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Highland Park, TX
Highland Park is a fully independent municipality entirely surrounded by the city of Dallas, and it's consistently ranked among the wealthiest small towns in the entire state of Texas — a status the town has maintained since its founding in the early 20th century as a deliberately upscale, deed-restricted development built specifically to stay outside Dallas's own city limits and taxing authority. Highland Park Village, opened in 1931, is widely credited by architectural and retail historians as one of the first planned shopping centers built anywhere in the United States, designed in a unified Spanish Mediterranean style that's been preserved essentially intact for nearly a century and now houses a roster of high-end luxury retailers. The town sits directly adjacent to Southern Methodist University, and together with its twin municipality, University Park, forms what locals refer to collectively as "the Park Cities" — two small, independently governed towns that function almost as a single community despite maintaining entirely separate city governments, police departments, and school districts. Highland Park's combination of complete municipal independence from Dallas, one of the earliest planned shopping centers in American retail history, and consistently top-ranked schools has made it one of the most expensive and prestigious small-town addresses anywhere in Texas.
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Plano, TX
Plano sits roughly 20 miles north of downtown Dallas, and over the past two decades it's become one of the most significant corporate relocation destinations in the entire country, drawing major company headquarters — including Toyota's North American headquarters, which relocated from California to Plano in 2017 — specifically for the combination of no state income tax, comparatively lower costs, and a large, well-educated regional workforce. That corporate influx has been concentrated substantially around Legacy West and the broader Legacy Business Park, a large mixed-use development combining corporate office towers with upscale retail, restaurants, and residential space built specifically to give relocating companies and their employees an urban-style amenity district in what had previously been a more conventional suburban office-park setting. Plano's population grew from a small farming town of a few thousand residents in the mid-20th century to well over 280,000 by the 2020s, one of the more dramatic sustained growth trajectories of any American suburb over that timeframe, driven substantially by the telecommunications and technology corporate expansion that took root in the area beginning in the 1980s and '90s. Plano's combination of a genuinely significant national corporate relocation trend, the large-scale Legacy West mixed-use development, and decades of sustained population growth has made it one of the most economically consequential suburbs anywhere in the greater Dallas-Fort Worth metroplex.
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