These Are The 10 Richest Cities In Texas For 2018

We analyzed over 387 places in Texas to determine where the 1% live.

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Terrell Hills, Bellaire, Trophy Club: These cities aren’t just some of the best places to live in Texas. They are also home to some of the richest people in the Lone Star State.

Terrell Hills in particular houses the richest residents in the state thanks, in part, to a median household income of $180,128 and a ridiculously low poverty rate of 1.4%.

If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Texas share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 345 places in Texas with more than 5,000 people.

At the end of the day, here’s the set of the 10 richest places in Texas for 2018:

  1. Terrell Hills (Photos | Homes For Sale)
  2. Bellaire (Photos | Homes For Sale)
  3. Trophy Club (Photos | Homes For Sale)
  4. Fair Oaks Ranch (Homes For Sale)
  5. West University Place (Photos | Homes For Sale)
  6. Melissa (Photos | Homes For Sale)
  7. Helotes (Photos | Homes For Sale)
  8. Colleyville (Photos | Homes For Sale)
  9. Southlake (Photos | Homes For Sale)
  10. University Park (Photos | Homes For Sale)

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Texas.

Rich people not your cup of tea? Feel free to check out the best places to live in Texas or the poorest.

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How We Determined The Richest Places In Texas For 2018

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 2012-2016 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 345 places with more than 5,000 people in Texas, we ranked each place from 1 to 345 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 Place In Texas For 2018’.

You can learn more about the top ten below or skip to the end to see the rankings for all 345 places.

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1. Terrell Hills

Terrell Hills, Texas

Population: 5,190
Median Income: $180,128
Unemployment Rate: 2.0%
Poverty Rate: 1.4%
More on Terrell Hills: Homes For Sale | Data

2. Bellaire

Bellaire, Texas

Source: Public domain

Population: 18,140
Median Income: $187,805
Unemployment Rate: 2.1%
Poverty Rate: 1.7%
More on Bellaire: Homes For Sale | Data
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.

3. Trophy Club

Trophy Club, Texas

Population: 10,987
Median Income: $133,457
Unemployment Rate: 2.0%
Poverty Rate: 2.2%
More on Trophy Club: Homes For Sale | Data
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.

4. Fair Oaks Ranch

Population: 8,582
Median Income: $125,119
Unemployment Rate: 2.4%
Poverty Rate: 1.5%
More on Fair Oaks Ranch: Homes For Sale | Data
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.

5. West University Place

West University Place, Texas

Source: Public domain

Population: 15,318
Median Income: $220,868
Unemployment Rate: 2.7%
Poverty Rate: 2.7%
More on West University Place: Homes For Sale | Data
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.

6. Melissa

Melissa, Texas

Source: Public domain

Population: 6,844
Median Income: $101,518
Unemployment Rate: 2.2%
Poverty Rate: 0.9%
More on Melissa: Homes For Sale | Data
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.

7. Helotes

Helotes, Texas

Population: 8,329
Median Income: $114,063
Unemployment Rate: 2.0%
Poverty Rate: 2.5%
More on Helotes: Homes For Sale | Data
Helotes (/hlots/ h-LOH-tiss) is a city in Bexar County, Texas, United States, located on the far northwest side of San Antonio. It is part of the San Antonio-New Braunfels Metropolitan Statistical Area. The population was 7,341 at the 2010 census.

8. Colleyville

Colleyville, Texas

Population: 24,982
Median Income: $162,183
Unemployment Rate: 3.2%
Poverty Rate: 1.9%
More on Colleyville: Homes For Sale | Data

9. Southlake

Southlake, Texas

Population: 29,101
Median Income: $189,432
Unemployment Rate: 3.3%
Poverty Rate: 2.5%
More on Southlake: Homes For Sale | Data
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.

10. University Park

University Park, Texas

Population: 24,346
Median Income: $198,438
Unemployment Rate: 3.6%
Poverty Rate: 4.2%
More on University Park: Homes For Sale | Data
University Park is a city in Dallas County, Texas, United States, an inner northern suburb of Dallas. The population was 23,068 at the 2010 census. The city is home to Southern Methodist University.

