wealthiest small towns in texas

All cliches aside, theres a serious problem with overcrowding, skyrocketing prices, and the infamous crime rates. I have lived in Houston, Texas and Chicago, Illinois for a combined 35 years. Midland currently has a population of around 150,000 and is thought of as a relatively small town. Manage Settings Its super safe here and the schools are the best in the state when you measure performance and the budget they have. Is the school system way above average? One San Antonio suburb is cashing in as the richest city in Texas. (Fun fact: That's roughly the size of France.) You can also find the largest water park in the whole country in Round Rock, Kalahari Resorts & Convention. Southside Place incorporated in June of 1931, which is why it wasnt swallowed up by Houston like much of its surroundings. Terrell Hills is a small, charming town in Texas with many wealthy residents. 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. Located in the Dallas/Fort Worth area, Carrollton is one of the richest cities in Texas. There are even converted silos where you can have your first glamping experience. Required fields are marked *. Marathon, Texas. Midland is located in the Permian Basin, making it the epicenter of the Oil and Gas industry in Texas. Population: 46,885Rank Last Year: 10 (Up 2)Median Home Value: $412,800Unemployment Rate: 3.3%More on Keller: Real Estate|Crime Report|Cost Of Living. There are plenty of shopping and restaurant options, especially in the downtown area. The Lakeside Business District is a 265-acre area that is zoned both commercial and residential. The layout of Plano is also unique because of the way its park and trails systems are laid out. In coming up with a list of the wealthiest cities in Texas, the main consideration is Median Household Income. 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. Forget Beverly Hills. 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. Austin Austin is one of the best places to. 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. This specified age is further defined by the US Bureau of Census as 15 years and older. 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. So, go grab your tex-mex and a margarita as we take a quick look at the top ten. Round Rock is also home to minor league baseball franchise, the Round Rock Express. Many families in Bellaire earn six figures thanks to job opportunities brought by Houston companies like Mattress Firm and Designer Mattress Warehouse. Former First lady of the United States, Laura Bush, calls Midland her hometown. 16. 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';} Fort Worth is a neighboring suburb of Dallas, but it can be safer and more affordable. 10 Reasons Why, Why Is WeatherTech Shipping So Expensive? Most Affluent Small Cities: 50,000 to 100,000 Residents. The towns of Annetta, North Annetta and South Annetta all ranked among the Top 25 wealthiest places in North Texas. 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. Sugar Land is the largest city in Fort Bend County and is considered one of the most affluent and fastest-growing in the state. The Richest County in Texas is Rockwall County with a median household income of approximately $103,000. 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. 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. Continue with Recommended Cookies. Bee Cave. University Park and Highland Park make up the Park Cities, which is an enclave of Dallas. Richest town in Texas Bunker Hill Village, $247,188; Richest town in Washington Clyde Hill, $238,958; Richest town in Maryland . 20.00% of the richest cities in Texas were aged 45 to 64. People here also love its safety as its one of the most securest places to live in Texas with very low crime rates. Celina is a wealthy city in Texas, where residents earn high salaries and enjoy a comfortable lifestyle. Texas tops list of one-way U-Haul destinations in 2022 Southlake topped the list with a median income of $239,833. Located north of San Antonio, this city has 5,371 people living in it. Commutes are short with an average time of just 12 minutes, and the community enjoys excellent health thanks to low obesity rates and long life expectancy. Thats almost double the average income in Texas! There are also a lot of amenities for children like Fort Bend Childrens Discovery Center. And, maybe everyone is in a good mood because they never have to sit in traffic. 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. Combined with home prices of around $444,800, Trophy Club actually has the lowest overall cost of living among the cities featured here. Primarily, it is known for its very small population and its very high per capita income. People who live in more expensive states are looking into relocating to the state because of the low cost of living. San Antonio suburb Terrell Hills earned the distinction a the states wealthiest city -- yet again. The Brownsville-Harlingen metro is in the southeastern part of the state. Some are, Read More The 10 Worst Neighborhoods in NYCContinue. HomeSnacks is reader-supported. These figures are all relative to one another. 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. We used science to determine which places in the Lone Star State are the real superstars. It is the central business hub and both the Houston Astros and the Houston Rockets call downtown Houston their home. Celinas typical home price is $615K with a median household income of $124K, both higher than state averages. Alamo Heights has a diverse population, high-quality public schools, and hot markets for both jobs and housing. The City prides itself in being a kid-friendly city and has earned accolades in terms of being high ranking in education, public safety, and environment. 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. Additionally, the city's unemployment rate of about 8% makes it one of the lowest in the state of Texas. There are restaurants like Taverna Rossa and TruFire and shopping nearby. This small town covers 9.324 km and has about 18,815 people living there. Save my name, email, and website in this browser for the next time I comment. Here are the best small towns in Texas. 