It is where the headquarters of Imperial Sugar is located, which is a sugar refinery and distribution center. Lake Travis is approximately 10 miles from Cedar Park and is frequented by residents and neighbors alike. However, the city isnt all about cowboys and the iconic images of Old Texas.. The list below shows all of the top age brackets for the richest cities in Texas. Many families in Bellaire earn six figures thanks to job opportunities brought by Houston companies like Mattress Firm and Designer Mattress Warehouse. This small town has a rich and royal history. In coming up with a list of the wealthiest cities in Texas, the main consideration is 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. Perhaps they're also a little relieved to learn that city is Houston. Poverty rates among U.S.-born and foreign-born Asians were 9% and 11%, respectively, that year. 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. Southlake tops list of richest cities in Texas, study says Keller. The area has a small-town atmosphere, but its close to big cities like University Park, Dallas, and Mesquite. The young folks are doing quite well for themselves, because the median household income in Trophy Club is $155,635/year. In all, we analyzed the 341 places in Texas over 5,000 people for this study. Key facts about Asian Americans | Pew Research Center 5) Round Rock A Yee/Flickr Round Rock recently made Livability.com's 2015 list of Best Affordable Cities in Texas. There are several beaches to visit, and the area is home to Padre Island National Seashore, the Texas State Aquarium and a naval air station. The name Rockwall is derived from the subterranean rock formation that surrounds the county. These 10 affluent Texas cities cash in as the richest places in the When shes not hard at work in the KPRC 2 newsroom, you can find Bri drinking away her hard earned wages at JuiceLand, running around Hermann Park, listening to crime podcasts or ransacking the magazine stand at Barnes & Noble. Some are, Read More The 10 Worst Neighborhoods in NYCContinue. Speaking of which, Hunters Creek Village is another one of the Memorial Villages that can be found in western Houston. Celina is a wealthy city in Texas, where residents earn high salaries and enjoy a comfortable lifestyle. There are a number of measurements that can be used to rank cities based on this criterion, but one of the best is per capita income. Household income is generally used as a guideline to measure whether an area is economically healthier than other areas. The affluent suburb, just five miles northeast of downtown San Antonio, also topped HomeSnacks 2019 list of the richest cities in Texas. Are poverty and unemployment rates hovering around 3%? 2015-2023 Chasing Chains, LLC. The 10 Best Places To Live In Texas For 2022 - HomeSnacks Here are the 10 wealthiest cities in Texas in 2021, according to HomeSnacks: Looking for more real estate news? Residents of Allen like spending time outdoors and with over 60 natural and man-made parks, there are plenty of areas where people can enjoy themselves. 2023 Forbes Media LLC. Texas tops list of one-way U-Haul destinations in 2022 Southlake topped the list with a median income of $239,833. Nobody gets left out of the good times in West University Place, as evidenced by the citys ranking as the place with the 4th lowest poverty level in Texas. Take a ride on the Grapevine Vintage Railroad, a unique experience on authentic 1920s Victorian coaches, or plan a visit to the kid-friendly LEGOLAND Discovery Center. It boasts world-class amenities and entertainment venues that can rival any big city. There are plenty of shopping and restaurant options, especially in the downtown area. An upscale area located in central Dallas, this beautiful neighborhood possesses both a small-town atmosphere and big-city amenities. Highland Park - $211,136. The incorporated city of Flower Mound is considered the richest city in Texas. Austin is one of the best places to live in Texas for its diverse culture and outdoorsy activities. If youre looking to move or invest in the state, knowing where the wealthiest cities are located can be a great starting point. I also traveled to 40+ states on business and pleasure, and love writing about the great cities and small towns across the US. Generally speaking, University Park is known for being home to Southern Methodist University, thus making it a center of education. In order to make the list cities also had to have a population of at least 5,000. Flower Mound ranks as the 10th best place to call home in the Lone Star State. ins.style.display='block';ins.style.minWidth=container.attributes.ezaw.value+'px';ins.style.width='100%';ins.style.height=container.attributes.ezah.value+'px';container.appendChild(ins);(adsbygoogle=window.adsbygoogle||[]).push({});window.ezoSTPixelAdd(slotId,'stat_source_id',44);window.ezoSTPixelAdd(slotId,'adsensetype',1);var lo=new MutationObserver(window.ezaslEvent);lo.observe(document.getElementById(slotId+'-asloaded'),{attributes:true});You might have come here expecting to see Dallas and Houston, but even though those cities offer up a ton to residents, its actually better to live outside the cities and commute. 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. Well provide you with a brief overview of each citys economy and highlight some of the factors that contribute to their financial success. 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 Southlake Terrell Hills Fair Oaks Ranch Trophy Club The Woodlands Flower Mount 1. These 10 affluent Texas cities cash in as the richest places in the state, SXSW 2014 spotlight: CultureMap presents 30 Days, 30 Artists, Lincoln Properties The Grand Residences at The Domain, A diner with the "world's rudest service" is coming to Austin soon, Mexico City restaurant group opens second U.S. location in Southwest Austin, New hotel finds a home in the heart of downtown Austin, Austin was a top 10 destination for movers in 2022, study says. The median family income in this city is $112K, and about 24.4% of its people make over $200K per year. Texas has been appropriately nicknamed the Lone Star State and is home to 29.9 million people. Eventually, a community formed, situated very close to a sawmill that presumably meant a fair amount of economic benefit in those times. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. 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. University Park is a Dallas suburb of 25,027 people that has a lot going for it. Related: 10 Most Affordable Cities To Buy A Home. 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. Nearby New Braunfels and Fredericksburg can also be attractive places to live if you enjoy small-town charm. Some common motivations include the warm climate, no income tax and plenty of employment opportunities. And unlike other places that just randomly decide that Austin has to be the best place to live, we stick to the cold hard facts from sources like the Census and the FBI. This site uses Akismet to reduce spam. Terrell Hills is a small, charming town in Texas with many wealthy residents. The company, which only considered places with a population of at least 5,000, analyzed several factors to determine where the states 1 percent live: poverty rate, median household income, and unemployment rate, as well as a look at where the richest of the rich live. All in all, 353 of the states communities were included in the ranking. 10 Reasons Why, Why Are U-Boat Watches So Expensive? It is surrounded by two bodies of water that enable visitors and residents to bask in the sun and enjoy water sports. Alamo Heights is a city of 8,501 people almost completely surrounded by the bigger city, which helps give it the title of 9th most densely populated city in Texas. Commissions do not affect our editors' opinions or evaluations. 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. 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. Highland Park The richest city in Texas is Highland Park. Here are the best small towns in 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. With a median household income of $105,806, Pearland is yet another popular place for people to escape the business of downtown Houston. Data USA: https://datausa.io/profile/geo/texas#economy, Investopedia:https://www.investopedia.com/median-income-by-state-5070640, Income by Zip Code:https://www.incomebyzipcode.com/texas, Census:https://www.census.gov/quickfacts/TX, Your email address will not be published. Bellaire has a median family income of $165,000, a per capita income of $101,097, and a median household income of $206,734. He uses his professional and personal experience to help families save money and pay off debt faster. The Richest Small Town in Every State | GOBankingRates Still, not right, but well go with it for now. The 10 Best Small Towns In Texas For 2022 - HomeSnacks