11 Richest Cities in Texas

By PropertyClub Team
Dec 15th 2022
With its beautiful residential architecture, stunning views, and low taxes, Texas is becoming an increasingly popular alternative to the expensive west coast. Individuals of all ages flock to the Lone Star state, seeking luxury living for a fraction of what it might cost elsewhere. If you’re looking to relocate, this guide to the 11 richest cities in Texas will help you find the best areas to turn your dreams of upscale living into reality. 

hash-mark11 Richest Cities in Texas

  1. Highland Park
  2. Hunters Creek Village
  3. West University Place
  4. University Park
  5. Alamo Heights
  6. Southlake
  7. Terrell Hills
  8. Fair Oaks Ranch
  9. Trophy Club
  10. The Woodlands
  11. Flower Mount

hash-mark1. Highland Park

The richest city in Texas is Highland Park. An upscale area located in central Dallas, this beautiful neighborhood possesses both a small-town atmosphere and big-city amenities. Townhouses and condos rule this area’s local real estate market, and an abundance of sidewalk space makes it easy for residents to walk or bike along the tree-lined streets. The Highland Park Village also offers a great selection of local boutiques and high-end retailers. With the highest per capita income ($159k) and home prices ($2.4M) in the state, Highland Park is perfect for anyone interested in an upscale neighborhood with first-class amenities. 

hash-mark2. Hunters Creek Village

Hunters Creek Village is another one of the wealthiest cities in Texas. Hunters Creek Village is located in the Greater Houston metropolitan area and is home to just over 5,000 wealthy residents. Members of the Hunters Creek Village community enjoy an affluent, laid-back lifestyle surrounded by exquisite architecture, hiking trails, biking paths, and some of the best schools in the state. Its per capita income ($159k) and average home prices ($2.3M) are some of the highest in all of Texas, keeping Hunters Creek Village a frontrunner for luxury living. 

hash-mark3. West University Place

Located only minutes from downtown Houston, West University Place is an affluent, highly-sought after neighborhood. Its unique combination of bustling local businesses, boutiques, restaurants, coffee shops, and bars gives this area a general air of fortune. The resident base is mostly composed of students and young professionals, both of which help to keep the streets alive with commerce and entertainment. The residential architecture of this area ranges from beautiful, colonial-style brick homes to multi-million dollar mansions, keeping average home prices close to $1.6 Million. And, with a local per capita income of roughly $128k, this area is ideal for individuals interested in a wealthy lifestyle.

hash-mark4. University Park

University Park is considered one of the overall most affluent neighborhoods in Texas. In 2018, it was even ranked the 2nd wealthiest city in the nation based on data from the American Community Survey. The town’s namesake, Southern Methodist University, attracts students and young professionals alike, keeping the resident base young and well-educated. Though the local poverty rate in this town is slightly higher than other areas on this list, the area’s per capita income ($106k) and average home price (2.0M) are still some of the highest in the entire state.

hash-mark5. Alamo Heights

Alamo Heights is one of the wealthiest cities within the San Antonio Metropolitan area. It is located only a few minutes from the city center and is best known for its charming collection of tree-lined streets, cottage-style architecture, and easy access to downtown. Alamo Heights is a highly coveted neighborhood with a population of 8,374 people. Due to its central location and proximity to major local employers, white-collar jobs make up roughly 98% of the city’s local market. These high-yield professionals create a per capita income of roughly $101,000 and help to maintain the city’s reputation as one of the wealthiest in the state.

hash-mark6. Southlake

With a per capita income of nearly $100k, Southlake is one of the richest cities near Dallas. It is a hub for large corporations, such as Sabre Holdings, Neiman Marcus, and Santander Consumer USA – all of which help keep the local community well-employed. Its relatively low poverty rate also tends to make Southlake an expensive area, with home prices averaging around $1.1M. Additionally, the city’s per capita income ($99k) and household spending are roughly double the nation’s average, making this area perfect for anyone who prefers a lavish lifestyle.  

hash-mark7. Terrell Hills

With a population of only 5,371 people, Terrell Hills may be one of the smallest cities in all of Texas, but it is also one of the richest. Its local per capita income of $84k is nearly triple the state’s average, which earned it the number one position in HomeSnack’s list of wealthiest Texas cities back in 2021. Major employers like the Valero Energy Corporation and NuStar Energy help to supply the area’s job market with high-yield professions. This keeps local incomes stable ($84k) and local poverty rates below 1%. Additionally, the city’s stunning architecture and accessibility to downtown San Antonio make it a superb market for high-end living. 

hash-mark8. Fair Oaks Ranch

Fair Oaks Ranch boasts one of the wealthiest metropolitan areas in all of Texas. Perfect for anyone interested in a big-city lifestyle, this area is home to an abundance of highly acclaimed restaurants, shopping centers, and luxury neighborhoods. Its central location gives residents easy access to an abundance of local employers and job opportunities, which keeps the per capita income around $75k. At an average of $741k, home prices in this area can be expensive – more than double the state’s average. This high homeownership cost leads most residents to rent homes rather than purchase them outright. Even so, Fair Oaks Ranch is sure to impress those interested in a more affluent neighborhood. 

hash-mark9. Trophy Club

Trophy Club is another one of the richest cities in Texas that is known for its acres of greenspaces, parks, golfing communities, and lake access. It has a per capita income of $69k, which is more than double the state average. The residents of Trophy Club are typically well-educated professionals, with 97.1% holding a bachelor’s degree or higher. This highly educated residence base, along with a myriad of local employers, keeps the local workforce saturated and poverty levels low, making Trophy Club an ideal place to raise a family. The city is also perfect for health-conscious individuals who prefer a wealthy community of tightly-knit individuals.

hash-mark10. The Woodlands

The Woodlands is a successful, master-planned community that was first developed in the 1960s. Today, the city takes pride in a variety of scenic walking trails, golfing communities, kayaking trips, live music festivals, and more. These local amenities typically attract nature-loving residents who want the best parts of an affluent city life without the inner city prices. While average home values in this area tend to be slightly lower ($529k), a high per capita income keeps this beautiful, forested area one of the richest in all of Texas.

hash-mark11. Flower Mound

Flower Mound is another of the richest cities for environmentalists and nature lovers alike. Ideally situated between Grapevine Lake and Lake Lewisville, this city possesses some of the most stunning green spaces, walking trails, biking paths, and equestrian centers in the state. An area that attracts wealth and stability, Flower Mound boasts an aesthetic community layout, high per capita income ($60k), and high average home values ($615k). With all of this and more, it’s no wonder Money magazine recently ranked Flower Mound as the nation’s fourth “Best Place to Live” for 2021-2022. 

hash-markRichest Cities in Texas Comparison

City Name

Per Capita Income

Avg. Home Price

Highland Park

$159,337

$2.4 Million

Hunters Creek Village

$159,203

$2.3 Million

West University Place

$128,050

$1.6 Million

University Park

$106,182

$2.0 Million

Alamo Heights

$100,586

$752,302

Southlake

$98,952

$1.1 Million

Terrell Hills

$84,387

$898,412

Fair Oaks Ranch

$75,205

$741,927

Trophy Club

$69,423

$689,850

The Woodlands

$67,290

$529,269

Flower Mound

$60,537

$615,191

hash-markRichest Cities in Texas Methodology

To compile our list of the wealthiest cities in Texas, we looked at data from 2021 and 2022 on local per capita income and poverty rates. We also considered the median home price in each city between January and November 2022. Cities in this list were included if they had at least 5,000 residents. That means that smaller communities like Piney Point Village, which has an average home price of over $3 million, were excluded as they had a population below 5,000.