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Midland Has Highest Wealth Concentration in Texas

Billy Hathorn http://en.wikipedia.org/wiki/User:Billy_Hathorn

Almost eight percent of households in Midland are rich, making it the most wealth-concentrated city in Texas.  That's according to a new U.S. Census Bureau report, which defines wealthy households as those in the top five percent, earning $191,469 or more from 2006 through 2011. 

Midland ranked 14th nationally. Houston ranked 24th. Austin didn’t crack the top 25.

Topping the list was the Bridgeport, Connecticut area, which includes Greenwich – a community that has attracted the wealthy for decades. In that area, 17.9 percent of households fall in the upper 5 percent.

Nathan Bernier is the transportation reporter at KUT. He covers the big projects that are reshaping how we get around Austin, like the I-35 overhaul, the airport's rapid growth and the multibillion dollar transit expansion Project Connect. He also focuses on the daily changes that affect how we walk, bike and drive around the city. Got a tip? Email him at nbernier@kut.org. Follow him on Twitter @KUTnathan.