With a median income of $152,000, Alamo Heights named among richest Texas cities
, with its million-dollar homes was recently named one of the richest cities in Texas by an online real estate company.as the third richest city in Texas for its $152,188 median income. The online platform ranked cities with populations of more than 5,000 residents.
"You either have to strike Texas gold, be related to the Bush Presidents, own a cattle ranch, or have a bank account like Jerry Jones to live in our top ten richest cities in Texas for 2023," the site wrote in the report.The platform used several factors, including poverty rate, median household income, and unemployment rate, to rank the cities. Through these factors, Southlake, a Dallas-Fort Worth suburb, was named the richest, echoing its 2022 ranking.
Alamo Heights was also No. 3 in 2022. The No. 2 city in the 2023 ranking is Bellaire, which rose from fourth in 2022 to second this year. Alamo Heights' unemployment rate is just 1.7 percent, and it has a poverty rate of 3.9 percent.
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