Richest Cities In Texas For 2020


We analyzed 349 places in Texas to determine where the 1% live.

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in Texas.

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You either have to strike Texas gold -- oil that is --, be related to the Bush Presidents, own a cattle ranch, or have a bank account like Jerry Jones to live in our top ten richest cities in Texas for 2020.

If you're looking for safe cities and neighborhoods, amazing schools, grand swimming pools, great BBQ, and high-end ten gallon hat and #$%@-kicker stores with a bank account to match, you can stop your search. There are cities in the Lone Star State that have all of these five star amenities, and then some. And there are many cities in Texas that do just that. Is it like the 'Beverly Hillbillies' never left Texas in most of Texas' richest cities? Absolutely. And if you move to cities on our list like, Bellaire, you might find yourself living next to notables like Dennis Quaid or one of the members of the 2000 Little League Championship team.

How does one get their hand on one of these super wealthy cities? Well, a couple of things have to fall into place for you. First off, you need to find a job that pays close to $200,000/year. Might we suggest a job with USAA or Valero Energy in our number one richest city? Whether it's insuring millions of people or digging for oil, we're sure you'll stay busy and wealthy. Secondly, you have to be a hard worker. Unemployment rates and poverty rates in these Texas cities, barely reach 3.5%.

Monetary wealth does make a city rich, but there are cities on our list that are both rich in the dollar as well as rich in amenities. Cities on our list like Southlake and Trophy Club have some the fanciest golf courses. And cities like Fair Oaks Ranch and Prosper provide the idyllic Texas backdrop where you can chase tumbleweed for miles and/or ride your horse into the sunset. These cities have staycation written all over them. This means that you can keep money in your wallet to live that posh Texas lifestyle.

To see which cities came out on top of our wealthiest cities in Texas for 2020, take a look at the list below.

To narrow down the richest cities in Texas, we looked at several factors: poverty rate, median household income, unemployment rate; and obviously, where the richest of the rich live. The cities also had to have a population of at least 5,000.

This left us with 352 cities in the largest state, and one of the most populous states in the country.

What's the wealthiest city in Texas? According to the data, whe wealthiest city in Texas for 2020 is Terrell Hills.

So, if you care about living where there are great jobs and wealthy people, take a look the list below. The Lone Star State is calling.

Rich people not your cup of tea? Feel free to check out some more reading about Texas:

The 10 Richest Cities In Texas For 2020

Terrell Hills, TX

Overall SnackAbility

10
/10

Population: 5,330
Rank Last Year: 1 (No Change)
Median Income: $175,913
Unemployment Rate: 1.2%
Poverty Rate: 0.7%
More on Terrell Hills: Real Estate | Data | Photos

Bellaire, TX

Source: Public domain
Overall SnackAbility

10
/10

Population: 18,733
Rank Last Year: 2 (No Change)
Median Income: $201,629
Unemployment Rate: 2.4%
Poverty Rate: 1.7%
More on Bellaire: Real Estate | Data | Photos

Bellaire is a city in southwest Harris County, Texas, United States, within the Houston-Sugar Land-Baytown metropolitan area. As of the 2010 U.S. Census, the city population was 16,855 and is surrounded by the cities of Houston and West University Place.

Highland Park, TX

Overall SnackAbility

7.5
/10

Population: 9,145
Rank Last Year: 25 (Up 22)
Median Income: $207,019
Unemployment Rate: 2.3%
Poverty Rate: 2.7%
More on Highland Park: Real Estate | Data | Photos

Highland Park is a town in central Dallas County, Texas, United States. It is among the five wealthiest locations in Texas, and the most affluent suburb of Dallas. The population was 8,564 at the 2010 census. It is located between the Dallas North Tollway and U.S. Route 75, 4 miles north of downtown Dallas.

Melissa, TX

Source: Public domain
Overall SnackAbility

9
/10

Population: 8,492
Rank Last Year: 5 (Up 1)
Median Income: $113,532
Unemployment Rate: 1.4%
Poverty Rate: 0.3%
More on Melissa: Real Estate | Data | Photos

Melissa is a city in Collin County, Texas, United States. The population was 4,695 at the 2010 census, up from 1,350 at the 2000 census.