1. And about 3 in 4 people in Flower Mound have a college degree, so lots of people are smart. When compared to the wealthiest cities in California, the median household income is less than half that of California. Bellaire has a median family income of $165,000, a per capita income of $101,097, and a median household income of $206,734. 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. Former U.S. Presidents George H.W. Besides having well-paying jobs, nearly half of Celinas residents hold a bachelors degree or higher. 10 Reasons Why, Why Are Jeeps so Expensive? We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Lucas. In this blog post, well take a look at the top 10 wealthiest cities in Texas based on median household income. According to a recent GOBankingRates study, you would need annual income of $10 million or more to be considered rich in this East Coast state. Well provide you with a brief overview of each citys economy and highlight some of the factors that contribute to their financial success. Located in the thick of Texas Hill Country, Fredericksburg still holds true to its German heritage with biergartens on its Main Street (which also has plenty of galleries, restaurants, and boutiques for all-day perusing) and an annual Oktoberfest celebration each fall. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. 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. The metro areas we chose are spread across the Lone Star State and can be an excellent place to call home for couples or families. Celina (Dallas-Fort Worth) 4. 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. Some common motivations include the warm climate, no income tax and plenty of employment opportunities. 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. This means that the neighborhoods in the city and the surrounding area vary significantly. Theres no one statistic that earns Keller a spot on this list. Missouri City is one of the wealthiest towns in Texas, with a median household income of $76,572. 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? The citys largest private employer is SpaceX with over 1,600 employees that help build rockets and spacecraft. West University Place came into existence because of a former governor of Tennessee named Ben Hooper. 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. The young folks are doing quite well for themselves, because the median household income in Trophy Club is $155,635/year. College Station is home to Texas A&M University and is part of the Brazos Valley Economic Development Corporation, which helps provide high-tech jobs in Texas. If youre looking for something more national, check out the best states in America or the best places to live in America. 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. 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. The main feature of this city is Lake Houston and it contains several golf clubs, country clubs, and several nature parks. The incorporated city of Flower Mound is considered the richest city in Texas. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Mansfield is next up on the list of the richest cities in Texas with a median household income of $88,736. The cities also had to have a population of at least 5,000. 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. 10 Reasons Why, Why Are Audi Cars So Expensive? 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. Terrell Hills is joined by one other San Antonio suburb, plus six cities from the Dallas-Fort Worth area and two from Houston. More information about Penske's report can be found on pensketruckrental.com. This West Texas town is just a short jump away from Big Bend National Park, one of the country's most majestic natural areas. Learn how your comment data is processed. The icing on the cake is the beautifully preserved Texas nature that is unrivaled. Allen is, by all accounts, a football town. 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. If University Park is out of your price range, dont worry, the top ten has a place for everyone. 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. 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. The affluent alcove some five miles northeast of downtown San Antonio topped HomeSnacks 2020 and 2019 lists of the Lone Star States richest cities. Located in North Austin, Round Rock is home to the Dell Technologies employee campus which boasts of more than 150,000 employees. 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. This charming city has a median household income of $79,444. It is also used to compare living conditions between geographic regions. 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. However, among those who own homes here, most have already paid off their mortgage: 66% compared to 46% nationwide. Midland, Tx. 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. You betcha. Noted for its consistently high-ranking public schools, youd better believe kids who grow up in Colleyville get off on the right foot. Tara Donne. 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. As a rapidly growing state, Texas has become a hub for economic opportunities and prosperous cities. 10 Reasons Why, Why are Mercedes Cars so Expensive? Here are the 10 wealthiest cities in Texas in 2021, according to HomeSnacks: 1. According to an Assurant Survey, 45 percent of tenants lack renters insurance coverage even though, Read More 10 Companies Providing the Best Renters InsuranceContinue, As the state capital of Massachusetts, Boston is a large and diverse city. Each playlist is under an hour and a half long, and has its own unique vibe to describe what it feels like to move. 10. Dallas is a short drive from Plano which is exceptionally convenient for Plano residents who want to have access to the amenities of a big city. 