The state of Texas is becoming more and more attractive to young professionals who want to enjoy the beautiful environment, the pleasant weather, and the company of fellow talented and promising professionals, and business people. Maybe you fall into this category.
But before making the decision to move to Texas it is certainly a good idea to check through the areas in the state (divided into Zip Codes) so as to determine which parts of town are affluent, too broke, or just right for you, based on your income.
In this article, I listed the richest zip codes in Texas, so as to find out which ones are more expensive, and what areas you can conveniently afford to live in. without any further ado, let us get straight to business.
Top 10 Richest Zip Codes In Texas 2022
- Top 10 Richest Zip Codes In Texas 2022
- The best city to build wealth
1. 75205 Dallas Texas
- Median Household Income $108,913
- Average Rent: $2,791
Code 75205 is mainly for the Dallas – Fort Worth metro area of Texas, USA. Fort Worth is the fifth-largest city in Texas USA. The average rent is put at $2,791, and the population is estimated at 909,585. In 2013, Fort Worth-Arlington was ranked by Forbes as the 15th on the “Best Places for Business and Careers” list. Again in 2018, the Dallas-Fort Worth area was ranked 18th on U.S. News & World Report’s list of “125 Best Places to Live in the USA.”
The economy of the metropolis is boosted by private enterprise; so many big, thriving companies have been headquartered here over time. Some of them are American Airlines Group (and subsidiaries American Airlines and Envoy Air), GM Financial, the John Peter Smith Hospital, Wells Fargo, Pier 1 Imports, Chip 1 Exchange, RadioShack, Cash America International, Budget Host, the BNSF Railway, and Bell Textron. Fort Worth (75205) is the richest zip code in Texas, certainly a great place to live and build a career.
2. 75225 Dallas Texas
- Median Household Income: $198,438
- Average Rent: $2451
75225 is a remarkable Zip Code indeed. This is the Zip Code for the city of University Park, which is in Dallas, Texas. What makes this city area remarkable is that it is one of the wealthiest communities in the whole of America (with a median household income of $198,438) and the city still has a poverty rate of 4.2 percent. That is not all; the population is just about 23,068, and the city somehow has an Average Rent of $2,451. One can therefore describe Zip Code 75225 (University Park and Environs) as a bunch of rich people paying cheap rent.
3. 77005 Houston Texas
- Median Household Income: $159,732
- Average Rent: $2033
Zip Code 77005 is for the Harris County area in Houston, Texas. For easy mail sorting, it can simply be referred to as Houston, Texas. Harris County has an estimated population of 4,092,459, making it a populous county in Texas and the third-most populous county in the whole of the United States.
The economy of Harris County is boosted by private enterprises, and a recent study revealed that the biggest employers in the Houston area were Administaff (now Insperity, Inc), Compaq (now HP), Continental Airlines (now United Airlines), as well as Memorial Hermann Healthcare System, and Southwestern Bell.
4. 75022 Flower Mound Texas
- Median Household Income: $145,938
- Average Rent: $1831
The zip code 75022 is for Flower Mound, in Texas, USA. The area is one of the wealthiest areas in Texas, with a median family income of $145,938. Somehow, this is also one of the areas with the lowest rent; the average is $1831. The average home value is $333,700, which means that buying a house in this area is not cheap.
5. 78703 Austin Texas
- Median Household Income: $80,569
- Average Rent: $2341
78703 is another Zip Code located in Travis County, in Austin Texas. With an Average Rent of $2341, this area, however, is a little more affordable than the previously highlighted side of town which has a significantly higher Average Rent.
Many of the residents in this area are government workers, with steady incomes, and job security. They are not very rich, but are comfortable; able to afford the good things in life.
6. 78701 Austin Texas
- Average Rent: $2,885
- Median Household Income: $68,350
Zip Code 78701 is primarily located in Travis County, located in eastern Texas. The average rent for this area is $2,885, and this is no wonder because the area is a beautiful and bustling city indeed. Travis County has an estimated population of about 1,273,954, making it the fifth-most populous county and its code, the sixth richest zip code in Texas.
Travis County recently recorded a median household income of $68,350 per year, and also a per capita income of $38,820 per year. Of course, there are also a lot of high-income families in the area. The largest employers in the area are governments (the State of Texas, the US Federal Government, Travis County, and the City of Austin). Other major employers in the area are private firms involved in the production of semiconductors, software engineering products, and healthcare products.
7. 75201 Dallas Texas
- Median Household Income: $67,979
- Average Rent: $2088
Zip code 75201 also falls into the Dallas Texas area. However, the area has a slightly cheaper average rent of $2088. The 75201 Zip code is not so heavily populated; there are only about 9,409 people living in the area, and making a median family income of $67,979. If you would prefer to own your home, be advised that the average home value for the area is about $520,000.
8. 77006 Houston Texas
- The median income: $67,458
- Average Rent: $1,997
The 77006 Zip Code is also domiciled in Houston Texas but has an average rent of $1,997 which is lower than the other areas highlighted above. The area has a population of about 19,664, and the average cost of buying a house in this area is $327,600. The median income of this area is $67,458 per home.
9. 77002 Houston Texas
- The Median Income: $64, 093,
- Average Rent: $1970
The Zip Code 77002 is also in the city of Houston Metropolitan Area. Here the Average rent is $1970. The median income per family is $64, 093, and the average cost of buying a house in the area is $208,600, and the area is not too densely populated; just a population of about 16,739 people. Most people living in the area are white, and there are quite a lot of single people living in this area.
10. 78702 Austin Texas
- Average Median Income: $36,197
- Average Rent: $1932
The zip code 78702 is for the area of Austin and the tenth richest zip code in Texas. In this part of Texas, the average rent is $1932, and the average median income per home is $36,197. The average value of a house in this area is $188,000, and the population is just about 21,334. Most people living in this area are between the ages of 20 and 40, and there are a number of singles in the area as well.
The best city to build wealth
Everything is bigger in Texas, including bank accounts!
The greater Houston area has been named number one for building ‘wealth’ according to a study recently published by Bankrate.com.
To determine the results, this analysis evaluated 18 of the largest cities in the United States on topics ranging from income, savings and employment, to access to financial services, real estate and opportunities for retirement.
On the list, Houston ranks first and Dallas-Fort Worth sixth. The TOP 10 includes cities such as Washington D.C., New York and Chicago.
“Wealth allows us to imagine a different future” – – Ray Boshara, Director of the Center for Household Financial Stability
Defining the term
While many people think of wealth and associate it with huge mansions and luxurious cars, this study talks about a much broader type of wealth focused on middle-class families and how they build their wealth over time.
Yes, it is important how much money is earned but more important is how and in what it is invested.
Before making a decision and choosing the city to move to, you need to consider how strong and robust the environment it provides for making and saving money is. Similarly, it is important to consider the particular market of your business because although the general environment is favorable, each niche requires specific characteristics.
As you have seen, Texas is a very attractive place to live, particularly if you are a young and ambitious professional. We arrived at this list using several metrics so as to get balanced and more useful information. Overall, the home value in Texas is still low, compared to similar places in the United States, so you might want to put your money here, with the aim of benefiting from property appreciation.