15 US Cities With the Most Millionaires

By PropertyClub Team
May 7th 2024
The United States is often hailed as the land of opportunity, and many individuals have achieved remarkable financial success there. However, the concentration of wealth varies across the country, with some cities boasting a higher percentage of millionaires than others. Read on to explore the 15 US cities with the most millionaires.

The US is home to numerous millionaires, many of whom reside in the most affluent cities nationwide. To learn more about these wealthy cities, explore our article on the richest cities in the US.

hash-mark15 Cities With the Most Millionaires in America

  1. New York City, NY
  2. San Francisco, CA
  3. Los Angeles, CA
  4. Chicago, IL
  5. Houston, TX
  6. Seattle, WA
  7. Boston, MA
  8. Miami, FL
  9. Austin, TX
  10. Las Vegas, NV
  11. San Diego, CA
  12. Scottsdale, AZ
  13. Santa Barbara & Montecito, CA
  14. Greenwich & Darien, CT
  15. West Palm Beach, FL

hash-mark1. New York City, NY

New York City is the financial capital of the world, so it's no surprise that it's the US city with the most millionaires. With a staggering 340,000 millionaires, 724 centi-millionaires, and 58 billionaires, NYC is home to an abundance of affluent residents. With Wall Street at its core, the city is a magnet for financial moguls, entrepreneurs, and industry leaders. From the towering skyscrapers of Manhattan to the upscale neighborhoods of Brooklyn, New York City is a hub of affluence and luxury.

hash-mark2. San Francisco, CA

Boasting 285,000 millionaires, 629 centi-millionaires, and 63 billionaires, Silicon Valley has transformed the Bay Area into a technological haven, making San Francisco a hotspot for millionaires. The city is teeming with tech innovators, venture capitalists, and startup founders who have played a pivotal role in shaping the global economy. The rise of companies like Google, Facebook, and Apple has fueled unprecedented wealth creation.

hash-mark3. Los Angeles, CA

With 205,400 millionaires, 480 centi-millionaires, and 42 billionaires, Los Angeles is also one of the US cities with the most millionaires. Known as the entertainment capital of the world, Los Angeles is not only home to Hollywood celebrities but also to a thriving business and real estate community. The sprawling mansions of Beverly Hills and the exclusive neighborhoods of Bel Air contribute to the city's high concentration of millionaires.

hash-mark4. Chicago, IL

With a diverse economy that includes finance, manufacturing, and technology, Chicago has a substantial number of affluent residents. The city boasts 124,000 millionaires, 295 centi-millionaires, and 24 billionaires, making it one of the cities with the most millionaires in the US. The city's iconic skyline reflects its economic prowess, and its central location makes it a key player in the country's transportation and distribution networks.

hash-mark5. Houston, TX

Houston is another one of the cities with the most millionaires in America. With its status as an energy powerhouse in the oil and gas industry, Houston has helped make many millionaires. The city's business-friendly environment and low cost of living have also contributed to its appeal to entrepreneurs and investors. Houston is home to an impressive 98,500 millionaires, 280 centi-millionaires, and 20 billionaires.

hash-mark6. Seattle, WA

Known for being the headquarters of tech giants like Amazon and Microsoft, Seattle boasts 50,500 millionaires, 121 centi-millionaires, and 10 billionaires. The city has witnessed a surge in millionaires, particularly in the tech and innovation sectors. The picturesque surroundings, cultural vibrancy, and robust economy have attracted a growing number of entrepreneurs and professionals. Seattle's real estate market, fueled by the tech boom, has also contributed to the rise of millionaires in the area.

hash-mark7. Boston, MA

With 41,700 millionaires, 104 centi-millionaires, and 8 billionaires, Boston is also one of the US cities with the most millionaires. With many top-rated universities and a thriving startup scene, Boston has become a magnet for highly educated professionals and entrepreneurs. The presence of prestigious universities, a robust economy, and a world-class healthcare sector will ensure that the wealthy continue to flock to the city.

