Prosper - $146,733. 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. Texas is ranked twenty-fifth among US states by median household income, with a per capita income of $19,617 (2000). Richest is a rather nebulous label when it comes to cities rather than individuals. University Park and Highland Park make up the Park Cities, which is an enclave of Dallas. With one of the lowest unemployment rates in Texas at just 8%, Bellaire attracts families who appreciate financial stability. All rights reserved. The median family income in this city is $112K, and about 24.4% of its people make over $200K per year. Sources of criteria include the New Census Data and FBI Crime Data. 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. Go to our real estate page or subscribe to our free weekly newsletter, House 2 Home. Austin Austin is one of the best places to. Read more about Marathon and Big Bend National Park. Otherwise, buckle up for a ride down good living lane with University Park at the end of the cul-de-sac. With a median home value of $1.3M in the area, its no wonder that Southlake ranks as one Americas wealthiest towns. That would be Northwest Dallas. Related: 10 Most Affordable Cities To Buy A Home. Spring Valley Village is the best small town in Texas based on the most recent Census data. This diverse city showcases people belonging to various racial and ethnic backgrounds, with the majority being White followed by Asian. The town square has restaurants featuring different cuisines. Townhomes and condos can also be found for people who prefer low-maintenance living. 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. Many households here earn at least $50K annually, making it an attractive place to call home. People here are making a cool 223,621 a year and the poverty and unemployment rates are both under 4%. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Carrollton is a safe neighborhood and has more than 28 miles of hiking trails. Home to Heisman Trophy winner and current Arizona Cardinals QB, Kyler Murray, Allen has a rich football tradition. People also congregate in this area to attend live events and concerts all year round. That work ethic really pays off for Colleyvilles residents, who earn the 9th highest pay in Texas, around $171,485/year. 6. Terrell Hills is a small, charming town in Texas with many wealthy residents. Alamo Heights - $141,048. Here are the 25 states that are home to the wealthiest small towns in America, along with the name of each town and its median household income: Richest town in California Monte Sereno, $250,000+ . 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. Before leading business and investment advisory services for over 25 years, I got a Ph.D. in Economics and taught at the university level. Past performance is not indicative of future results. What is the best place to live in Texas? This factor contributes to a low homeownership rate of 59%. You can download the data here. Homes in University Park are the 1st costliest in Texas, going for a median price of $1,451,300. Based on the name, it should come as no surprise to learn that Southern Methodist University is a private Methodist research university. Because of its affluent population, this city has used a smart growth system in terms of urban planning. The data in the sample should be in order. According to the data we collected and our algorithms, University Park ranks as the best place to live in Texas for 2022. Many families in Bellaire earn six figures thanks to job opportunities brought by Houston companies like Mattress Firm and Designer Mattress Warehouse. Prosper is a luxurious city in Texas, located within Collin and Denton counties. Allen is, by all accounts, a football town. People here also love its safety as its one of the most securest places to live in Texas with very low crime rates. This small town has a rich and royal history. Read more about Grapevine, Texas. San Antonio suburb Terrell Hills earned the distinction a the states wealthiest city -- yet again. Population: 15,589Rank Last Year: 1 (Down 2)Median Home Value: $1,179,700Unemployment Rate: 6.1%More on West University Place: Real Estate|Crime Report|Cost Of Living. If we could measure the most Cowboy hats and Cowboy fans per square mile, heck wed measure that too. 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, it teaches in a non-sectarian manner, which has presumably contributed to it having more Catholic students than Methodist students. 1. 10 Reasons Why, Why Are Jeeps so Expensive? So, go grab your tex-mex and a margarita as we take a quick look at the top ten. Terrell Hills. It is where the headquarters of Imperial Sugar is located, which is a sugar refinery and distribution center. Living in Mansfeld will allow you to explore 900 acres of parkland, recreational activities for people of all ages, and a growing business community. The poorest neighborhood? Population: 46,885Rank Last Year: 10 (Up 2)Median Home Value: $412,800Unemployment Rate: 3.3%More on Keller: Real Estate|Crime Report|Cost Of Living. In all, we analyzed the 341 places in Texas over 5,000 people for this study. The song choices are intended to help people look forward to the journey ahead, according to Malloy. Austin only ranked No. Trophy Club is also younger than most places on this list, with a median age of 39. It's also home to the oldest live music dance hall in Texas, known as Gruene Hall, which can be found in