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Southlake Style

Southlake Ranks 6th on MSN's '10 Richest Towns' in America

May 15, 2015 03:16PM ● Published by Kevin

Photo courtesy of the City of Southlake.

According to a report on MSN.com, Southlake is the sixth richest community in the country.

"Southlake, located roughly 25 miles northwest of Dallas, is one of two exceptionally wealthy communities in the proximity of the metro area," the report says. "While all but one other wealthy area on this list had a median home value of at least $750,000, Southlake had a relatively low median home value of $514,900. Of course, that is still several hundred thousand dollars above the national median home value of $176,700."

The median household income weighs in at $172,951 in an area populated by 27,006 people.

"Like many other especially wealthy U.S. areas, financial well-being in Southlake is not shared by many other communities in the region," the report continues. "In nearby White Settlement, for example, poverty levels are far higher and property values are far lower."

The rankings are as follows:

  1. Scarsdale, N.Y.
  2. Winnetka, Ill.
  3. Piedmont, Calif.
  4. West University Place, Texas
  5. University Park, Texas
  6. Southlake, Texas
  7. Essex Fells, N.J.
  8. Glen Ridge, N.J.
  9. Ho-Ho-Kus, N.J.
  10. Orinda, Calif.
"The richest communities in the country are all quiet suburbs located within commuting distance of a major city, which also offer the most high-paying job opportunities," MSN says. "Four of the 10 wealthiest towns are within commuting distance of New York City, two are close to Dallas, and two are outside of San Francisco."

For the full story, click here.
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