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Asians are less likely than Americans overall to live in poverty (10% vs. 13% as of 2019). 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. Its super safe here and the schools are the best in the state when you measure performance and the budget they have. 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. Marathon, Texas. Next up #7: Southlake a Dallas/Fort Worth suburb located about 25 miles north of the city centers near DFW airport. 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. They say people are always friendly, no matter if youre a friend or a stranger. Trophy Club is also younger than most places on this list, with a median age of 39. Flower Mound ranks as the 10th best place to call home in the Lone Star State. The Forbes Advisor editorial team is independent and objective. Former First lady of the United States, Laura Bush, calls Midland her hometown. This also equates to the economic growth of the city. 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. 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. 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. In the historic downtown, you'll find winery tasting rooms and plenty of shopping. 5) Round Rock A Yee/Flickr Round Rock recently made Livability.com's 2015 list of Best Affordable Cities in Texas. The consent submitted will only be used for data processing originating from this website. It has also undergone a light industrial growth to match the needs of its growing population. This small town has a rich and royal history. The name Rockwall is derived from the subterranean rock formation that surrounds the county. Frisco is considered one of the fastest-growing cities in Texas with residents flocking there in droves. 16 Richest Cities in Texas *Minimum population 60,000. It is safer than 87% of Texas cities, has an income per capita of $53,809, and the median home value is 75% higher than the Texas average. 9, which is a three-place drop from 2021 when the city ranked No. Nearly all of its workforce (98%) holds white-collar jobs a number that surpasses the national average significantly. Past performance is not indicative of future results. How is Median Household Income calculated? Mansfield is next up on the list of the richest cities in Texas with a median household income of $88,736. West University Place is a prestigious city in Texas that attracts affluent families. Many Americans relocated to Texas Sunbelt region in 2022, but Austinites may be surprised to see the city movers set as their destination. 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. Otherwise, buckle up for a ride down good living lane with University Park at the end of the cul-de-sac. Dallas' rank remained the same year-over-year from the previous report at No. Missouri City is one of the wealthiest towns in Texas, with a median household income of $76,572. Let's have a look at the list below. However, it teaches in a non-sectarian manner, which has presumably contributed to it having more Catholic students than Methodist students. 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. A large part of Melissas charm comes from its educated population many residents hold bachelors degrees or higher qualifications. People who live here say Flower Mound is a beautiful town with a heart of gold. With picturesque views and traditional Texan home values, a lot of people enjoy living in Texas. University Park and Highland Park make up the Park Cities, which is an enclave of Dallas. Midland currently has a population of around 150,000 and is thought of as a relatively "small town". While there's an innumerable amount of places and sights worth giving a visit, we've rounded up our favorite Texas towns to help make the 270,000 square miles feel a little bit smaller. A new list from data provider HomeSnacks ranks Terrell Hills as the richest place in Texas with at least 5,000 residents. The city also has a vibrant Hispanic culture and is home to an arts district as well as several theme parks. However, Austin is still a top 10 destination for American movers, according to a the latest Top Moving Destinations report from Penske Truck Rental. After the dust settled, what was the best place to live in Texas? 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. 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. 7 Best Small Towns to Live in Texas | Small Texas Cities - HOMEiA 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. 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. 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 . Because of its affluent population, this city has used a smart growth system in terms of urban planning. Southside Place incorporated in June of 1931, which is why it wasnt swallowed up by Houston like much of its surroundings. Back in the day, this rock was used as a marker for the creeks low point. 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 data in the sample should be in order. Southlake - $240,248. Nearby New Braunfels and Fredericksburg can also be attractive places to live if you enjoy small-town charm. 10. Congratulations are in order for Southlake: The "small city" is the most affluent city of its size in America, according to a new study. 7. There are two major business hubs in the area which are the Lakeside Business District and the Denton Creek District. 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. Most streets in West University Place are named after colleges, universities, and poetsgiving the area an academic charm. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. 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. - Frisco's Pet Project, Top 25 Motivational Quotes by Millionaires. Read more about Marathon and Big Bend National Park. Sitting in Collin County, Melissas residents have a per capita income of $38.1K, making them wealthy relative to the rest of Texas and the nation. Terrell Hills is a small, charming town in Texas with many wealthy residents. League City is home to several water resorts that attract visitors all over the state. In all, we analyzed the 341 places in Texas over 5,000 people for this study. However, among those who own homes here, most have already paid off their mortgage: 66% compared to 46% nationwide. According to the US Census, the median household income in Texas is around $66,826. Here are the 10 richest cities in Texas, as determined by HomeSnacks. 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. 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. Best Places To Live In Texas In 2022 - Forbes Advisor The city recently built a $60 Million dollar football stadium for its high school team. Terrell Hills is one of the top spots for families who like quiet areas but . 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. 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. Josh Patoka has been a personal finance writer since 2015. In short, Piney Point Village was settled when the railroad came through with the result that German farmers settled in the region. Bellaires residents mostly work white-collar jobs nearly 98% of them do which is significantly higher than the national average. Melissa, Texas is a prosperous city known for its high median household income of $118.3K, which is well above the state average. Speaking of which, Hunters Creek Village is another one of the Memorial Villages that can be found in western Houston. The city is located in proximity to most amenities that you would need and offers real cost savings to business owners. It's almost impossible to get bored in this nostalgic town located just 30 minutes from Dallas via car. Terrell Hills - $181,979. As a result, only 6% of residents live below the poverty line less than one-third of the nationwide rate! Based on the name, it should come as no surprise to learn that Southern Methodist University is a private Methodist research university. Youd better believe it. Mansfield is one of the numerous communities that make up the Dallas-Fort Worth Metroplex. The poorest neighborhood? 