Here are the 10 wealthiest cities in Texas in 2021, according to HomeSnacks: Looking for more real estate news? 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. The 10 Richest Neighborhoods In Dallas, TX For 2022 - HomeSnacks 3 Texas Towns Among 25 Wealthiest in America (and It Could Be More) With a median home value of $1.3M in the area, its no wonder that Southlake ranks as one Americas wealthiest towns. By Anna Caplan. Texas has proven a fairly affordable place to live but median household incomes are lower compared to other large states. Bellaire is a wealthy city in Texas, known for its high incomes and closeness to Houston. Mckinney residents can enjoy access to Dallas restaurants, amenities, and cultural offerings without the high crime rate which makes this area very desirable. 1. Population: 25,027Rank Last Year: 2 (Up 1)Median Home Value: $1,351,400Unemployment Rate: 4.4%More on University Park: Real Estate|Crime Report|Cost Of Living. 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. All three of the towns have less than 1,000 households. Despite higher costs, Southlake offers excellent job opportunities, beautiful homes, top-rated schools, and relatively low living expenses. Its also the place with the 3rd highest rate of insured residents in Texas, with 98.4% of people being covered. 5) Round Rock A Yee/Flickr Round Rock recently made Livability.com's 2015 list of Best Affordable Cities in Texas. 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. The city is home to many major employers and also has plenty of things to do regarding culture, history and entertainment. There are two major business hubs in the area which are the Lakeside Business District and the Denton Creek District. 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. 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. San Antonio also appeared ahead of Austin at No. Highland Park - $211,136. It's as authentic as it gets.). Mansfield is one of the numerous communities that make up the Dallas-Fort Worth Metroplex. These 20 Towns Are Home to the Richest People in America - HGTV (Golf carts are the main transportation around town.). 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. Tesla and John Deere are two of the most recent high-profile examples. The incorporated city of Flower Mound is considered the richest city in Texas. Past performance is not indicative of future results. The richest cities in Texas are nearly identical to the wealthiest cities in Arizona when comparing spot for spot. Meanwhile, 2022 was Houstons second consecutive year as the No. 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. In addition to Forbes, his bylines have also been featured on Credible, Fox Business, Wallet Hacks, and Well Kept Wallet. Scarsdale, N.Y., was ranked as the richest town in America with a median annual household income of $241,453. 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. 70.00% of the richest cities in Texas were aged 25 to 44. However, many renters do not get such a policy. Fast forward to today, Mansfield has a population of more than 70,000 people. 10 Wealthiest Cities in Texas Based on Median Income 2023 - Newshub360.net