Growing Wealth of Bayou City
Luxury home buyers in Houston should be pleased to hear this new report statistic - the two cities are among the top 10 US cities with a growing population of high income residents ($200,000+).
The Houston Business Journal reports that the number of Houstonians making at least $200,000 a year grew by more than 86% from 2005 to 2013. In 2013, Houston had the second largest percentage of households at this income - 6.7% compared to Seattle’s 6.9%.
Houston’s been highlighted for being a great place to live and work several times in the past year. A Nerdwallet study in June located the best places to live in Texas based on quality of life. Out of the ten locations, Houston’s suburbs stole the charts with five communities (the Woodlands and Sugar Land topped the list).
Not that Houston is only for high income earners and luxury suburban living. Millennials have been drawn to the city for years in pursuit of employment opportunities and low cost of living. Last year, four of Houston’s companies were listed in Fortune’s Best Places to Work for Millennials for employees under 35 years old.
Soon the millennial Houstonians will start to looking for housing as their paychecks and household grows. Being in Houston would be a great spot for anyone looking for a luxury home built on quality and style. See some of our floor plans to get started.