Three well-to-do Dallas-area communities – University Park, Southlake, and Colleyville – are among the wealthiest suburbs in America in 2025, a new report has confirmed.
The three affluent Dallas neighbors were lauded in GoBankingRates just-released ranking the 50 wealthiest U.S. suburbs, based on 2022 and 2023 average household income data sourced from the U.S. Census Bureau.
University Park ranked as the sixth wealthiest suburb for the second consecutive year, while Southlake moved up into the No. 7 spot after earning a No. 13-rank in 2024.
Meanwhile, Colleyville made its 2025 debut on the list as the 47th wealthiest American suburb.
Compared to last year’s report, the average income for a University Park household has increased by $8,633, to $389,868. The value of the typical home in this affluent Dallas enclave is in the seven-figure range, surpassing $2.45 million in May, which the report noted is 5 percent higher than it was this time last year.
University Park’s prosperity is no secret; it ranked as the fourth wealthiest U.S. suburb in GoBankingRates’ 2023 report.
Southlake also boasts many charming homes for hefty price tags. This home on Tuscan Ridge Circle is for sale for $1.25 million.Photo courtesy of Estately
Southlake (No. 7) made a substantial climb up the chart from its 2024 rankings, as did its average household income ($382,520 compared to $360,078 last year). The typical home value for a Southlake home in May came out to more than $1.29 million, up from $1.24 million in the 2024 report.
Earlier this year, Southlake nearly topped a separate list of the best suburbs to live in America, also in part thanks to its residents’ high median income.
Newcomer Colleyville (No. 47) entered the 2025 rankings with an average household income of $265,831 according to GoBankingRates’ findings, and a typical home value of $923,032.
Dallas-Fort Worth was the only metro in Texas to have three entries on this year’s list.
Elsewhere in Texas
Two Houston-area suburbs, West University Place and Bellaire, were returnees in the 2025 report. West U held on to its top-three spot for the second year in a row, while Bellaire moved up two places and is now the 23rd most affluent American suburb.
The top 10 wealthiest suburbs in America for 2025 are:
- No. 1 – Scarsdale, New York (New York City)
- No. 2 – Rye, New York (New York City)
- No. 3 – West University Place, Texas (Houston)
- No. 4 – Los Altos, California (San Jose)
- No. 5 – Alamo, California (Oakland)
- No. 6 – University Park, Texas (Dallas)
- No. 7 – Southlake, Texas (Fort Worth)
- No. 8 – Hinsdale, Illinois (Chicago)
- No. 9 – Orinda, California (Oakland)
- No. 10 – Wellesley, Massachusetts (Boston)