Seeing dollar signs

2 San Antonio neighbors cash in on list of wealthiest counties in Texas

2 San Antonio neighbors cash in among wealthiest counties in Texas

Kendall County Courthouse Boerne
Kendall County is the third wealthiest county in Texas, after Midland County (No. 1) and Travis County (No. 2). Photo by Larry D. Moore/Wikimedia Commons

A new report shows that two San Antonio-area counties are flush with cash.

The ranking from personal finance website SmartAsset lists Kendall and Comal counties among the 10 wealthiest in Texas. SmartAsset based its ranking on a county’s per capita income as well as its median home value and per capita investment income.

Taking those factors into account, Kendal County lands in third place on SmartAsset’s “wealth index,” and Comal County comes in at No. 10. Midland County, where the oil boom has created a gusher of wealth, holds the No. 1 spot, and Travis County, home to ever-growing Austin, ranks second.

SmartAsset puts Kendal County at No. 7 in Texas for per capita income ($84,853), No. 3 for median home value ($437.320), and No. 10 for per capita investment income ($29,250). Comal County does not make the top 10 in the per capita income ($62,994) or per capita investment income ($15,509) categories, but it ranks No. 6 for median home value at $387,251.

recent report from residential real estate platform Redfin shows a number of Austin-area residents are flocking to the San Antonio area in search of lower-cost homes. Austin is the No. 1 origin of out-of-town homebuyers relocating to San Antonio, according to Redfin, and San Antonio is the most common destination for people leaving Austin.

“As San Antonio’s popularity with out-of-towners picks up, Austin’s is declining,” the Redfin report says. “The Texas capital had a net inflow of roughly 3,000 homebuyers in the first quarter — down from a peak of 11,000 a year earlier — and it no longer ranks on Redfin’s list of popular migration destinations.”

“Austin was the nation’s most popular pandemic-fueled migration destination in early 2021 as remote workers flocked from pricey coastal job centers to comparatively affordable parts of the country — but now many buyers are priced out,” the report adds. 

Here is SmartAsset’s ranking of the state’s 10 wealthiest counties:

  1. Midland County (Midland area). Per capita income: $126,631; median home value: $279,569; Per capita investment income: $59,283.
  2. Travis County (Austin area). Per capita income: $74,032; median home value: $519,353; per capita investment income: $38,381.
  3. Kendall County (San Antonio area). Per capita income: $84,853; median home value: $437,320; per capita investment income: $29,250.
  4. Collin County (Dallas-Fort Worth). Per capita income: $71,246; median home value: $448,781; per capita investment income: $15,499.
  5. Gillespie County (Hill Country). Per capita income: $68,885; median home value: $360,317; per capita investment income: $27,325.
  6. Glasscock County (east of Midland-Odessa). Per capita income: $87,334; median home value: $287,852; per capita investment income: $13,887.
  7. Dallas County (Dallas-Fort Worth). Per capita income: $65,401; median home value: $274,136; per capita investment income: $38,445.
  8. Rockwall County (Dallas-Fort Worth). Per capita income: $64,943; median home value: $379,075; per capita investment income: $15,668.
  9. Denton County (Dallas-Fort Worth). Per capita income: $63,283; median home value: $398,339; per capita investment income: $12,837.
  10. Comal County (San Antonio area). Per capita income: $62,994; median home value: $387,251; per capita investment income: $15,509.