the historic district near beloved rustic eatery, the Gristmill River Restaurant & Bar. For foodies, this area has a bustling restaurant scene that features traditional Texan food as well as different cuisines from all over the world. There are even converted silos where you can have your first glamping experience. If youre curious enough, here are the worst places to live in Texas according to the data: ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){create_map('https://www.homesnacks.com/graphs/maps/best/tx.html');}); Chris Kolmar has been in the real estate business for almost ten years now. The median household income among the top 50 cities was $117,157. One of the best things about Allen is that it is 30 miles north of Dallas which means that living there will give you the benefits of the world-class amenities of Dallas but still come home to a smaller town that embodies a great, community feel. 10.00% of the richest cities in Texas were aged 65 and over. With a median household income of $122,302, Frisco is home to some of the most affluent people in Texas. The poverty rate among immigrant Asian minors - those under the age of 18 - was slightly higher, at 16%. Midland currently has a population of around 150,000 and is thought of as a relatively small town. Most Affluent Small Cities: 50,000 to 100,000 Residents. Combined with home prices of around $444,800, Trophy Club actually has the lowest overall cost of living among the cities featured here. And about 3 in 4 people in Flower Mound have a college degree, so lots of people are smart. San Antonio also appeared ahead of Austin at No. 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. Towns Populations between 1,000 and 5,000. The U.S. Census Bureau estimated 23.7 million Americans moved in 2022, which is about 4 percent more than in 2021. 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. Highland Park - $211,136. It's almost impossible to get bored in this nostalgic town located just 30 minutes from Dallas via car. Not to mention, you're rarely ever further than a quick walk or golf-carting traipse away from the beach. Highland Park (Dallas-Fort Worth) 3. It has also undergone a light industrial growth to match the needs of its growing population. Its sister city is Ciudad Juarez, Mexico. Another Dallas-Fort worth suburb, Colleyville is a city of 26,766 with across the board strong statistics. 10 this year, which is a one-place drop from the 2021 report. Many areas in the city played a part in the states rich history which is why it holds an important spot in Texas. The reason why the city is called Round Rock is because of a significant round rock that sits on the waters of Brushy Creek. 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}. 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. 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. However, Austin is still a top 10 destination for American movers, according to a the latest Top Moving Destinations report from Penske Truck Rental. 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. Important ancestries here include German, English, Irish, Polish, and Italian roots. It is named thus because it was situated so close to Rice Institute, which is now called Rice University. 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. Bellaires residents mostly work white-collar jobs nearly 98% of them do which is significantly higher than the national average. As such, while Bunker Hill Villages small size means that its residents cant expect to find it packed with amenities, they have convenient access to everything that can be found in their surroundings. 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. The public schools are fantastic with 96% of high school students reading at the correct level and a 94% graduation rate. We firmly decided no, that just isnt fair. Round Rock is also home to minor league baseball franchise, the Round Rock Express. Many Americans relocated to Texas Sunbelt region in 2022. People who live here say Flower Mound is a beautiful town with a heart of gold. You can also find the largest water park in the whole country in Round Rock, Kalahari Resorts & Convention. West University Place is a prestigious city in Texas that attracts affluent families. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. 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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. The city is located in proximity to most amenities that you would need and offers real cost savings to business owners. Texas has proven a fairly affordable place to live but median household incomes are lower compared to other large states. 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. Its super safe here and the schools are the best in the state when you measure performance and the budget they have. The city of about 10,000 is the seventh-wealthiest small town in America, according to Bloomberg. 70.00% of the richest cities in Texas were aged 25 to 44. Back in the day, Mansfield was known to be a rural farming community that was a great contributor to the Texas economy. 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. Move over, Manhattan. Commissions do not affect our editors' opinions or evaluations. Things like the best schools and lowest crime rates that people generally desire when moving to a new place in Texas. Please try again later. Does the Richest City in Texas Have an Animal Shelter? 