Ten Texas cities are home to the largest number of rich people in the state. The 2019 results came from data provider HomeSnacks. They analyzed factors like poverty rate, median household income, and unemployment rate for cities with at least 5,000 residents. Here are the 10 richest cities in Texas!
Terrell Hills, just outside downtown San Antonio, won the title of richest city in Texas. They have a median household income of $175,913, and a 1.2% unemployment rate. Terrell Hills also boasts an extremely low, 0.7% poverty rate. Terrell Hills sounds like a great place to sell your daughter’s Girl Scout cookies! Or to take the kids trick-or-treating.
Bellaire, a suburb of Houston, is ranked #2. With a median household income of $201,629, there is an unemployment rate of 2.4%. Bellaire’s poverty rate is 1.7%. Evelyn’s Park is one of Bellaire’s favorite gathering spots for family outings and special events.
Photo: Town of Trophy Club
Highland Park, a suburb of Dallas, is third on the list of richest cities in Texas. With a population of only 9,071, Highland Park has a median household income of $207,019. Their unemployment rate is 2.3% and poverty rate is 2.7%.
Melissa, a city in Collin County, is rated the fourth richest city in Texas. Their median household income is $113,532. Unemployment rate is 1.4% and poverty rate an amazingly low 0.3%. Just guessing that Melissa doesn’t have much of a homeless problem with those rates.
West University Place, a Houston suburb in Harris County, is ranked #5. The city’s median household income is $250,001. Unemployment rate is 2.9%, and poverty rate 1.7%.
Trophy Club, the first premiere planned community in Texas, was built around a golf course designed by Ben Hogan. Rated #6 for richest city in Texas, Trophy Club is a suburb of Dallas–Fort Worth, and located in both Denton and Tarrant Counties. Median household income is $142,483. Unemployment rate is 2.5%, and poverty rate is 2.4%.
Photo: City of Southlake McPherson Park
Willow Park, a fast-growing city in Parker County, is rated #7. They have a median household income of $119,511. Unemployment rate is 2.3%, and poverty rate is 2.1%.
Southlake, located in Tarrant and Denton Counties in North Texas, is #8. Their median household income is $230,700. Unemployment rate is 3%, and poverty rate only 2.2%.
Fair Oaks Ranch outside San Antonio is rated #9 this year. They have a median household income of $125,806. The unemployment rate is only 2%, with a poverty rate of 3.6%.
Coppell, an affluent suburb of Dallas that is considered a bedroom community for Dallas-Fort Worth, is #10 on the list of richest cities. Their median household income is $123,802. Unemployment rate is 2.5%, and poverty rate is 3.2%.
