Texas' Richest Cities: A Guide to the 20 Most Affluent Suburbs

Texas is home to some of the nation’s most prosperous communities, with numerous suburbs boasting average household incomes exceeding $165,000 annually. To identify the richest cities in Texas, researchers analyzed all municipalities with 5,000 or more households, using 2023 American Community Survey data and 2025 Zillow property valuations. The resulting list of 20 richest cities reveals an impressive range, with the most affluent communities reaching average household earnings near $410,000 per year.

Dallas-Fort Worth-Arlington: Home to 11 of Texas’ Richest Communities

The Dallas-Fort Worth-Arlington metropolitan area dominates the rankings of Texas’ richest cities, claiming 11 positions on the list. This region combines corporate prosperity with established wealth, creating neighborhoods where high family earnings are complemented by substantial property values.

University Park ranks as the second richest city in Texas with an average household income of $389,868 and median home values around $2,445,874. Southlake follows closely with household salaries averaging $382,520 and typical properties valued at approximately $1,284,219. The suburban enclave of Colleyville rounds out the top five wealthiest communities with an average family income of $265,831 and characteristic home values near $924,700.

Other notable affluent communities in this metro area include Prosper ($229,754 average household income), Keller ($217,210), Coppell ($194,208), Flower Mound ($191,231), Frisco ($186,265), Celina ($184,308), Highland Village ($182,741), and Murphy ($176,156). Each represents a distinct neighborhood option for high-income families seeking residence in the Dallas-Fort Worth region, with property values typically ranging from $600,000 to $700,000.

Houston’s Most Affluent Suburbs Among the State’s Wealthiest

The Houston-The Woodlands-Sugar Land metropolitan area contains four of Texas’ richest cities, representing substantial economic centers in Southeast Texas.

West University Place ranks as the single wealthiest suburb in all of Texas, commanding an average household income of $409,677 with typical home values at $1,758,363. This makes it the top richest city in Texas overall. Bellaire captures the fourth position with household earnings averaging $311,033 and median home prices approximately $1,123,984. Fulshear demonstrates strong prosperity with an average household income of $210,123 and characteristic home values near $545,379. Cinco Ranch and Sugar Land complete the Houston-area representation, each offering household incomes of $178,516 and $174,026 respectively, with corresponding property valuations of $557,775 and $462,592.

Austin Area’s Prosperous Communities Join the Ranking

Three richest cities in Texas are located within the Austin-Round Rock-Georgetown metropolitan region, each representing the region’s growing affluence and economic vitality.

Steiner Ranch leads the Austin area communities with an average household income of $232,530 and median home values at $528,502. Lakeway follows with family earnings averaging $222,045 and typical properties valued at $824,558. Leander rounds out the Austin-area affluent suburbs with an average household income of $167,516 and characteristic home prices near $455,706. These three communities reflect the Austin region’s emergence as a center for technology and professional services employment.

Friendswood, while technically associated with the Houston metropolitan area, captures the final position among Texas’ richest cities with an average household income of $165,294 and typical home values around $464,519.

Methodology and Data Sources

The identification of these richest cities in Texas employed rigorous research standards. Researchers examined all Texas municipalities containing 5,000 or more households, then isolated the 20 communities with the highest average household income figures. Income data originated from the 2023 American Community Survey, while property valuations were sourced from Zillow and reflect 2025 assessments collected as of mid-July 2025. This comprehensive approach ensures accurate representation of Texas’ most affluent suburban communities across all three major metropolitan areas.