10 American Cities That Are Crawling With Millionaires

America is home to the wealthiest city in the world, and it’s also where you’ll find a large chunk of the cities in the top 20.

That’s according to the USA Wealth Report from residence and citizenship advisory firm Henley & Partners. Using data from New World Wealth — a wealth intelligence firm that tracks 150,000 of the world’s wealthiest individuals and property records — the report identifies the wealthiest cities in the U.S. according to the number of millionaires that live there.

Here’s a look at the wealthiest cities in the United States.

10. Austin, Texas

The number of people living in this city who:

• Are millionaires: 32,700
• Have a net worth of $100 million or more: 92
• Are billionaires: 10

Austin more than doubled its number of millionaires during the decade ending in 2023. That was the fastest growth rate in the U.S.

9. Miami

The number of people living in this city who:

• Are millionaires: 35,300
• Have a net worth of $100 million or more: 164
• Are billionaires: 15

Miami has long been known as a hotspot for the wealthy. It is home to the exclusive Fisher Island Club, which can be reached only by private yacht or ferry.

8. Boston

The number of people living in this city who:

• Are millionaires: 42,900
• Have a net worth of $100 million or more: 107
• Are billionaires: 8

Boston is a popular place for million-dollar homes. Maybe that’s fitting for the capital city of Massachusetts, which continues to call itself a “commonwealth” rather than “state.”

7. Seattle

The number of people living in this city who:

• Are millionaires: 54,200
• Have a net worth of $100 million or more: 130
• Are billionaires: 11

It’s no surprise the home of Amazon and Microsoft is full of wealthy people. Four Seattle-area cities are among the fastest-growing areas for wealth.

6. Dallas

The number of people living in this city who:

• Are millionaires: 68,600
• Have a net worth of $100 million or more: 125
• Are billionaires: 15

If everything is bigger in Texas, net worth must be too. There are more millionaires here than in state capital Austin, but that may be because it’s more densely populated.

5. Houston

The number of people living in this city who:

• Are millionaires: 90,900
• Have a net worth of $100 million or more: 258
• Are billionaires: 18

Chalk up another one for the Lone Star State. Prior to the pandemic, we noted Houston was among “10 Cities With the Biggest Percentages of American Wealth,” and that clearly hasn’t changed.

4. Chicago

The number of people living in this city who:

• Are millionaires: 120,500
• Have a net worth of $100 million or more: 290
• Are billionaires: 24

The Windy City is home to numerous windfalls, having seen a 22% increase in millionaires from 2013 to 2023. That’s a much slower growth rate than the rest of the top 10, but nothing to sneeze at.

3. Los Angeles

The number of people living in this city who:

• Are millionaires: 212,100
• Have a net worth of $100 million or more: 496
• Are billionaires: 43

Los Angeles has minted many a celebrity since the Golden Age of Hollywood. Many of those wealthy folks continue to call it home.

2. The Bay Area

The number of people living in this city who:

• Are millionaires: 305,700
• Have a net worth of $100 million or more: 675
• Are billionaires: 68

The Bay Area — which includes San Francisco and Silicon Valley — is home to even more major tech companies than Seattle. It’s seen a 82% growth rate in millionaires over the past decade.

1. New York City

The number of people living in this city who:

• Are millionaires: 349,500
• Have a net worth of $100 million or more: 744
• Are billionaires: 60

The Big Apple is home to the biggest money in the world, with more of it all the time. The city saw a 48% increase in millionaires from 2013 to 2023.