Prosperous places
10 wealthy Texas cities cash in among the richest in America
Frisco may be the home base of the Dallas Cowboys, the richest team in the NFL, but it’s also home to some of the richest people in the country.
A recent ranking from data provider HomeSnacks puts Frisco at No. 3 among the richest big cities in the U.S.
Appearing ahead of Frisco in the study are Cary, North Carolina, and Centennial, Colorado. The study features the 306 U.S. cities with at least 100,000 residents. In total, 10 Texas cities rank among the 50 richest.
HomeSnacks looked at three data points to rank the country’s richest big cities: median household income, unemployment rate, and poverty rate.
At the time the study came out, Frisco’s median income was $128,761, the fifth highest showing among big cities. Meanwhile, Frisco’s unemployment rate was 3.7 percent, the 25th lowest rate among the big cities, and the poverty rate was 4 percent, the fourth lowest rate. (In some cases, cities are listed has having the same unemployment rate or poverty rate. But their rankings in those categories differ because HomeSnacks sorted them by carrying out the rates by several decimal points.)
The nine other Texas cities joining Frisco in the top 50 are:
- No. 7 Pearland. The median household income was $102,764 (No.19), the unemployment rate was 3.8 percent (No. 29), and the poverty rate was 3.5 percent (No. 7).
- No. 10 League City. The median household income was $108,979 (No. 14), the unemployment rate was 3.9 percent (No. 32), and the poverty rate was 5.4 percent (No. 13).
- No. 12 McKinney. The median household income was $100,775 (No. 23), the unemployment rate was 3.5 percent (No. 14), and the poverty rate was 6.9 percent (No. 29).
- No. 15 Allen. The median household income was $113,719 (No. 11), the unemployment rate was 4.3 percent (No. 59), and the poverty rate was 4.1 percent (No. 5).
- No. 19 Plano. The median household income was $96,348 (No. 33), the unemployment rate was 4 percent (No. 41), and the poverty rate was 6.3 percent (No. 17).
- No. 23 Carrollton. The median household income was $82,345 (No. 61), the unemployment rate was 3.7 percent (No. 23), and the poverty rate was 6.5 percent (No. 18).
- No. 24 Sugar Land. The median household income was $123,261 (No. 7), the unemployment rate was 4.9 percent (No. 93), and the poverty rate was 4.4 percent (No. 24).
- No. 30 Midland. The median household income was $83,616 (No. 59), the unemployment rate was 3.3 percent (No. 7), and the poverty rate was 9.4 percent (No. 62).
- No. 37 Round Rock. The median household income was $86,121 (No. 49), the unemployment rate was 4.9 percent (No. 88), and the poverty rate was 6.2 percent (No. 16).