West University Place, TX

Source: Public domain
Overall SnackAbility

10
/10

Population: 15,619
Rank Last Year: 3 (Down 2)
Median Income: $250,001
Unemployment Rate: 2.9%
Poverty Rate: 1.7%
More on West University Place: Real Estate | Data | Photos

West University Place, often called West University or West U for short, is a city located in the U.S. state of Texas within the Houston-The Woodlands-Sugar Land metropolitan area and southwestern Harris County. As of the 2010 U.S. Census, the population of the city was 14,787. It is nicknamed "The Neighborhood City" and is mainly a bedroom community for upper-class families.

Trophy Club, TX

Source: Town of Trophy Club
Overall SnackAbility

10
/10

Population: 11,790
Rank Last Year: 6 (No Change)
Median Income: $142,483
Unemployment Rate: 2.5%
Poverty Rate: 2.4%
More on Trophy Club: Real Estate | Data | Photos

Trophy Club is a wealthy northern suburb of the Dallas-Fort Worth metroplex. It is Texas- first premiere planned community, built around the only golf course designed by Ben Hogan. The Trophy Club Country Club features two, 18-hole premiere golf courses. Trophy Club residents enjoy miles of planned pathways, beautiful medians, and over 1,000 acres of parks. It is located in Denton and Tarrant counties in the U.S. state of Texas. The population was 8,024 at the 2010 Census. It has been acknowledged multiple times by D Magazine as one of the best places to live in Dallas-Fort Worth.

Overall SnackAbility

9
/10

Population: 5,110
Rank Last Year: -
Median Income: $119,511
Unemployment Rate: 2.3%
Poverty Rate: 2.1%
More on Willow Park: Real Estate | Data

Willow Park is a city in Parker County, Texas, United States.

Willow Park was the location of Trinity Meadows Race Track, one of the first horse racing tracks opened once Texas legalized parimutuel betting. However, it was never seriously considered for upgrade to first-class status, and once Lone Star Park opened, Trinity Meadows Race Track closed. It is home to Squaw Creek golf course, located just off Ranch House Road.

Southlake, TX

Overall SnackAbility

10
/10

Population: 30,840
Rank Last Year: 4 (Down 4)
Median Income: $230,700
Unemployment Rate: 3.0%
Poverty Rate: 2.2%
More on Southlake: Real Estate | Data | Photos

Southlake is a city located predominantly in Tarrant County with minor areas extending into Denton County in the U.S. state of Texas. Southlake is a suburb in the Dallas/Fort Worth Metropolitan area. As of the 2010 census it had a population of 26,575. Southlake is known for public schools, Southlake Town Square, its wealth, Gateway Church and Carroll High School's 8-time state champion Football and Men's Swim & Dive team.

Fair Oaks Ranch, TX

Overall SnackAbility

10
/10

Population: 10,857
Rank Last Year: 7 (Down 2)
Median Income: $125,806
Unemployment Rate: 2.0%
Poverty Rate: 3.6%
More on Fair Oaks Ranch: Real Estate | Data | Photos

Fair Oaks Ranch is a city in Bexar, Comal, and Kendall counties in the U.S. state of Texas. The population was 5,986 at the 2010 census. It is part of the San Antonio Metropolitan Statistical Area.

Coppell, TX

Overall SnackAbility

10
/10

Population: 41,512
Rank Last Year: 13 (Up 3)
Median Income: $123,802
Unemployment Rate: 2.5%
Poverty Rate: 3.2%
More on Coppell: Real Estate | Data | Photos

Coppell is a city in the northwest corner of Dallas County in the U.S. state of Texas. It is a suburb of Dallas and a bedroom community in the Dallas-Fort Worth metroplex. The population was 38,659 at the 2010 census. A small area in the far northern portion of the city extends into neighboring Denton County.

How We Determined The Richest Places In Texas For 2020

Map Of The Richest Places To Live In Texas
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 352 places with more than 5,000 people in Texas, we ranked each place from 1 to 352 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Terrell Hills, crowned the "Richest City In Texas For 2020". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 352 places.

