-end social events, and old-fashioned Texan culture. You can download the data here. Former First lady of the United States, Laura Bush, calls Midland her hometown. Now read on to see the details behind the rankings and a closer look at the top ten cities being featured in our Friday Night Lights for 2022. Besides this point of interest, it should be mentioned that West University Place offers a higher quality of life than most of its counterparts in the state thanks to its status as a bedroom community for upper-class families. Terrell Hills is the richest city in Texas. 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. 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. As the town with the 4th lowest rate of crime in the state, Trophy Club is one of the safest places to live in Texas.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'homesnacks_com-large-leaderboard-2','ezslot_6',111,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-leaderboard-2-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'homesnacks_com-large-leaderboard-2','ezslot_7',111,'0','1'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-leaderboard-2-0_1');.large-leaderboard-2-multi-111{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:5px!important;margin-left:auto!important;margin-right:auto!important;margin-top:5px!important;max-width:100%!important;min-height:50px;padding:0;text-align:center!important}. Thats the kind of quality that pays dividends down the road. University Park is a Dallas suburb of 25,027 people that has a lot going for it. Overall, the economies in these places are booming and the quality of life is second to none. Its sister city is Ciudad Juarez, Mexico. Due to the timing, Hilshire Village wasnt incorporated into Houston in the same manner as its unincorporated surroundings. But, you get what you pay for. This compensation comes from two main sources. Southlake - $240,248. Celina (Dallas-Fort Worth) 4. The poorest neighborhood? Marathon, Texas. Trophy Club is also younger than most places on this list, with a median age of 39. Something went wrong. Some other markers of University Parks excellence are its sub-3% rates of poverty and unemployment and its distinction as the 11th least violent place in Texas. Pearland is one of the up-and-coming cities in Texas that has undergone tremendous growth over the last few years. The company analyzed four factors to arrive at that conclusion: poverty rate, median household income, and unemployment rate, as well as where the richest of the rich live.. 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. Richest Cities in Texas. Highland Park (Dallas-Fort Worth) 3. There are a few suburbs that . Keller. After the dust settled, what was the best place to live in Texas? Terrell Hills is one of the top spots for families who like quiet areas but also enjoy the perks of a big city nearby. It is named thus because it was situated so close to Rice Institute, which is now called Rice University. So what city topped the list? 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. 1. Copyright 2023 Click2Houston.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings. The poverty rate among immigrant Asian minors - those under the age of 18 - was slightly higher, at 16%. By understanding what makes these cities successful, you can learn from their strategies and apply them to your own personal or business finances. 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. Former U.S. Presidents George H.W. Is the crime rate among the lowest in the state? 10 Reasons Why, Why Are Audi Cars So Expensive? You betcha. 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. There are even converted silos where you can have your first glamping experience. Perhaps they're also a little relieved to learn that city is Houston. Heath. 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';} In this blog post, well take a look at the top 10 wealthiest cities in Texas based on median household income. However, it is one of a number of residential communities meant for upper-class families called the Memorial Villages, which fall within the Memorial Super Neighborhood. For more Texas reading, check out: Most Dangerous Places In Texas Richest Cities In Texas Safest Places In Texas 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. Southside Place incorporated in June of 1931, which is why it wasnt swallowed up by Houston like much of its surroundings. 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. Two well-to-do Houston-area communities also secured spots on the list. We ranked each place in Texas across a number of criteria from one to 341, with one being the best. 10 this year, which is a one-place drop from the 2021 report. Midland currently has a population of around 150,000 and is thought of as a relatively "small town". Lucas. 16 Richest Cities in Texas *Minimum population 60,000. Atascocita is part of the unincorporated area of Harris County in the Houston Metropolitan area. 10 Reasons Why, Why Are Jeep Wranglers So Expensive? Household income can include employment salary, self-employment earnings, Social Security benefits, pension, investment income, retirement income, and all income coming from other sources. 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. Young professionals often want to live in areas where there are employment opportunities and activities for them, Read More The 20 Best Place for Singles to Live in Their 50s in the U.S.Continue, Renters insurance can protect you when renting a home or apartment. This small town has a rich and royal history. The data in the sample should be in order. Highland Park features parks such as Armstrong Park and Glencoe Park with playgrounds and picnic spaces, while Exall Park offers swimming pools, tennis courts, and jogging trails for leisure activities. Homes in University Park are the 1st costliest in Texas, going for a median price of $1,451,300. If you like big cities, they dont get much bigger than Houston. 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. As a rapidly growing state, Texas has become a hub for economic opportunities and prosperous cities. Mckinney residents can enjoy access to Dallas restaurants, amenities, and cultural offerings without the high crime rate which makes this area very desirable. Continue with Recommended Cookies. Texas is ranked twenty-fifth among US states by median household income, with a per capita income of $19,617 (2000). The median household income among the top 50 cities was $117,157. Nowadays, Olmos Park remains an enclave of said city with the result that its residents often make use of services situated elsewhere. The low cost of living is very attractive to retirees which is why they choose to relocate here. University Park made a strong showing to take in the overall number one spot for the best place to live in Texas for 2022. West University Place is often called The Neighborhood City because it mostly serves as a residential community for upper-class families. Missouri City is conveniently located minutes away from Downtown Houston and has all the amenities that the big city has to offer. 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. The Richest NFL Owners in 2022: Where Does Jerry Jones Rank? The richest cities in Texas are nearly identical to the wealthiest cities in Arizona when comparing spot for spot. Poverty rates among U.S.