Yahoo Finance These Are the South’s Wealthiest Suburbs
Of the 50 wealthiest suburbs in America, 13 are located in the South, a recent GOBankingRates study found.
Texas and Virginia are both home to four of the richest suburbs in the U.S., and Texas is also home to the richest suburb in the South overall — West University Place, where the average household income is $403,845.
Here’s a look at all of the wealthiest suburbs in the South.
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1. West University Place, Texas
Suburb of: Houston-Sugar Land-Baytown, TX
Average household income: $403,845
Typical home value: $1,605,049
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2. University Park, Texas
Suburb of: Dallas-Fort Worth-Arlington, TX
Average household income: $381,235
Typical home value: $2,305,281
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3. Great Falls, Virginia
Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $373,735
Typical home value: $1,564,775
4. Palm Beach, Florida
Suburb of: Miami-Fort Lauderdale-Pompano Beach, FL
Average household income: $365,991
Typical home value: $11,571,608
5. McLean, Virginia
Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $364,093
Typical home value: $1,541,929
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6. Southlake, Texas
Suburb of: Dallas-Fort Worth-Arlington, TX
Average household income: $360,078
Typical home value: $1,240,766
7. Pinecrest, Florida
Suburb of: Miami-Fort Lauderdale-Pompano Beach, FL
Average household income: $304,416
Typical home value: $2,243,489
8. Wolf Trap, Virginia
Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $301,790
Typical home value: $1,204,121
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9. Bellaire, Texas
Suburb of: Houston-Sugar Land-Baytown, TX
Average household income: $294,605
Typical home value: $1,078,719
10. Potomac, Maryland
Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $287,918
Typical home value: $1,328,491
11. Bethesda, Maryland
Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $281,586
Typical home value: $1,286,315
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12. Mountain Brook, Alabama
Suburb of: Birmingham-Hoover, AL
Average household income: $267,337
Typical home value: $832,745
13. Vienna, Virginia
Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $265,744
Typical home value: $1,112,463
Methodology: For this piece, GOBankingRates looked at all cities with 5,000 households or more. GOBankingRates then isolated the 50 cities with the highest average household income as sourced from the 2022 American Community Survey. GOBankingRates was then able to find which metro area they were a suburb of as well as the 2024 typical home value for the city as sourced from Zillow. All data was collected and is up to date as of June 18, 2024.
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This article originally appeared on GOBankingRates.com: These Are the South’s Wealthiest Suburbs