There You Have It – The Wealthiest Places In Texas For 2018

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: Commerce
2nd Poorest: Elsa
3rd Poorest: Prairie View

For more Texas reading , check out:

  • 10 Worst Places To Live In Texas
  • 10 Best Places To Live In Texas
  • 10 Cheapest Places To Live In Texas
  • Detailed List Of The Richest Cities In Texas

    City Rank Median Income
    Terrell Hills 1 $180,128
    Bellaire 2 $187,805
    Trophy Club 3 $133,457
    Fair Oaks Ranch 4 $125,119
    West University Place 5 $220,868
    Melissa 6 $101,518
    Helotes 7 $114,063
    Colleyville 8 $162,183
    Southlake 9 $189,432
    University Park 10 $198,438
    Coppell 11 $114,839
    Keller 12 $122,292
    Fate 13 $99,667
    Highland Village 14 $138,058
    Prosper 15 $120,270
    Sachse 16 $93,270
    Flower Mound 17 $123,492
    Frisco 18 $117,642
    Woodway 19 $79,019
    League City 20 $97,087
    Allen 21 $102,215
    Celina 22 $94,856
    Selma 23 $78,157
    Mansfield 24 $90,216
    Hewitt 25 $70,313
    Pearland 26 $96,954
    Murphy 27 $118,843
    Mckinney 28 $83,257
    Cedar Park 29 $87,466
    Manvel 30 $82,170
    Midlothian 31 $72,956
    Lumberton 32 $65,151
    Highland Park 33 $189,485
    Sugar Land 34 $108,504
    Buda 35 $72,020
    Portland 36 $59,199
    Alamo Heights 37 $110,980
    Heath 38 $150,319
    Corinth 39 $87,167
    Seabrook 40 $84,764
    Rockwall 41 $89,173
    Benbrook 42 $66,448
    Lakeway 43 $113,591
    Anna 44 $76,198
    Pflugerville 45 $77,899
    Schertz 46 $77,139
    Friendswood 47 $95,241
    Roanoke 48 $62,878
    Little Elm 49 $87,933
    Grapevine 50 $81,571
    Wylie 51 $82,139
    Lake Jackson 52 $75,473
    Plano 53 $85,085
    Sanger 54 $57,464
    Providence Village 55 $87,083
    Midland 56 $71,500
    Addison 57 $70,559
    Kyle 58 $72,191
    Live Oak 59 $61,873
    Leander 60 $83,550
    Cibolo 61 $91,827
    Robinson 62 $76,316
    Whitehouse 63 $64,196
    Forney 64 $73,524
    Burleson 65 $72,670
    Fairview 66 $73,339
    Sunnyvale 67 $126,250
    Bridge City 68 $67,236
    North Richland Hills 69 $63,537
    Bee Cave 70 $93,160
    Carrollton 71 $70,072
    New Braunfels 72 $61,618
    Weatherford 73 $57,759
    Seminole 74 $51,613
    Jersey Village 75 $65,345
    Red Oak 76 $70,250
    Kennedale 77 $71,875
    Katy 78 $71,739
    Bedford 79 $62,701
    Iowa Park 80 $44,907
    Azle 81 $57,923
    Richland Hills 82 $50,481
    Nederland 83 $64,801
    Boerne 84 $61,259
    Pleasanton 85 $59,646
    Georgetown 86 $64,256
    Rowlett 87 $85,565
    Saginaw 88 $81,070
    Universal City 89 $60,219
    Ingleside 90 $60,414
    Richardson 91 $74,877
    The Colony 92 $73,830
    Stafford 93 $59,402
    Angleton 94 $54,322
    Marble Falls 95 $41,426
    Lewisville 96 $57,549
    Windcrest 97 $75,972
    Joshua 98 $51,762
    Round Rock 99 $74,087
    Lake Dallas 100 $68,785

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