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 . There are two major business hubs in the area which are the Lakeside Business District and the Denton Creek District. Your financial situation is unique and the products and services we review may not be right for your circumstances. The main feature of this city is Lake Houston and it contains several golf clubs, country clubs, and several nature parks. Tesla and John Deere are two of the most recent high-profile examples. 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. Southlake, Texas is a prosperous city that stands out for its high median income of $240.2K. We and our partners use cookies to Store and/or access information on a device. Asians are less likely than Americans overall to live in poverty (10% vs. 13% as of 2019). > Metropolitan area: Dallas-Fort Worth-Arlington, TX As in most of the wealthiest American towns, more than 44% of households in University Park reported incomes of at least $200,000, many. Flower Mound is another northern suburb in the Dallas/Fort Worth metro area located on Grapevine Lake. Some people associate Texas with western and cowboy movies, and if you are looking for a city in the state that closely resembles that, then Midland is the place for you. Atascocita is part of the unincorporated area of Harris County in the Houston Metropolitan area. Alamo Heights, part of the greater San Antonio Metropolitan area, is among Texas wealthiest cities. Bellaire - $206,734. 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. - Frisco's Pet Project, Top 25 Motivational Quotes by Millionaires. The city recently built a $60 Million dollar football stadium for its high school team. Hill Country Village is another excellent example of a place that is classified as a city but boasts numbers that are more in line with what most people would expect from the village that it is called. Meanwhile, 2022 was Houstons second consecutive year as the No. 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. But, you get what you pay for. 10 Reasons Why, Why Are Jeep Wranglers So Expensive? The affluent suburb, just five miles northeast of downtown San Antonio, also topped HomeSnacks 2019 list of the richest cities in Texas. Coppell. I also traveled to 40+ states on business and pleasure, and love writing about the great cities and small towns across the US. Something went wrong. We understand just how hectic the moving experience can be and pride ourselves on putting the consumer first throughout the rental experience, he said. 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. Most residents who are fortunate enough to live in League City are homeowners and can enjoy the suburban appeal. This city is also known as a settlement area for pioneers back in the day which makes it very historic. It borders Matamoros, Mexico and is less than an hour from South Padre Island, which is a popular beach destination. 9, which is a three-place drop from 2021 when the city ranked No. Lake Travis is approximately 10 miles from Cedar Park and is frequented by residents and neighbors alike. 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. 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. A new list from data provider HomeSnacks ranks Terrell Hills as the richest place in Texas with at least 5,000 residents. One San Antonio suburb is cashing in as the richest city in Texas. 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. In order to make the list cities also had to have a population of at least 5,000. 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. If you want to live on the Gulf of Mexico or enjoy beach destinations, look no further than Corpus Christi. There are restaurants like Taverna Rossa and TruFire and shopping nearby. Image Credit: Getty Images. If youre looking at areas in Texas with the best economic situations, where theres lower than average crime, and a lot to do, this is an accurate list. The affluent alcove some five miles northeast of downtown San Antonio topped HomeSnacks 2020 and 2019 lists of the Lone Star States richest cities. However, not all neighborhoods are the same. 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. Here are the 10 richest cities in Texas based on per capita income. Missouri City is one of the wealthiest towns in Texas, with a median household income of $76,572. Additionally, the city's unemployment rate of about 8% makes it one of the lowest in the state of Texas. Our ratings take into consideration the city size, crime rate, unemployment rate and cost of living. 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. Said measurement is by no means perfect, but it is nonetheless very useful for creating a picture of the average individual who lives in the relevant region. 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. 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. 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. There are a few suburbs that . To avoid redundancy, we didnt list multiple suburbs within the same metro area to provide more options if you decide to move to Texas. 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 only drawback is youd have to drive into Dallas or Fort Worth for work, and those places are not as charming. Heath. Theres plenty to do if you live in Southlake. 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. currently successful businessman Nolan Ryan, Related Article: Most Expensive Tequilas in the World, The 10 Most Expensive Clarinets In The World. This citys population was 31,292 and its located in parts of northeast Tarrant County and northwest Dallas County. 