Mo’ money

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

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

4441 Belfort Pl, Highland Park
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