West University Place and Bellaire are the only Texas cities named to this year's CNNMoney list of top-earning towns in the U.S., measured by population, median income and home prices.
The two cities join the likes of Scarsdale, New York, Weston, Connecticut and Hillsborough, California.
“The property values are very high, the zoning requirements and housing requirements sometimes are very high, and its typically areas set up by design to attract only high-income individuals,” says Texas economist Ray Perryman.
The list is compiled of numerous bedroom communities mainly just outside New York, Boston and Washington D.C. Perryman says sprawling suburbs hurt Texas in this case.
“Our suburbs frankly tend to be bigger than that,” he says. “If you could draw up a 15 or 20-square block area in several suburbs around Texas, or even major cities, you could find an enclave among those demographics, but when you talk about a separate incorporated city than there's not that many.”
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“The Woodlands is just a larger place and has a more diverse base,” says Perryman. “When you average it out, you're going to have a lower income level, housing prices and that sort of thing.”
On a separate list, CNNMoney named the Heights among top big city neighborhoods for it's affordability and amenities.