Ranking for richest places can best be done by using the median household income, poverty rate, unemployment rate, and not how rich the residents are. When there is reduced unemployment and poverty rate, the future of the city is given a richer look.
The San Antonio suburb was ranked the second-most populous city in Texas and West University Place ranked the wealthiest. The city boasts of poverty rate of 1.67%, median household income of $250,001.
With the median household income of the residents of these cities, you will need to have a bank account like Larry Ellison to live there. Apart from the wealthy person vibe gotten from such cities, there are other numerous benefits to boast of.
These richest cities in Texas have five-star amenities, high-end stores, exclusive swimming pools, grand schools, and they are safe. To top the list of benefits is the likelihood to live near notables like members of the 2000 Little League Championship team or Dennis Quaid.
Richest Cities In Texas
1. West University Place- $250,001
West University Place is located within the Houston-Sugar Land metropolitan area and called West U for short. This city is majorly for people of the upper class. With a population that has risen over the years, West U has the highest concentration of median household incomes.
The West University State of Texas is commonly known as the “The West U”. And it is located in the United States of Texas and lies within Houston City. The woodlands of Sugar-land in the Metropolitan area and it’s nicknamed as the “The Neighborhood” which is a bedroom community for Zenith class households mainly.
The West U Place operates a telephone exchange center located at 4068 Bellaire Boulevard, and that serves as its main source of income as well. Most of its residents are employed as civil servants in the school since The West U is a learning institution. Southside, Houston, and Bellaire are the three cities that surrounded the ‘The West U’.
2. Southlake – $240,248
Southlake ranks second on our list of richest cities in Texas. The city is located in Tarrant County and is a suburb of Dallas Fort-Worth. This city got incorporated as Southlake in 1956 and this was after the construction of Grapevine Lake. Southlake became a boom-burb afterward.
Southlake is predominantly city situated within the County of Tarrant with Denton County as its minor area by extension in the Texas State, United States. It stands as the fourth richest city in the US when compared to its rate of poverty as 2.5% with $189,432 as of its household income. It is a suburb of Forth Worth and well known for its Southlake Town Square and Public Schools which stands as its economic source.
3. Highland Park – $211,136
Highland Park is ranked the third on this list and the seventh richest in the United States. This affluent city is located between the north of downtown Dallas and Dallas North Tollway.
Highland Park was formerly owned by some investors from Philadelphia.
4. Bellaire – $206,734
Bellaire is located in southwest Harris County. The city was founded by the president of the South End Land Company, William Baldwin Wright. Bellaire is surrounded by West University Place and Houston.
The city was formerly an agricultural and residential hub that started in the middle of Westmoreland Farms. Bellaire is known for its coolness, hence the name ‘’Bellaire’’ which means ‘’Good Air’’.
Bellaire City, the second richest city in Texas, United States of America is well known as the City of Homes because of its feature characterized by residents mostly. The cities of Houston and West University place surrounded Bellaire City in Texas. It is between the Houston -sugar -land -Baytown. It is a southwestern city in Harris County, Texas, United States.
Bellaire’s population was estimated at 18,593 from its 2016 population census reports. In economy, Bellaire City has light industrial, mixed-use of public and private uses and then the commercial properties.
5. Terrell Hills – $181,979
Terrell Hills was named after a local bank president who served as a mayor of San Antonio, Dr. Terrell Frederick. It is located in Bexar County. Terrell Hills began to develop as a city when Dr. Terrell sold some acres of the city to Terrell Hills Community.
This is a town or city that is within a Bexar County, Texas State in the United States of America. Its population was 4,878 from the 2010 population census. Olmos Park, Terrel Hills, Alamo Heights are all part of the three major cities.
The three major cities are situated along the Midtown San Antonio, Uptown San Antonio, Fort Sam Houston, and then Downtown San Antonio. Terrell Hills has these cities as its boundaries: San Antonio’s Near Eastside by southern part, on the Eastern part, it has Fort Sam Houston on its East, and lastly Uptown San Antonio on its North.
6. Prosper (Dallas Fort-Worth) – $146,733
Prosper is located within Dallas-Fort Worth metropolitan area. The city can be found in Collin and Denton Counties. The first residents of the city used it for agricultural purposes. The development of Prosper City accelerated when the county courts commanded that parts of the land should be sold.
