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. 10 Reasons Why. This is a whopping 13 times higher than in the poorest town of Macon, Miss., at. 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. 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. 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 . In the historic downtown, you'll find winery tasting rooms and plenty of shopping. 10 this year, which is a one-place drop from the 2021 report. League City is home to several water resorts that attract visitors all over the state. People here are making a cool 223,621 a year and the poverty and unemployment rates are both under 4%. While lots of people living in Prosper commute for work, the city does offer employment opportunities within its boundaries as well. Many households here earn at least $50K annually, making it an attractive place to call home. Bellaires residents mostly work white-collar jobs nearly 98% of them do which is significantly higher than the national average. 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. Despite the name, Hilshire Village is a city rather than a village, though to be fair, its population is counted in the high hundreds. Celina (Dallas-Fort Worth) 4. West University Place is a prestigious city in Texas that attracts affluent families. Sources of criteria include the New Census Data and FBI Crime Data. With a median household income of $106,475, Allen is located in Collin County which is a suburb of Dallas. Southlake, Texas is a prosperous city that stands out for its high median income of $240.2K. Located betwen Galveston and Houston, League City has a median household income of $98,593. Over half of the population in West University Place has a masters degree or higher, so you know that folks here arent dummies. 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. Celina is a wealthy city in Texas, where residents earn high salaries and enjoy a comfortable lifestyle. Known for the abundant fishing nearby, it's a treasure trove of boating charters and fresher-than-fresh seafood restaurants located just steps from the marina. It borders Matamoros, Mexico and is less than an hour from South Padre Island, which is a popular beach destination. 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. Big companies like Sabre Holdings, Neiman Marcus, and Santander Consumer USA have their homes in Southlake too. As a result, it can be an affordable place for families to live. Home to Heisman Trophy winner and current Arizona Cardinals QB, Kyler Murray, Allen has a rich football tradition. Bellaire has a median family income of $165,000, a per capita income of $101,097, and a median household income of $206,734. Its also the 2nd most densely-populated city in Texas, which adds to the dynamism here. Related: 10 Affordable (And Booming) Cities For College Grads To Buy A Home. With its strong sense of community and high incomes all around, West University Place remains one of Texas wealthiest cities. 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. It is surrounded by two bodies of water that enable visitors and residents to bask in the sun and enjoy water sports. All cliches aside, theres a serious problem with overcrowding, skyrocketing prices, and the infamous crime rates. 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. Austin Austin is one of the best places to. Coppell. The affluent suburb, just five miles northeast of downtown San Antonio, also topped HomeSnacks 2019 list of the richest cities in Texas. Technically, Bunker Hill Village is an independent enclave that can be found in western Houston. 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. San Antonio also appeared ahead of Austin at No. 10 Reasons Why, Why Is WeatherTech Shipping So Expensive? 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. Terrell Hills is one of the top spots for families who like quiet areas but . All three of the towns have less than 1,000 households. (Golf carts are the main transportation around town.). This factor contributes to a low homeownership rate of 59%. 1. 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. Save my name, email, and website in this browser for the next time I comment. Living in Mansfeld will allow you to explore 900 acres of parkland, recreational activities for people of all ages, and a growing business community. 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. The main feature of this city is Lake Houston and it contains several golf clubs, country clubs, and several nature parks. San Antonio is best known for its River Walk and the Alamo. Terrel Hills, a city of some 5,371, has a median household income of almost $181,979, an unemployment rate of 1.2 percent and 0.7 poverty rate. Besides having well-paying jobs, nearly half of Celinas residents hold a bachelors degree or higher. And having the 11th lowest rate of poverty in Texas means that everyone in Trophy Club gets in on the good times. You can even catch a Christmas Wine Train in December. Midland currently has a population of around 150,000 and is thought of as a relatively small town. Are poverty and unemployment rates hovering around 3%? However, many renters do not get such a policy. 10 Reasons Why, Why Are Jeeps so Expensive? Its sister city is Ciudad Juarez, Mexico. Here are the 10 richest cities in Texas, as determined by HomeSnacks. Thats the kind of quality that pays dividends down the road. Here are the best small towns in Texas. For foodies, this area has a bustling restaurant scene that features traditional Texan food as well as different cuisines from all over the world. 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 area of Rockwall County measures 149 square miles which makes it the smallest area compared to all Texas counties. The layout of Plano is also unique because of the way its park and trails systems are laid out. And, maybe everyone is in a good mood because they never have to sit in traffic. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'homesnacks_com-large-mobile-banner-1','ezslot_9',113,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'homesnacks_com-large-mobile-banner-1','ezslot_10',113,'0','1'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-1-0_1');.large-mobile-banner-1-multi-113{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}, Population: 31,684Rank Last Year: 11 (Up 4)Median Home Value: $697,000Unemployment Rate: 2.2%More on Southlake: Real Estate|Crime Report|Cost Of Living. 