hash-mark8. Miami, FL

Miami's allure goes beyond its stunning beaches and vibrant nightlife. With 38,000 millionaires, 160 centi-millionaires, and 12 billionaires, it has become a hotspot for the wealthy. The city's booming real estate market, coupled with its status as a global financial center, has attracted affluent individuals from around the world. Miami's luxury lifestyle, upscale neighborhoods, and favorable tax climate further contribute to its appeal for millionaires.

hash-mark9. Austin, TX

Austin has emerged as a tech and innovation hub in recent years, drawing in a wave of entrepreneurs, tech professionals, and venture capitalists. With 30,500 millionaires, 86 centi-millionaires, and 9 billionaires, the city's eclectic culture, live music scene, and business-friendly environment make it an attractive destination for those seeking both professional success and a high quality of life. Austin's real estate market has experienced significant growth, reflecting the city's economic prosperity.

hash-mark10. Las Vegas, NV

Beyond the dazzling lights of the famous Las Vegas Strip, the city has seen an increase in millionaires, driven in part by the entertainment and hospitality industries. With 16,800 millionaires, 45 centi-millionaires, and 6 billionaires, Las Vegas has become a popular destination for business conferences and conventions, contributing to its economic growth. The city's real estate market, coupled with its appeal as a luxury entertainment destination, has attracted a share of affluent individuals seeking to invest in the Las Vegas lifestyle.

hash-mark11. San Diego, CA

San Diego's strategic location on the Pacific Coast and its strong ties to the defense, technology, and healthcare sectors have contributed to its economic prosperity. With 14,700 millionaires, 70 centi-millionaires, and 4 billionaires, the city's pleasant climate and quality of life have attracted a diverse range of professionals and entrepreneurs. San Diego's real estate market, particularly in upscale coastal neighborhoods, has played a role in the accumulation of wealth in the region.

hash-mark12. Scottsdale, AZ

Scottsdale, known for its luxurious resorts, golf courses, and upscale lifestyle, has become a haven for millionaires seeking a blend of exclusivity and desert beauty. With 13,900 millionaires, 60 centi-millionaires, and 5 billionaires, the city's high-end real estate market and growing economy, with a focus on tourism and healthcare, have contributed to its reputation as a desirable location for the affluent. Scottsdale's commitment to preserving its natural beauty adds to the appeal for those seeking an opulent yet serene lifestyle.

hash-mark13. Santa Barbara & Montecito, CA

Nestled along the stunning coastline of Southern California, Santa Barbara and Montecito have become havens for the ultra-wealthy seeking a unique blend of sophistication and natural beauty. With 12,300 millionaires, 82 centi-millionaires, and 6 billionaires, the region is renowned for its upscale real estate, featuring sprawling estates with panoramic ocean views. With a Mediterranean-like climate, world-class wineries, and a flourishing arts scene, Santa Barbara and Montecito offer a luxurious lifestyle that attracts high-net-worth individuals looking for exclusivity and tranquility.

hash-mark14. Greenwich & Darien, CT

Greenwich and Darien, located in the affluent Fairfield County, Connecticut, are synonymous with East Coast wealth and opulence. Home to hedge fund managers, financiers, and executives, these suburban retreats offer a respite from the hustle and bustle of nearby New York City. With 11,900 millionaires, 112 centi-millionaires, and 8 billionaires, the picturesque neighborhoods boast historic estates, top-ranked schools, and a strong sense of community. The proximity to major financial centers enhances the allure of Greenwich and Darien for those seeking an upscale suburban lifestyle.

hash-mark15. West Palm Beach, FL

Situated on Florida's southeastern coast, West Palm Beach exudes an air of tropical elegance and sophistication. With 9,400 millionaires, 64 centi-millionaires, and 6 billionaires, renowned for its upscale neighborhoods, cultural events, and waterfront estates, the city attracts a discerning crowd seeking a luxurious Florida lifestyle. The historic and charming districts, coupled with a thriving arts scene, make West Palm Beach a destination for the affluent who appreciate a mix of upscale living and vibrant cultural experiences. The city's exclusivity is complemented by its proximity to Palm Beach, further solidifying its status as a destination for the wealthy elite.