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. He uses his professional and personal experience to help families save money and pay off debt faster. Colleyville can, though. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. And having the 11th lowest rate of poverty in Texas means that everyone in Trophy Club gets in on the good times. Prosper is a luxurious city in Texas, located within Collin and Denton counties. Nestled within the HoustonThe WoodlandsSugar Land metropolitan area and southwestern Harris County, this city has a population of around 15,600 people. While there is plenty to love about the Austin-Round Rock metro area, the large influx of residents is causing a surge in real estate prices and cost of living, so thats something to keep in mind. Our ratings take into consideration the city size, crime rate, unemployment rate and cost of living. Townhomes and condos can also be found for people who prefer low-maintenance living. Prosper - $146,733. 2023 Forbes Media LLC. All three of the towns have less than 1,000 households. Median Household Income: $75,886. This citys population was 31,292 and its located in parts of northeast Tarrant County and northwest Dallas County. 1 moving destination. The city prides itself on being family-friendly and is a vibrant community of families and professionals. For shopping lovers, the open-air shopping center called Highland Park Village hosts local boutiques along with luxury retailers like Chanel and Hermes. 10 Reasons Why, Why Are Jeep Wranglers So Expensive? 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. Table of Contents show. How is Median Household Income calculated? Atascocita is part of the unincorporated area of Harris County in the Houston Metropolitan area. Thats the kind of quality that pays dividends down the road. 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. 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 . 2015-2023 Chasing Chains, LLC. Coppell is a place where the economy works for everyone, as evidenced by the super-low rates of unemployment (2.4%) and poverty (2.0%). 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 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. Located only about half an hour from San Antonio and less than two hours from Austin, the town is largely centered around a lively downtown district known as the Hill Country Mile, which consists of the Main Street drag lined with dozens of antiques shops and specialty stores, including The Dienger Trading Co. Read more about Boerne, Texas. Over half of the population in West University Place has a masters degree or higher, so you know that folks here arent dummies. Population: 9,143Rank Last Year: 5 (Up 1)Median Home Value: $1,451,300Unemployment Rate: 3.9%More on Highland Park: Real Estate|Crime Report|Cost Of Living, An affluent suburb of the Dallas-Fort Worth metroplex, Trophy Club comes in as the 5th best place to live in Texas for 2022. We understand just how hectic the moving experience can be and pride ourselves on putting the consumer first throughout the rental experience, he said. We compared the various Texan metropolitan areas using data from several platforms to measure variable criteria for home affordability, healthy employment and population growth. Bush and George W. Bush also called Midland home for a number of years. Southlake - $240,248. This affluent community has an estimated median household income of $146.7K, which is more than double the states average of $61.9K. Josh Patoka has been a personal finance writer since 2015. All of which are housed in mid-century modern and other architectural styles of interest. In addition to Forbes, his bylines have also been featured on Credible, Fox Business, Wallet Hacks, and Well Kept Wallet. 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 public schools are fantastic with 96% of high school students reading at the correct level and a 94% graduation rate. With major employers like Ikea, Oracle, and T-Mobile, a lot of working professionals and executives call Frisco home. Fair Oaks Ranch, a city in Bexar and Comal counties in Texas, is part of the San Antonio Metropolitan Statistical Area. Bloomberg created and ordered this list by annual household income. All those fancy diplomas really pay off for residents, because at $250,001/year, West University Place has the highest median income in Texas. 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. To avoid redundancy, we didnt list multiple suburbs within the same metro area to provide more options if you decide to move to Texas. Asians are less likely than Americans overall to live in poverty (10% vs. 13% as of 2019). There are plenty of corporations that are headquartered in Plano including Frito-Lay, Dell Services, Pizza Hut, and Cinemark Theatres. If youre wondering where the best places to live in Texas are, our guide should make it easier to find your ideal community. 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. Cities with between 50,000 and 100,000 residents had top 50 median household incomes ranging from between $107,908 and $174,003. However, it teaches in a non-sectarian manner, which has presumably contributed to it having more Catholic students than Methodist students. With a median household income of $122,302, Frisco is home to some of the most affluent people in Texas. 16 Richest Cities in Texas *Minimum population 60,000. 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. It's as authentic as it gets.). To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. The Richest NFL Owners in 2022: Where Does Jerry Jones Rank? We ranked each place in Texas across a number of criteria from one to 341, with one being the best. 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. Missouri City is conveniently located minutes away from Downtown Houston and has all the amenities that the big city has to offer. Here are the 10 richest cities in Texas based on per capita income. 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. 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.

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