The 10 Wealthiest American Cities

An earlier version of this story was published in CNBC’s Inside Wealth newsletter, which features Robert Frank and serves as a weekly resource for affluent consumers and investors. Register to receive next editions directly in your inbox.

In terms of affluent cities, New York continues to lead both the United States and the globe.

According to the USA Wealth Report from Henley & Partners and New World Wealth, the Big Apple is the richest metropolis in America, home to around 350,000 millionaires and 60 billionaires. The number of millionaires in the city has increased by 48% in the last ten years, despite all the stories about the wealthy fleeing.

Despite surpassing New York in the number of billionaires—having more than 305,000 millionaires and 68 billionaires—the San Francisco Bay Area is the second richest metropolis in the United States. The Bay Area has seen even more remarkable growth over the last ten years, with an 82% increase in the number of millionaires living there. It is anticipated that the artificial intelligence field would experience further growth and investment.

Austin, Texas, has more than doubled its billionaire population to almost 33,000 during the past ten years, making it the ultra-wealthy city in the United States with the quickest rate of growth among the top ten. Miami is comparable, having had an 87% increase in millionaires over the previous ten years, albeit at a fraction of the number seen in New York City.

The data demonstrates that despite wealth movement to the Sun Belt, which is loosely defined as the southern part of the country recognized for its sunny climate and lower tax states, the twin wealth hubs in the United States continue to exist.

According to Andrew Amoils, head of research at New World Wealth, “the Bay Area and New York City are expected to remain America’s wealthiest cities for many more decades to come, despite the recent rise of major wealth hubs in Texas and Florida.”

The top 10 are as follows:

10. California’s Fremont

  • $155,968 is the median household income.
  • 69.7% of inhabitants have a household income of more than $100,000.

9. Sunnyvale, California

  • $156,059 is the median household income.
  • 67.9% of residents have a household income of $100,000 or more.

8. Mountain View, California

  • $157,243 is the median household income.
  • 70.4% of residents have a household income of $100,000 or more.

7. California’s San Ramon

  • $162,388 is the median household income.
  • 73.3% of residents had a household income of $100,000 or more.

6. Sixth, Bethesda, MD

  • $167,162 is the median household income.
  • 67.4% of residents have a household income of $100,000 or more.

5. Californian Milpitas

  • $169,460 is the median household income.
  • 72.4% of residents have a household income of $100,000 or more.

4. Massachusetts’s Newton

  • $183,208 is the median household income.
  • 70.7% of residents have a household income of $100,000 or more.

3. California’s Palo Alto

  • $195,781 is the median household income.
  • 70.9% of residents had a household income of $100,000 or more.

2. Seattle, Sammamish

  • $201,370 is the median household income.
  • 79.9% of residents had a household income of $100,000 or more.

1. Dublin, California

  • $205,219 is the median household income.
  • 77.5% of residents had a household income of $100,000 or more.

10 Wealthiest Cities in the United States:

  1. Dublin, California
  2. Sammamish, Washington
  3. Palo Alto, California
  4. Newton, Massachusetts
  5. Milpitas, California
  6. Bethesda, Maryland
  7. San Ramon, California
  8. Mountain View, California
  9. Sunnyvale, California
  10. Fremont, California

Leave a Reply

Your email address will not be published. Required fields are marked *