Mo’ money

6 affluent Dallas-Fort Worth cities cash in as the richest in Texas

Highland Park ranks third in the state.

Photo courtesy of Briggs Freeman Sothebys International

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

A new list from data provider HomeSnacks ranks six spots in North Texas 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.”

Highland Park takes the No. 3 spot statewide, jumping significantly from No. 25 in 2019. The affluent Dallas neighbor boasts a median household income of $207,019, an unemployment rate of 2.3 percent, and a poverty rate of 2.7 percent.

At No. 4 is the city of Melissa, located in Collin County, with a median household income of $113,532. Following it are Trophy Club, No. 6, with a median household income of $142,483, and Willow Park, No. 7, with a median household income of $119,511.

The final two North Texas cities on the list are Southlake, No. 8, with an income of $230,700, and Coppell, No. 10, with an income of $123,802.

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

lists rankings

Fun times in the city

Dallas swings a spot on new list of most fun cities in U.S. for 2024

Topgolf Facebook

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Dallas just wants to have fun, according to WalletHub's new ranking of the most fun cities in America in 2024.

The annual report ranked Dallas No. 31 out of 182 U.S. cities.

WalletHub's experts compared each city using 65 metrics to determine their level of "fun." Metrics were split among three main categories: entertainment and recreation, nightlife and parties, and cost.

According to the study's findings, Dallas was 24th nationally in the category for nightlife and parties, and ranked No. 39 in the "entertainment and recreation" category. That may be especially alluring for anyone who wants to explore the city's vast entertainment opportunities (especially during the holiday season), family-friendly recreational activities, top dining destinations, and more. Plus, Dallas is home to entertainment juggernauts like the State Fair of Texas and TopGolf.

Dallas performed poorly in the overall cost category, earning No. 114 out of all 182 cities. However, this category mostly compares flat costs rather than affordability based on local cost of living.

Potential new Dallasites should do their research before deciding to move here, rather than basing their decision on short trips and vacations alone. But we won't blame them for wanting to live in one of the best cities in the world.

"The top cities offer affordable options for year-round fun for their residents, which is good for residents’ wallets and their mental health," said WalletHub analyst Chip Lupo in the report.

Austin (No. 6) and Houston (No. 9) were the only Texas cities to earn a spot in the top 10 most fun U.S. cities list. Austin moved up one spot from last year, while Houston made a 10-place jump.

Other fun-filled Texas cities that made it in the top 100 are El Paso (No. 53), Fort Worth (No. 55), Plano (No. 78), Arlington (No. 79), and Corpus Christi (No. 99).

The top 10 most fun U.S. cities are:

No. 1 – Las Vegas, Nevada
No. 2 – Orlando, Florida
No. 3 – Miami, Florida
No. 4 – Atlanta, Georgia
No. 5 – New Orleans, Louisiana
No. 6 – Austin, Texas
No. 7 – San Francisco, California
No. 8 – Chicago, Illinois
No. 9 – Houston, Texas
No. 10 – New York City, New York

Cities were evaluated based on the number of attractions per capita, nightlife activities per capita, the average prices for eating at a restaurant or buying a movie ticket, and more. Data was sourced from the U.S. Census Bureau, The Trust for Public Land, and the Council for Community and Economic Research, among others.

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