7. Alamo Heights – $141,048
Alamo height ranks the seventh on our list. This incorporated city is almost surrounded by San Antonio. Parts of the University of the Incarnate Word were in Alamo Heights.
8. Fair Oaks Ranch – $128,398
Fair Oaks Branch can be found in three counties in the United States- Bexar County, Kendall County, and Comal County. The name of the city was derived from was from Ralph Fair Sr., who acquired it in the 1930s.
Fair Oaks Ranch, Texas is part of the San Antonio Metropolitan statistician Area with a population of 5,986 from its 2010 population census results. It is a city located within a Bexar, in Comal, and within a Kendall County in the Texas State of United States. The residents are having occupations which made it have a low rate of unemployment.
9. Celina – $124,375
Celina was established in 1879 and named after the first postmaster town, Celina Tennessee. A schoolhouse that also served as a Methodist church was the first building that was constructed in the city. A post office, stores, school, and other buildings followed.
Celine Park was the first road constructed for automobiles in Celine.
10. Melissa – $118,348
Melissa is the last on our list of the top ten richest cities in Texas. The city is located in the north-central Collin County. The population of the city increased over the years. The center of Dallas is 64 km southwest of Melissa.
Collin County in Texas State, United States is a place where Melissa city is located. When it comes to its economy of Melissa, Texas, its unemployment rate is 3.60% accompanied by 3.09% job growth and 42.58% predicted to be its job growth over the coming ten years time.
Description Of Texas As A State
Texas has a different landscape that is identical to both the US southern and Southwestern regions as a result of its size and geological characters as seen in the Balcones fault. Over 10% of Texas land area is mostly a desert even though it is largely dominated by the US southwestern deserts, most of the people that form the population of Texas mostly reside on the former prairies, forests, coastline, and grasslands areas.
During the era of World War II, four major countries designed the economy of Texas historically, also the cattle industry stands as a major economic driver for the State before and after the US civil war. The cattle industry that serves as a major economic growth for Texas produced the primitive image of the Texas Cowboy. In the 20th century, the finding of major petroleum deposits particularly the Spindletop increased its economic growth and eventually serve as the major driving force behind its economy.
Diversification of the economy and high technology industries increased the Texas economy in the mid 20th century. The several nations that had ruled over the territory of Texas are termed as the “Six Flags Over Texas”. Texas is the leading state in terms of agriculture, electronics, biomedical sciences, computers, energy, and aerospace with the emergence of its well-grown industry base.
Wealthiest Cities In Texas
In terms of revenue, Texas has been a leading state in exportation since the year 2002. Because of its increased exportation rate, it has stood to be the second-highest gross state product.
By extension, Texas is closely 1,600km away from the Northern part to its Southern part still maintaining the unchanged distance from the East to the West. Apart from Alaska, Texas dominate the entire South-central segment of the nation and it stands without any rival as the biggest state in the area.
Texas is generally sub-grouped into two broad ways, which are the East and the West. Whereas the Wet climate featured with cotton tied to the old South is associated with West Texas, the East on its own is known for its dryness characterized by an affinity and ranching of cattle. Its total population was 28,304,596 as of the 2017 report of population census and 25,145,561 total population as at 2010 population census reports.
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West University Place earned first place from the wealthiest city in Texas list. Two well-to-do Dallas-area communities, Southlake and Highland Park secured second and third place consecutively. Bellaire, a city of $206,734 median household income ranked fourth.
Terrell Hills, located in Bexar County made it to fifth place. Prosper (Dallas Fort-Worth), located between two counties took sixth place. Alamo Heights ranked seventh, Fair Oaks Ranch ranked eighth, Celina ranked ninth, and Melissa took tenth place on our list of richest cities in Texas.
By area and population, Texas stands as the second-largest state in the United States of America. Texas has the following boundaries with the other states in the US. it joined Arkansas to the Northeast, New Mexico to the West, United States of Louisiana to the East, Oklahoma to the North, Mexican States of Chihuahua, Nuevo, Tamaulipas, and Coahuila to the Southwest, and to the Southeast, it borders the Gulf of Mexico.