The 10 Wealthiest Cities in America

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 World’s Wealthiest Cities Report from residence and citizenship advisory firm Henley & Partners. The report is designed for “high-net-worth investors and their advisors, industry professionals, and policy makers” but offers some interesting information for the rest of us too.

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 nearly 100 cities as home to the most millionaires and deserving of the title “the world’s wealthiest cities.”

Here’s a look at the report’s highest ranked cities in the U.S.

10. Las Vegas

The number of people living in this city who:

• Are millionaires: 16,800
• Have a net worth of $100 million or more: 45
• Are billionaires: 6

Las Vegas saw 55% growth in its number of millionaires from 2012 to 2022, the report found. Chances are they didn’t get there by gambling.

9. Austin, Texas

The number of people living in this city who:

• Are millionaires: 30,500
• Have a net worth of $100 million or more: 86
• Are billionaires: 9

Austin more than doubled its number of millionaires during the decade ending in 2022. Aside from Hangzhou, China, that’s the fastest growth rate in the world.

8. Miami

The number of people living in this city who:

• Are millionaires: 38,000
• Have a net worth of $100 million or more: 160
• Are billionaires: 12

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.

7. Boston

The number of people living in this city who:

• Are millionaires: 41,700
• Have a net worth of $100 million or more: 104
• Are billionaires: 8

Since 2012, Boston has seen a 50% increase in its number of millionaires. Maybe that’s fitting for the capital city of Massachusetts, which continues to call itself a “commonwealth” rather than “state.”

6. Seattle

The number of people living in this city who:

• Are millionaires: 50,500
• Have a net worth of $100 million or more: 121
• Are billionaires: 10

It’s no surprise the home of Amazon and Microsoft is full of wealthy people. The 68% growth rate in millionaires over the past decade kept pace exactly with another place ranked No. 2 on this list.

5. Houston

The number of people living in this city who:

• Are millionaires: 98,500
• Have a net worth of $100 million or more: 280
• Are billionaires: 20

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: 124,000
• Have a net worth of $100 million or more: 295
• Are billionaires: 24

The Windy City is home to numerous windfalls, having seen a 24% increase in millionaires from 2012 to 2022.

3. Los Angeles

The number of people living in this city who:

• Are millionaires: 205,400
• Have a net worth of $100 million or more: 480
• Are billionaires: 42

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: 285,000
• Have a net worth of $100 million or more: 629
• Are billionaires: 63

The Bay Area — which includes San Francisco and Silicon Valley — is home to even more major tech companies than Seattle. And like Seattle, it’s seen a 68% growth rate in millionaires over the past decade, albeit with a much higher total number of them.

1. New York City

The number of people living in this city who:

• Are millionaires: 340,000
• Have a net worth of $100 million or more: 724
• Are billionaires: 58

The Big Apple is home to the biggest money in the world. New York City edges out Tokyo as the world’s wealthiest city in terms of its number of millionaires.