24/7 Wall St.

You may have heard before that everything is bigger in Texas. There may be many millionaires and many wealthy neighborhoods and townships in the Lone Star State, but a recent study from 24/7 Wall St. showed that just three of the designated towns in Texas ranked in the 25 wealthiest towns in America.

The wealthiest towns in America are not just clustered around New York City or Silicon Valley. An effort was made to look much further than just counting median income levels to create the list of the 25 wealthiest and 25 poorest towns in America.

What proved to be surprising in the study of the 25 wealthiest towns in America was that Virginia actually outranked Texas. In fact, it wasn’t even close, at a ratio of seven to three.

What you have to consider is the size of certain towns and the close proximity to Washington, D.C., in this view. There is also a lot that goes into deciding what constitutes being among the wealthiest towns. Again, it is not just the consideration of per capita income. It should also be noted that some towns are not part of a metropolitan statistical area, so unincorporated regions, called Census Designated Areas, were also considered. Other townships and villages (see below) were considered too small to be counted statistically in studies.

Texas is of course a massive state, the largest of the lower 48. If you flip Texas over on the map to the left or to the right, it would go into the Pacific Ocean or into the Atlantic. The 2010 US Census showed that the population in Texas was 25.1 million, which is more than three times the 8 million people in Virginia.

24/7 Wall St.
States Where Incomes Are Booming (or Not)