There You Have It - The Wealthiest Places In Texas For 2020

Like we said earlier, when we set out to identify the richest places in Texas, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Texas.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you're curious enough, here are the poorest cities in Texas, according to data:

Poorest: Raymondville
2nd Poorest: Prairie View
3rd Poorest: Robstown

For more Texas reading, check out:

Detailed List Of The Richest Cities In Texas

Rank City RichScore Median Income
1 Terrell Hills 3.67 $175,913
2 Bellaire 8.67 $201,629
3 Highland Park 9.67 $207,019
4 Melissa 11.0 $113,532
5 West University Place 13.0 $250,001
6 Trophy Club 15.0 $142,483
7 Willow Park 15.67 $119,511
8 Southlake 15.67 $230,700
9 Fair Oaks Ranch 17.67 $125,806
10 Coppell 20.33 $123,802
11 Fate 20.33 $108,237
12 Prosper 21.33 $140,815
13 Colleyville 22.67 $175,369
14 Celina 23.67 $112,176
15 Lakeway 24.0 $131,230
16 Keller 25.33 $133,266
17 University Park 28.33 $214,477
18 Fairview 32.0 $92,159
19 Anna 33.67 $88,065
20 Flower Mound 35.0 $134,184
21 Buda 35.33 $84,011
22 Cedar Park 35.67 $101,845
23 Manvel 36.33 $94,956
24 Midlothian 38.33 $83,378
25 Pearland 39.0 $102,891
26 Frisco 39.67 $127,133
27 Highland Village 40.0 $143,854
28 Leander 41.67 $92,426
29 Sunnyvale 44.0 $137,969
30 Bee Cave 44.67 $97,333
31 Mansfield 44.67 $96,253
32 Alamo Heights 46.0 $132,313
33 Woodway 47.67 $81,515
34 Hewitt 49.17 $73,600
35 Lucas 53.0 $173,750
36 Sachse 57.33 $101,253
37 Allen 58.0 $106,736
38 Roanoke 58.67 $88,958
39 Nederland 60.67 $75,134
40 Cibolo 61.0 $97,277
41 Grapevine 61.0 $85,722
42 Burleson 61.67 $77,342
43 Fulshear 64.67 $175,242
44 The Colony 65.0 $83,094
45 Seabrook 66.0 $86,738
46 Sugar Land 66.0 $122,233
47 Mckinney 66.67 $89,964
48 Lumberton 67.67 $71,754
49 Portland 68.0 $67,807
50 Rockwall 69.0 $92,269
51 Plano 69.67 $92,121
52 Pflugerville 70.0 $88,232
53 Wylie 70.67 $93,637
54 Schertz 71.0 $82,647
55 Friendswood 71.0 $104,097
56 League City 71.33 $104,831
57 Kyle 71.67 $74,826
58 Richland Hills 71.67 $61,431
59 Midland 73.33 $79,744
60 Benbrook 73.33 $71,281
61 Farmers Branch 74.67 $71,032
62 Bridge City 77.0 $74,118
63 Helotes 79.0 $131,379
64 Carrollton 82.33 $75,820
65 Katy 82.67 $77,731
66 Corinth 83.67 $96,670
67 Providence Village 84.33 $91,645
68 Robinson 85.33 $76,007
69 Hondo 86.33 $52,191
70 Murphy 87.0 $132,589
71 Richardson 87.33 $80,953
72 Heath 89.0 $155,488
73 New Braunfels 89.33 $67,510
74 Bedford 89.67 $66,636
75 Little Elm 93.0 $95,377
76 Joshua 93.33 $58,586
77 Kennedale 96.33 $75,000
78 Bastrop 96.67 $61,538
79 Iowa Park 96.67 $50,705
80 Sanger 97.0 $62,606
81 Lake Jackson 97.0 $82,282
82 Addison 97.33 $73,383
83 Seminole 98.0 $50,792
84 Selma 98.0 $74,293
85 Bulverde 98.33 $103,750
86 Red Oak 103.67 $68,570
87 Euless 106.0 $63,327
88 Round Rock 107.67 $80,637
89 Angleton 108.0 $55,142
90 Converse 108.33 $70,726
91 Weatherford 108.67 $62,594
92 Saginaw 109.33 $79,625
93 Lewisville 109.67 $63,056
94 Dayton 109.67 $50,141
95 Pleasanton 110.33 $62,930
96 River Oaks 110.33 $51,840
97 Boerne 111.33 $63,420
98 Dalhart 112.67 $55,657
99 Georgetown 113.0 $71,410
100 Rowlett 113.67 $96,286

How Is The Area In ?

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.

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