New Report Details DFW’s Wealthiest Areas

Aerial view of a neighborhood
Aerial view of a neighborhood | Image by Unwund/Shutterstock

A new ranking shows a shift in the top-earning postal codes of North Texas from last year.

The Dallas Business Journal (DBJ) compiled information from the U.S. Census Bureau’s 2022 American Community Survey to compare and contrast the population, median household income, median family income, per capita income, median home value, number of households, and adults 25 and older with bachelor’s degrees in each DFW ZIP code.

Southlake in Tarrant County, ZIP code 76092, was ranked number one for the sixth consecutive year. With a median household and family income of $250,000, it is the only county in the DFW area with a median household income of over $200,000.

Tarrant County’s Colleyville, ZIP code 76034, remained locked in second place for an additional year, ranking just below Southlake with a median household income of $196,034 and a median family income of $214,964.

Arlington’s 76005 ZIP code, which did not even make 2023’s top 25 wealthiest North Texas ZIP codes list, shot up to third place, beating out Dallas County’s Highland Park and University Park. The median household income was $191,250, compared to Highland Park’s median household income of $180,698 and University Park’s median household income of $180,181.

While Arlington’s ZIP code of 76005 placed the coverage area in the third position, the median family income was lower than that of Highland Park and University Park, coming in at $210,811 compared to $250,000 for both Highland Park and University Park.

“It’s location, location, location,” said Arlington Mayor Jim Ross to the DBJ. “We are smack-dabbed in the heart of the Dallas-Fort Worth area.”

While Arlington’s ZIP code 76005 covers a central area and is booming with new real estate developments, the city itself is home to many attractions, such as the Dallas Cowboys, Texas Rangers, Six Flags over Texas, and General Motors’ largest SUV factory, which employs more than 5,000 autoworkers, per the DBJ.

Recently, Arlington City Council announced the transformation of a shopping center into a 45-acre multi-use gathering space, as reported by The Dallas Express. The complex is set to be revitalized into a walkable area with retail, office space, apartments, and a restaurant.

Dallas, however, recently came under a nationwide spotlight. A study highlighted Dallas as the sixth wealthiest city in America. According to consulting firm Henley & Partners, the number of those with a net worth of $1 million or more in Dallas has swelled 75% in the past decade, making it home to 68,600 millionaires, 125 centi-millionaires, and 15 billionaires.

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