Mo’ money

These affluent Houston suburbs cash in as the richest cities in Texas

These affluent Houston suburbs cash in as the richest cities in Texas

Good Brick Awards 2015 Nature Discovery Center historic Henshaw House in Bellaire
Bellaire ranks second in the state. Photo courtesy of © Carl Mayfield Photography

Forget Beverly Hills. Move over, Manhattan. These Houston suburbs are cashing in as the richest in Texas for 2020.

A new list from data provider HomeSnacks ranks two Houston neighbors among the 10 richest places in the state with at least 5,000 residents. The company analyzed four factors to arrive at that conclusion: poverty rate, median household income, and unemployment rate, as well as “where the richest of the rich live.”

At No. 2 in Texas is Bellaire. The affluent Houston neighbor boasts a median household income of $201,629, an unemployment rate of 2.4 percent, and poverty rate of 1.7 percent. Bellaire also ranked second in Texas in 2019.

Not far behind is West University Place at No. 5, with a median household income of $250,001, unemployment rate of 2.9 percent, and poverty rate of 1.7 percent. West U dropped two spots from the 2019 ranking, in which it placed third.

The title of richest city in Texas goes to Terrell Hills, situated just outside of downtown San Antonio. It boasts a median household income of $175,913, a 1.2 percent unemployment rate, and a 0.7 percent poverty rate, according to HomeSnacks. Terrell Hills also topped HomeSnacks’ 2019 list of the richest cities in Texas.

Here are the 10 richest cities in Texas for 2020, as determined by HomeSnacks.

1. Terrell Hills (San Antonio)
2019 rank: 1
Median household income: $175,913
Unemployment rate: 1.2 percent unemployment rate
Poverty rate: 0.7 percent

2. Bellaire (Houston)
2019 rank: 2
Median household income: $201,629
Unemployment rate: 2.4 percent
Poverty rate: 1.7 percent

3. Highland Park (Dallas-Fort Worth)
2019 rank: 25
Median household income: $207,019
Unemployment rate: 2.3 percent
Poverty rate: 2.7 percent

4. Melissa (Dallas-Fort Worth)
2019 rank: 5
Median household income: $113,532
Unemployment rate: 1.4 percent
Poverty rate: 0.3 percent

5. West University Place (Houston)
2019 rank: 3
Median household income: $250,001
Unemployment rate: 2.9 percent
Poverty rate: 1.7 percent

6. Trophy Club (Dallas-Fort Worth)
2019 rank: 6
Median household income: $142,483
Unemployment rate: 2.5 percent
Poverty rate: 2.4 percent

7. Willow Park (Dallas-Fort Worth)
2019 rank: Not ranked
Median household income: $119,511
Unemployment rate: 2.3 percent
Poverty rate: 2.1 percent

8. Southlake (Dallas-Fort Worth)
2019 rank: 4
Median household income: $230,700
Unemployment rate: 3 percent
Poverty rate: 2.2 percent

9. Fair Oaks Ranch (San Antonio)
2019 rank: 7
Median household income: $125,806
Unemployment rate: 2 percent
Poverty rate: 3.6 percent

10. Coppell (Dallas-Fort Worth)
2019 rank: 13
Median household income: $123,802
Unemployment rate: 2.5 percent
Poverty rate: 3.2 percent

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