These cities have the most millionaires and billionaires in the US: See the map (2024)

FAQs

What city has the most millionaires and billionaires? ›

California and New York are the only states with 100+ billionaires. In fact, they also have more billionaires than every other country in the world, except for China. Fourteen states, led by the aforementioned Florida and Texas, have double-digit billionaire populations.

The rich are thriving in California.

Los Altos, California, topped the list as the No. 1 city where the rich are getting richer with a 2022 mean household income of $400,817. Seven cities mentioned in the top 10 are located in California.

China has 814 billionaires, the most in the world, according to the Hurun Global Rich List 2024.

New York remains the richest city in the U.S. and the world with nearly 350,000 millionaires and 60 billionaires. Its millionaire population has grown 48% over the past decade.

The only states where you won't find a billionaire are Alabama, Alaska, Delaware, New Hampshire, New Mexico, North Dakota, Vermont, and West Virginia.

In 2019, Mississippi had the lowest ratio of millionaire households per capita in the country, with only 4.18 percent of households holding over one million U.S. dollars in assets.

Focusing on the table, New York leads with 349,500 millionaires, 744 centimillionaires (with investable wealth of over $100 million), and 60 billionaires who, together, surpass $3 trillion, which is more than the total wealth of most major G20 countries.

Who is richer, New York or California? ›

Overall, in the calendar year 2024, the United States' Nominal GDP at Current Prices totaled at $28.269 trillion, as compared to $25.744 trillion in 2022. The three U.S. states with the highest GDPs were California ($3.987 trillion), Texas ($2.664 trillion), and New York ($2.226 trillion).

Not Yet, But We'll See One Soon. A trillion dollars is a phenomenal sum of money, equivalent to 1,000 billion dollars.

New York remains the richest city in the U.S. and the world with nearly 350,000 millionaires and 60 billionaires. Its millionaire population has grown 48% over the past decade.

The report lists Dubai as the 21^st-wealthiest city in the world, along with a forecast that the ultra-modern emirate could continue its climb as a wealth magnate and is highly likely to break into the 'Top 20' in the coming years.

But our editorial integrity ensures our experts' opinions aren't influenced by compensation. Terms may apply to offers listed on this page. There are 5.3 million millionaires and 770 billionaires living in the United States. Millionaires make up about 2% of the U.S. adult population.

Scarsdale, NY: Leading the List. The wealthiest suburb in the U.S. is Scarsdale, New York, where the average household income is $568,942 and typical home values exceed $1.4 million. Located 11 miles from Manhattan, Scarsdale has a population of around 20,000 and a significant Japanese community.