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. Back in the day, Mansfield was known to be a rural farming community that was a great contributor to the Texas economy. 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. Flower Mound is another northern suburb in the Dallas/Fort Worth metro area located on Grapevine Lake. The Woodlands houses an amphitheater called the Cynthia Woods Mitchell Pavilion, high-end shops, live music, and eclectic nightlife. Required fields are marked *. Surrounded by San Antonio and other neighboring cities with limited room for expansion, Alamo Heights maintains its close community vibe. Missouri City is one of the wealthiest towns in Texas, with a median household income of $76,572. By understanding what makes these cities successful, you can learn from their strategies and apply them to your own personal or business finances. 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. Here Are The 10 Richest Cities In Texas - OnlyInYourState 10 Reasons Why. The bar scene is also something to experience from classic bars like La Carafe to the unique charity bar Angel Share HTX. The town square has restaurants featuring different cuisines. 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. 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: $123,802 Unemployment rate: 2.5 percent Poverty rate: 3.2 percent. If youre curious enough, here are the worst places to live in Texas according to the data: ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){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. This small town has a rich and royal history. 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. We understand just how hectic the moving experience can be and pride ourselves on putting the consumer first throughout the rental experience, he said. Its sister city is Ciudad Juarez, Mexico. > 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. 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. If you need help with the Public File, call (713) 778-4745. 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. 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. Prosper is a luxurious city in Texas, located within Collin and Denton counties. Some are, Read More The 10 Worst Neighborhoods in NYCContinue. In coming up with a list of the wealthiest cities in Texas, the main consideration is Median Household Income. Missouri City is conveniently located minutes away from Downtown Houston and has all the amenities that the big city has to offer. This site uses Akismet to reduce spam. 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. Its also a college town, the state capital, and it has a healthy economy. Manage Settings Theres no one statistic that earns Keller a spot on this list. 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. 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. The city also has plenty of history to accompany the coastal lifestyle. 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. Some common motivations include the warm climate, no income tax and plenty of employment opportunities. That would be Northwest Dallas. 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. 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. Editorial Note: We earn a commission from partner links on Forbes Advisor. Keller. Here are the 10 richest cities in Texas based on per capita income. Here are the 10 richest cities in Texas, as determined by HomeSnacks. Texas tops list of one-way U-Haul destinations in 2022 Southlake topped the list with a median income of $239,833. 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. Of all the places on this list, the cost of living in Keller is second-lowest only to Trophy Club. Townhomes and condos can also be found for people who prefer low-maintenance living. 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 age of 35, University Park is the youngest city to make this list, so you know it's a vibrant place with fresh ideas. 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. The neighborhood with the highest median income, University Park, was named the richest neighborhood in Dallas. Copyright 2023 Click2Houston.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings. We aim to deliver bite-sized pieces of infotainment about where you live. There are even converted silos where you can have your first glamping experience. But, you get what you pay for. Johnson City usually rings a bell in Texans' minds for one of two reasons. The Brownsville-Harlingen metro is in the southeastern part of the state. Here are the best small towns in Texas. This compensation comes from two main sources. Despite the exponential growth that Mansfield has undergone, it never lost its small-town charm and the quality of life that it provides to its residents. The amount of Median Household income is determined by pinpointing the middle number found on the data set. Median Income: $109,048. Related: 10 Most Affordable Cities To Buy A Home. Theyre no stranger to our lists as they took the top spot last year and rank as one of the wealthiest places in Texas. When compared to the wealthiest cities in California, the median household income is less than half that of California. Here Are The 10 Richest Cities in Texas. Another Dallas-Fort worth suburb, Colleyville is a city of 26,766 with across the board strong statistics. 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. Tesla and John Deere are two of the most recent high-profile examples. So to create our ranking, we broke places to live into three tiers: This left us with 341 cities, 580 towns, and 518 small towns. The city is home to many major employers and also has plenty of things to do regarding culture, history and entertainment. This West Texas town is just a short jump away from Big Bend National Park, one of the country's most majestic natural areas. However, the city isnt all about cowboys and the iconic images of Old Texas.. With one of the lowest unemployment rates in Texas at just 8%, Bellaire attracts families who appreciate financial stability. Income Inequality: The 15 Cities With the Biggest Wealth Gaps 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. Midland is located in the Permian Basin, making it the epicenter of the Oil and Gas industry in Texas. So, go grab your tex-mex and a margarita as we take a quick look at the top ten. 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%). University Park University Park is a Dallas suburb of 25,027 people that has a lot going for it. If youre looking for something more national, check out the best states in America or the best places to live in America. [1] [2] See also [ edit] San Antonio suburb Terrell Hills earned the distinction a the states wealthiest city -- yet again. There are plenty of shopping and restaurant options, especially in the downtown area. North Texas. Tara Donne. West University Place came into existence because of a former governor of Tennessee named Ben Hooper. Highland Park (Dallas-Fort Worth) 3.