Austin Leads Pack with 110% Surge in Millionaires Over Past Decade, While NYC and LA See Slower Growth

Austin saw the highest 110% growth rate of millionaire residents in the past 10 years compared to other major US cities.

Scottsdale, Arizona came in second with a 102% growth rate in millionaires over the past decade.

Palm Beach and West Palm Beach, Florida saw a 93% increase in their millionaire populations in the last 10 years.

Despite having the most millionaires, New York City and Los Angeles experienced slower millionaire growth rates under 50% in the past 10 years.

Traditional wealthy hubs like New York, Los Angeles, and Chicago ranked low in terms of recent millionaire growth compared to cities like Austin, Miami, and Scottsdale.