Rich residents

Affluent Fort Worth neighbor ranks among wealthiest suburbs in U.S.

Southlake is home to some of the area's biggest homes.

Photo courtesy of Engel &Völkers Dallas Southlake via Estately.com

Wealthy Americans, increasingly, are bypassing behemoth cities like Los Angeles or New York City and settling down in smaller suburbs like Fort Worth neighbor Southlake.

So says a new household income study by GoBankingRates, which lists Southlake among the wealthiest American suburbs in 2024.

Southlake ranked No. 13 out of all 50 cities in the report, with the average household making the 13th highest income nationwide at $360,078 per year. The report additionally found the typical home in the city is worth more than $1.24 million.

The affluent Tarrant County city has many great local eateries, like the new Prohibition-style restaurant Volstead, pastry shop D'Caramel Patisserie , and forthcoming Sweet Paris Crêperie & Café, as well as gaming attractions, med spas, shopping at Southlake Town Square and Central Market, and more. Southlake-based global technology company Sabre was declared one of the best companies to work for in 2024.

Southlake is also home to 26-year-old Annette Addo-Yobo, the recently crowned Miss Texas 2024, who will go on to compete in Miss America.

Of course, Southlake is no stranger to "richest" lists; in 2023, it ranked as the wealthiest city in Texas.

3504 Hanover An idyllic home in University Park, complete with matching fluffy white dog on porch. Photo by Par Bengtsson

The Dallas enclave of University Park came out ahead of Southlake in GoBankingRates' new report, ranking the No. 6 wealthiest suburb in the U.S. It boasts the sixth-highest average household income nationally.

A University Park household makes an average income of $381,235 a year, and the typical home in the suburb is valued at over $2.3 million.

The town is also no stranger to these kinds of richest-lists. In GoBankingRates' 2023 report that examined the wealthiest small American towns, University Park ranked No. 4 nationally.

Elsewhere in Texas
University Park wasn't the only Texas suburb to earn a spot in the top 10. West University Place in Houston ranked three spots higher to claim No. 3, and Bellaire (located just west of West U.) ranked outside the top 10 as No. 25.

The report found the average household in West U. makes $403,845 a year, and the typical home is worth more than $1.6 million. In Bellaire, the average household income amounts to more than $294,605 a year, and the average house is valued at nearly $1.08 million.

The top 10 wealthiest suburbs in America are:

No. 1 – Scarsdale, New York-Newark-Jersey City, New York-New Jersey
No. 2 – Rye, New York-Newark-Jersey City, New York-New Jersey
No. 3 – West University Place, Houston-Sugar Land-Baytown, Texas
No. 4 – Los Altos, San Jose-Sunnyvale-Santa Clara, California
No. 5 – Paradise Valley, Phoenix-Mesa-Glendale, Arizona
No. 6 – University Park, Dallas-Fort Worth-Arlington, Texas
No. 7 – Hinsdale, Chicago-Joliet-Naperville, Illinois
No. 8 – Great Falls, Washington-Arlington-Alexandria, DC-Virginia-Maryland
No. 9 – Orinda, San Francisco-Oakland-Fremont, California
No. 10 – Wellesley, Boston-Cambridge-Quincy, Massachusetts

GoBankingRates examined all cities in the U.S. with a minimum of 5,000 households and ranked them based on the highest average household income. The report provided additional details like which metropolitan area the cities are in, plus each city's typical home value in 2024.

The full report and its methodology can be found on gobankingrates.com.

fort worth miss texas reports southlake suburbs wealthy america suburbs

Police News

Fort Worth police officer fired for unjustified use of force

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A Fort Worth police officer has been terminated following his involvement in a use of force incident. According to a release, Officer Matthew Krueger was let go on December 18, following an investigation into an incident involving someone who was videotaping his actions while he was on duty.

On Sunday, June 23, Fort Worth police officers responded to a hit-and-run collision near 1000 Foch St. The incident involved a suspected intoxicated driver who crashed into another vehicle and a structure before fleeing the scene on foot.

While officers were investigating, a woman approached them and used her cell phone to record their actions. Krueger asked and advised her multiple times to move across the street. When she failed to comply, she was placed under arrest.

During the arrest, Krueger used force to take the woman into custody, resulting in injuries that required medical care at an area hospital.

After being treated, the woman was released from the hospital, booked into jail, and charged with interference with public duties, resisting arrest and/or detention, evading arrest, and making a false alarm or report.

Krueger had been with the department for just under eight years and was assigned to the Patrol Bureau at the time of the incident.

The Fort Worth Police Major Case and Internal Affairs Units began immediate and congruent investigations. Krueger was transferred from Patrol to a unit with no public interaction, pending the outcome of the investigation.

After a review of the Internal Affairs investigation, Krueger’s chain of command determined that the level of force used was unjustified and violated departmental policy. Police Chief Neil Noakes concurred and terminated Krueger’s employment.

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