Richest Neighborhoods In Dallas, TX For 2020


We used science and data to determine which Dallas neighborhoods have the richest people.

Editor’s Note: We updated this article for 2020. This is our fifth time ranking the richest neighborhoods to live in Dallas.
Richest Neighborhoods In Dallas

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they probably aren’t made of ticky tacky, they are definitely made of money.

These are the wealthiest neighborhoods that Dallas has to offer. Where houses go for over 6.92x the national median and household incomes are 3.61x the national median.

But where exactly in Dallas do the richest of the rich people live? That would be University Park where the median income is a cool $198,578.

Here’s a look at the top 10 richest neighborhoods in Dallas out of 34 for 2020.

What’s the richest neighborhood to live in Dallas for 2020? According to the most recent census data, University Park looks to be the richest Dallas neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $1,121,721. And that my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky. Continue on to find where your neighborhood ranks amongst the richest in Dallas. Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from richest to poorest.

For more Dallas reading, check out the best neighborhoods in Dallas and the worst neighborhoods in Dallas. Or, for living around Dallas, out the best Dallas suburbs and the worst Dallas suburbs.

For more Texas reading, check out:

How We Determined The Wealthiest Neighborhoods In Dallas For 2020

Every city has it’s best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.

And by no one, we really mean you because there’s always someone richer than you.

How do you quantify richer than you? We looked at one simple criterion:

Which neighborhoods have the highest median income?

Using census and extrapolated BLS data, we ranked every neighborhood based on income levels.

We ranked every neighborhood in Dallas by median income from highest to lowest. The neighborhood with the highest median income, University Park, was named the richest neighborhood in Dallas.

The poorest neighborhood? That would be Northwest Dallas.

Now a look at how all the neighborhoods in Dallas ranked.

For more Texas reading, check out:

Detailed List Of The Richest Neighborhoods In Dallas For 2020

Rank Neighborhood Median Household Income<
1 University Park $198,578
2 Highland Park $197,247
3 North Dallas $120,158
4 Bluffview $114,929
5 Reunion District $90,542
6 Preston Hollow $84,470
7 Oak Lawn $80,066
8 Convention Center District $78,583
9 Government District $78,574
10 Main Street District $78,574
11 Arts District $75,370
12 M Streets $75,322
13 City Center District $74,248
14 Far North $73,621
15 Near East $72,418
16 West End Historic District $69,306
17 Farmers Market District $66,616
18 Northeast Dallas $64,134
19 Oak Cliff $53,128
20 Lake Highlands $50,989
21 Southwest Dallas $46,755
22 Lake Caroline $43,241
23 Cockrell Hill $42,243
24 Love Field Area $41,582
25 Winnetka Heights $40,266
26 Wolf Creek $37,023
27 Eagle Ford $36,658
28 South Dallas $34,588
29 Southeast Dallas $34,440
30 Urbandale-Parkdale $33,974
31 South Boulevard-Park Row $30,213
32 Five Mile Creek $26,902
33 Cedar Crest $26,592
34 Northwest Dallas $18,936

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.