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. Cities with between 50,000 and 100,000 residents had top 50 median household incomes ranging from between $107,908 and $174,003. With a population of around 9,900 according to the recent census report, this city has become an attractive destination for those seeking luxury living. 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. This charming city found in West Texas, Midland is unique because it is the farthest from being a Metropolitan city at all. And, maybe everyone is in a good mood because they never have to sit in traffic. 10 Reasons Why, Why Are Audi Cars So Expensive? 10 Reasons Why, Why are Mercedes Cars so Expensive? The Brownsville-Harlingen metro is in the southeastern part of the state. Briana Zamora-Nipper joined the KPRC 2 digital team in 2019. All cliches aside, theres a serious problem with overcrowding, skyrocketing prices, and the infamous crime rates. 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. Surrounded by San Antonio and other neighboring cities with limited room for expansion, Alamo Heights maintains its close community vibe. 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. But why focus on the wealthiest places in Texas? Texas seems to compare most closely to the Arizona when comparing median household income. At 39, Coppell has a lower median age than most places listed here, so we think residents Lego appreciation is proportionally higher. Of all the places on this list, the cost of living in Keller is second-lowest only to Trophy Club. Here are the 10 richest neighborhoods in Texas. 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 city also has a vibrant Hispanic culture and is home to an arts district as well as several theme parks. League City is home to several water resorts that attract visitors all over the state. We ranked each place in Texas across a number of criteria from one to 341, with one being the best. Thats okay though, because University Park residents are also the 4th best paid in the state, pulling in around $218,611/year. Midland is located in the Permian Basin, making it the epicenter of the Oil and Gas industry in Texas. Here are the 10 richest cities in Texas, as determined by HomeSnacks. 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. If youre looking to move or invest in the state, knowing where the wealthiest cities are located can be a great starting point. The incorporated city of Flower Mound is considered the richest city in Texas. Still, not right, but well go with it for now. Nearby Alamo Heights broke into the top 10 this year, securing the tenth slot on the ranking, up from 32 last year. 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. Because of its strategic location, Missouri City is a great place to consider if you are thinking of relocating. 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. In any case, Hill Country Village is another one of the enclaves that can be found in the San Antonio Metropolitan Statistical Area. We used science to determine which places in the Lone Star State are the real superstars. The area of Rockwall County measures 149 square miles which makes it the smallest area compared to all Texas counties. 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. All three of the towns have less than 1,000 households. Despite the name, Hilshire Village is a city rather than a village, though to be fair, its population is counted in the high hundreds. Alamo Heights has a diverse population, high-quality public schools, and hot markets for both jobs and housing. Those who like to be in the center of the action will find plenty to love in Alamo Heights. Household income is generally used as a guideline to measure whether an area is economically healthier than other areas. Colleyville can, though. 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. 16. Known as the wealthiest place in Texas, Fair Oaks Ranch offers its residents fine dining options, top-ranking public schools, and high incomes. Now that we had our set of cities, it was time to rank them. Austin is one of the best places to live in Texas for its diverse culture and outdoorsy activities. 5) Round Rock A Yee/Flickr Round Rock recently made Livability.com's 2015 list of Best Affordable Cities in Texas. 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. Here are the 10 richest cities in Texas, as determined by HomeSnacks. 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 10 Reasons Why, Why Is WeatherTech Shipping So Expensive? Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. 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. Many people living here report their race to be White, followed by Asian. They also come with apt names: Pack It Up, Moving on Mix, Forwarding Address, and Make This House, Home.. The Richest County in Texas is Rockwall County with a median household income of approximately $103,000. 10. Missouri City is conveniently located minutes away from Downtown Houston and has all the amenities that the big city has to offer. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. 10 Reasons Why, Why Are U-Boat Watches So Expensive? Well provide you with a brief overview of each citys economy and highlight some of the factors that contribute to their financial success.