An upscale group in Houston – Bunker Hill Village – is dwelling to the richest residents in Texas and is among the many prime 10 richest cities in America, in keeping with a brand new 2024 report.
The evaluation, by mortgage supplier TitleMax, decided the richest small cities in all 50 states utilizing median family earnings information from the U.S. Census Bureau. In Bunker Hill Village, the median family earnings is about $250,000, the report says.
Along with being the wealthiest city within the Lone Star State, Bunker Hill Village ranked because the No. 8 wealthiest small city in America.
In fact, “small city” is a little bit of a misnomer for Bunker Hill Village. Located 13 miles west of downtown Houston, Bunker Hill joins 5 different communities – Hunters Creek, HiIlshire, Hedwig, Piney Level, and Spring Valley – to make up Houston’s iconic Memorial Villages. In 2023, Bunker Hill was ranked the third-most costly Houston neighborhood, with properties in the marketplace for upwards of $2.7 million.
Notably, the realm is dwelling to Houston’s solely Frank Lloyd Wright-designed home.
“We’re very pleased with our quiet, wooded setting, and as a group, we work arduous to protect it for future generations,” the town’s web site says.
The examine discovered that greater than half (56.5 p.c) of the 1,250-home group make over $200,000 a yr, whereas the enclave’s median family earnings quantities to $247,188.
To place that into perspective, TitleMax revealed that the nationwide median family earnings is $67,521. The Census Bureau’s 2023 American Neighborhood Survey estimates the median earnings of a family in Texas got here out to $75,780 in 2023.
Bunker Hill joins the likes of Houston’s Bellaire and West College Place as a number of the most prosperous suburbs in America.
The San Jose, California suburb of Monte Sereno took the No. 1 spot within the rating for the wealthiest small city in America. Monte Sereno’s median family earnings is greater than $250,000, in keeping with the report.
“Whereas many individuals take into account cities to be the epicenters of the wealthy, many retreat to small cities that provide security, magnificence, and privateness,” the report’s writer wrote.
These are the highest 10 wealthiest small cities in America, with their median family incomes:
No. 1 – Monte Sereno, California ($250,000-plus)No. 2 – Cherry Hills Village, Colorado ($250,000-plus)No. 3 – Mission Hills, Kansas ($250,000-plus)No. 4 – Quick Hills, New Jersey ($250,000-plus)No. 5 – Scarsdale, New York ($250,000-plus)No. 6 – Belle Meade, Tennessee ($250,000-plus)No. 7 – Glencoe, Illinois ($248,851)No. 8 – Bunker Hill Village, Texas ($247,188)No. 9 – Clyde Hill, Washington ($238,958)No. 10 – Chevy Chase Village, Maryland ($238,333)