-born and foreign-born Asians were 9% and 11%, respectively, that year. Cities with between 50,000 and 100,000 residents had top 50 median household incomes ranging from between $107,908 and $174,003. Add to that top-notch schools and an excellent housing market, and youve got a recipe for the best place to call home in Texas. Eventually, a community formed, situated very close to a sawmill that presumably meant a fair amount of economic benefit in those times. 2023 Forbes Media LLC. 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. Mansfield - $56,446. 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. Fort Worth is a neighboring suburb of Dallas, but it can be safer and more affordable. Missouri City is one of the wealthiest towns in Texas, with a median household income of $76,572. 10 Reasons Why, Why are Mercedes Cars so Expensive? The city is home to many major employers and also has plenty of things to do regarding culture, history and entertainment. Most streets in West University Place are named after colleges, universities, and poetsgiving the area an academic charm. Tara Donne. The comparison criteria and corresponding sources include: Check your rates today with Better Mortgage. For shopping lovers, the open-air shopping center called Highland Park Village hosts local boutiques along with luxury retailers like Chanel and Hermes. The bar scene is also something to experience from classic bars like La Carafe to the unique charity bar Angel Share HTX. This small town has a rich and royal history. A new list from data provider HomeSnacks ranks Terrell Hills as the richest place in Texas with at least 5,000 residents. Most residents who are fortunate enough to live in League City are homeowners and can enjoy the suburban appeal. Briana Zamora-Nipper joined the KPRC 2 digital team in 2019. 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. Terrell Hills. Terrell Hills - $181,979. Terrell Hills is joined by one other San Antonio suburb, plus six cities from the Dallas-Fort Worth area and two from Houston. Alamo Heights may be small, covering just 4.77 km, but its home to about 8,374 residents who enjoy an enriched lifestyle. 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. 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. It is where the headquarters of Imperial Sugar is located, which is a sugar refinery and distribution center. Generally speaking, University Park is known for being home to Southern Methodist University, thus making it a center of education. Median Income: $109,048. 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. 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. Does the Richest City in Texas Have an Animal Shelter? You can find out more about him on LinkedIn or his website. 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. If you want to live on the Gulf of Mexico or enjoy beach destinations, look no further than Corpus Christi. A town of only 1,724 people, Salado is situated halfway between Austin and Waco. The 20 Best Place for Singles to Live in Their 50s in the U.S. 10 Companies Providing the Best Renters Insurance, The 10 Best Places to Live in The Bronx, NY, How Kendra Scott Achieved a Net Worth of $580 Million, How GloRilla Achieved a Net Worth of $800,000. In any case, Hill Country Village is another one of the enclaves that can be found in the San Antonio Metropolitan Statistical Area. Combined with home prices of around $444,800, Trophy Club actually has the lowest overall cost of living among the cities featured here. Lakeway. Things like the best schools and lowest crime rates that people generally desire when moving to a new place in 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. Sugar Land is the largest city in Fort Bend County and is considered one of the most affluent and fastest-growing in the state. This is rather interesting considering the places humble beginnings. Goods and services cost about 21% more compared to national averages, while housing expenses are nearly double. I mean, in just fifteen minutes you can be at an Astros game or Houstons world-class Museum of Natural Science, depending on your inclination.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'homesnacks_com-box-4','ezslot_4',109,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-box-4-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'homesnacks_com-box-4','ezslot_5',109,'0','1'])};__ez_fad_position('div-gpt-ad-homesnacks_com-box-4-0_1');.box-4-multi-109{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:5px!important;margin-left:auto!important;margin-right:auto!important;margin-top:5px!important;max-width:100%!important;min-height:50px;padding:0;text-align:center!important}. To avoid redundancy, we didnt list multiple suburbs within the same metro area to provide more options if you decide to move to Texas. So Expensive 2023. Alamo Heights - $141,048. 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. 1. Celina is a wealthy city in Texas, where residents earn high salaries and enjoy a comfortable lifestyle. In the present, Piney Point Village is a very different kind of place, as shown by how it actually has restrictions against businesses of any kind. Colleyville can, though. Fast forward to today, Mansfield has a population of more than 70,000 people. HomeSnacks is reader-supported. 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. Texasall 270,000 square miles of ithas no shortage of travel appeal. 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. The city has two major recreation centers: Joe Farmer Recreation Center and Don Rodenbergh Natatorium. There are restaurants like Taverna Rossa and TruFire and shopping nearby. Sports fans can enjoy a minor league baseball team and the teams at the University of Texas at El Paso (UTEP). Its also the 2nd most densely-populated city in Texas, which adds to the dynamism here. Gruene has long been a favorite family destination for Texans for more reasons than one, starting with its position along the Guadalupe River, which is a popular route for floating on rafts and innertubes during warm months. Scarsdale, N.Y., was ranked as the richest town in America with a median annual household income of $241,453. 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. 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. San Antonio also appeared ahead of Austin at No. Downtown Houston is also home to the nationally recognized Houston Theatre District where you can find the Houston Ballet, Houston Grand Opera, Houston Symphony, and the Theatre under The Stars. 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. Bellaire (Houston) I have lived in Houston, Texas and Chicago, Illinois for a combined 35 years. The city is located in proximity to most amenities that you would need and offers real cost savings to business owners. 1 moving destination. All Rights Reserved. Its super safe here and the schools are the best in the state when you measure performance and the budget they have. What is the best place to live in Texas? Terrell Hills is a small, charming town in Texas with many wealthy residents. How is Median Household Income calculated? Known as the wealthiest place in Texas, Fair Oaks Ranch offers its residents fine dining options, top-ranking public schools, and high incomes. 9, which is a three-place drop from 2021 when the city ranked No. 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. The reason why the city is called Round Rock is because of a significant round rock that sits on the waters of Brushy Creek.
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