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. Tesla and John Deere are two of the most recent high-profile examples. A new ranking from data provider HomeSnacks ranked the wealthiest cities in Texas for 2021. Mansfield is one of the numerous communities that make up the Dallas-Fort Worth Metroplex. The Forbes Advisor editorial team is independent and objective. You can see those two top tens at the bottom of the post. This also equates to the economic growth of the city. We and our partners use cookies to Store and/or access information on a device. The city recently built a $60 Million dollar football stadium for its high school team. Texasall 270,000 square miles of ithas no shortage of travel appeal. This specified age is further defined by the US Bureau of Census as 15 years and older. There are areas in Texas that are affluent and home to the rich and famous. Former U.S. Presidents George H.W. Richest town in Texas Bunker Hill Village, $247,188; Richest town in Washington Clyde Hill, $238,958; Richest town in Maryland . University Park made a strong showing to take in the overall number one spot for the best place to live in Texas for 2022. If youre curious enough, here are the worst places to live in Texas according to the data: ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){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. Because of its affluent population, this city has used a smart growth system in terms of urban planning. 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. Bellaire (Wealthiest Cities in Texas)- $206,734. 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. 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. Performance information may have changed since the time of publication. 5) Round Rock A Yee/Flickr Round Rock recently made Livability.com's 2015 list of Best Affordable Cities in Texas. 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. 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.. [1] [2] See also [ edit] Commissions do not affect our editors' opinions or evaluations. Mansfield is next up on the list of the richest cities in Texas with a median household income of $88,736. Texas is ranked twenty-fifth among US states by median household income, with a per capita income of $19,617 (2000). Were heading back down to the greater San Antonio area to arrive at our 2nd best city in Texas, Alamo Heights. Located south of Houston, Pearland has a thriving culinary scene, year-end social events, and old-fashioned Texan culture. All Rights Reserved. Many Americans relocated to Texas Sunbelt region in 2022, but Austinites may be surprised to see the city movers set as their destination. 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. 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. 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. Are you sure you want to rest your choices? This charming city has a median household income of $79,444. The Richest NFL Owners in 2022: Where Does Jerry Jones Rank? In short, Piney Point Village was settled when the railroad came through with the result that German farmers settled in the region. Additionally, the city's unemployment rate of about 8% makes it one of the lowest in the state of Texas. There are plenty of corporations that are headquartered in Plano including Frito-Lay, Dell Services, Pizza Hut, and Cinemark Theatres. Read more about Marathon and Big Bend National Park. Read more about Fredericksburg, Texas. 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. According to the data we collected and our algorithms, University Park ranks as the best place to live in Texas for 2022. 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. 20.00% of the richest cities in Texas were aged 45 to 64. The citys largest private employer is SpaceX with over 1,600 employees that help build rockets and spacecraft. First, it's the hometown of the former U.S. President, Lyndon B. Johnson. 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. You can also find the largest water park in the whole country in Round Rock, Kalahari Resorts & Convention. When you click through real estate links on our site, we earn an affiliate commission. Surrounded by San Antonio and other neighboring cities with limited room for expansion, Alamo Heights maintains its close community vibe. Is the school system way above average? Mansfield is one of the numerous communities that make up the Dallas-Fort Worth Metroplex. 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. 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. Another Dallas-Fort worth suburb, Colleyville is a city of 26,766 with across the board strong statistics. 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. You can also check out Brushy Creek Trail which houses six different nature parks. Perhaps they're also a little relieved to learn that city is Houston. Household income is generally used as a guideline to measure whether an area is economically healthier than other areas. It is named thus because it was situated so close to Rice Institute, which is now called Rice University. Every one of the top 20 towns have households that bring in at least $300,000 a year. 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. Many people living here report their race to be White, followed by Asian. 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. 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. 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. Imperial Sugar is ingrained in the history of Sugar Land which is why the companys crown logo is featured in the citys seal. 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. Southside Place incorporated in June of 1931, which is why it wasnt swallowed up by Houston like much of its surroundings. However, not all neighborhoods are the same. If you like big cities, they dont get much bigger than Houston. Nearby New Braunfels and Fredericksburg can also be attractive places to live if you enjoy small-town charm. Go to our real estate page or subscribe to our free weekly newsletter, House 2 Home. 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. So what city topped the list? 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.