12 Richest Cities Texas By Median Income (2024)

Texas is home to some of the wealthiest cities in the United States. These cities are characterized by high incomes, low unemployment rates, and high quality of life. In this article, we will explore the top ten richest cities in Texas, highlighting their economic and social features.

The richest cities in Texas are Plano, Frisco, Sugar Land, McKinney, Flower Mound, The Woodlands, Southlake, Colleyville, Trophy Club, and Prosper. Plano, Frisco, and Sugar Land are all located within the Dallas-Fort Worth metropolitan area, and are the wealthiest cities in Texas.

All three cities have median household incomes well above the national average. Plano and Frisco are particularly notable for their thriving job markets and low unemployment rates. McKinney and Flower Mound are both located in the Dallas metropolitan area and are known for their low crime rates and high quality of life.

The Woodlands, Southlake, Colleyville, Trophy Club, and Prosper are all located in the greater Houston area. All five cities have median household incomes above the national average and boast a low unemployment rate.

12 Richest Cities Texas (2024)

1. Houston

Houston is the most populous city in Texas and the fourth most populous city in the United States. It is the economic center of the Houston–The Woodlands–Sugar Land metropolitan area, which is the sixth most populous metropolitan area in the United States.

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The city is home to many corporate headquarters, energy and oil companies, healthcare and medical research institutions, and is the birthplace of the United States’ space industry.

2. Dallas

Dallas is a major city in the U.S. state of Texas and is the largest urban center of the fourth most populous metropolitan area in the United States. It is the most populous city in the Dallas–Fort Worth metroplex, which is the fourth most populous metropolitan area in the United States.

The city’s economy is primarily based on banking, commerce, telecommunications, technology, energy, healthcare, medical research, and transportation.

3. San Antonio

San Antonio is the seventh most populous city in the United States and the second most populous city in the state of Texas. It is the economic and cultural hub of South Texas and is home to the famous Alamo and the River Walk.

The city is also known for its strong military presence, with five military bases located in and around the city, including Fort Sam Houston, Lackland Air Force Base, Randolph Air Force Base, and Camp Bullis.

4. Austin

Austin is the capital of Texas and the 11th most populous city in the United States. It is the economic center of the Austin–Round Rock metropolitan area, which is the fourth most populous metropolitan area in the United States.

Austin is known as the “live music capital of the world” and is home to some of the most innovative technology companies in the United States. It is also one of the richest cities in Texas, with a median household income of $70,000.

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5. Plano:

Plano is a city located in the U.S. state of Texas, about twenty miles north of Dallas. It is the ninth-largest city in Texas, with an estimated population of 286,000 in 2019. Plano is known for its high quality of life, excellent transportation infrastructure, and abundance of business opportunities. It has been rated as one of the best places to live in the United States, and is home to several Fortune 500 companies.

6. El Paso:

El Paso is a city in the U.S. state of Texas, located near the border with Mexico. It is the sixth-largest city in Texas with an estimated population of 681,000 in 2019. El Paso is a diverse and vibrant city, known for its warm, sunny climate, and rich cultural heritage. It is home to the University of Texas at El Paso, and several large businesses, including the El Paso Electric Company.

7. Arlington:

Arlington is a city located in the U.S. state of Texas, about twenty miles east of Fort Worth. It is the seventh-largest city in Texas, with an estimated population of 400,000 in 2019. Arlington is known for its thriving entertainment and sports scene, as it is home to the Dallas Cowboys, Texas Rangers, and Six Flags Over Texas. It is also home to the University of Texas at Arlington, and many other businesses.

8. Irving:

Irving is a city located in the U.S. state of Texas, about fifteen miles southwest of Dallas. It is the thirteenth-largest city in Texas, with an estimated population of 238,000 in 2019. Irving is one of the richest cities in Texas, with a large number of corporate headquarters, such as ExxonMobil, Kimberly-Clark, and the Boy Scouts of America. It is also home to the University of Dallas and several other large businesses.

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9. Corpus Christi:

Corpus Christi is a coastal city in South Texas and is the eighth-largest city in the state. It has a population of over 300,000 and is known for its beautiful beaches and wildlife. The city boasts a vibrant economy, with its port and oil industry contributing to its wealth. It is also home to numerous museums, theaters, and other cultural attractions.

10. Lubbock:

Lubbock is a city in the Texas panhandle and the 11th-largest city in the state. It has a population of over 250,000 and is known for its agricultural production, including cotton, peanuts, and dairy products. The city has a vibrant economy and numerous attractions, including an array of museums, galleries, and concert venues.

11. Amarillo:

Amarillo is the 14th-largest city in Texas and the largest in the Texas Panhandle. It has a population of over 200,000 and is one of the richest cities in Texas. Amarillo’s economy is largely based on the energy industry, with the city’s biggest employers being oil and gas companies. It is also home to a variety of cultural attractions, including several museums and an opera house.

Conclusion:

In conclusion, Texas is home to some of the wealthiest cities in the United States. The top ten richest cities in Texas are Plano, Frisco, Sugar Land, McKinney, Flower Mound, The Woodlands, Southlake, Colleyville, Trophy Club, and Prosper.

Each of these cities is characterized by high median household incomes, low unemployment rates, and a high quality of life. Texas’ wealthy cities are a testament to the state’s robust economy and thriving job markets.

 

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