New York City sees millionaire population soar 48 percent in 10 years (2024)

FAQs

How many millionaires are in New York City? ›

New York City is now home to 349,500 millionaires. The city has the most in the world.

New York City

Of all the cities in the US, it's little surprise that the Big Apple has the most millionaires. New York City had 349,500 as of December, a jump of 48% compared to 2013, the Henley and Partners' report said. This means about 7% of all millionaires residing in the US live in the city.

New York City has a 2024 population of 7,931,147, according to data from World Population Review. World Population Review says New York City is currently declining at a rate of -2.49% annually and its population has decreased by -9.26% since the most recent census, which recorded a population of 8,740,647 in 2020.

Based on wealth per capita, Monaco ranks No. 1 in the world, with more than 40% of its residents being millionaires. New York City comes second.

New York

New York residents earning over $776,662 in 2023 are considered part of the top 1%, while the threshold for the top 5% is significantly lower at $276,092. The top 1% of taxpayers in the Empire State are taxed at an average rate of 28.29%, which is second-highest across the country.

1. Atherton, California. The top spot on the list of the wealthiest cities in the U.S. belongs to Atherton, California. Atherton is located just outside of Silicon Valley, and directly between San Francisco and San Jose, making it one of the most prominent cities in the country.

The city's population in 2020 was 30.9% White (non-Hispanic), 28.3% Hispanic or Latino, 20.2% Black or African American (non-Hispanic), 15.6% Asian, and 0.2% Native American (non-Hispanic). A total of 3.4% of the non-Hispanic population identified with more than one race and 1.4% as some other race.

What is the white population in New York City? ›

White Americans of non-Hispanic origin make up 35.1% of the city's population. There are 2,918,976 non-Hispanic whites residing in the city. Much of New York City's European American population consists of individuals of Italian, Irish, German, Russian, Polish, English, and Greek ancestry.

New York City Population Growth, 2000–2030

For the year 2020, we project the city's popula- tion at 8.7 million, and at 9.1 million for 2030. Thus, between 2000 and 2030, the city's population is expected to increase by 1.1 million resi- dents, or 13.9 percent.

The easiest place to reach the top of the heap is West Virginia, where an annual income of $329,620 will qualify you as among its highest earners. But you'll have to earn more than twice that, at $719,253, to join the top 5% in Washington D.C.

A 19-year-old Brazilian student, Livia Voigt, claims the title of the world's youngest billionaire, surpassing Italian teen Clemente Del Vecchio.

Mississippi consistently ranks as the state with the lowest concentration of millionaire households per capita in the U.S., but don't feel bad for the Magnolia State. Thanks to low consumer prices and light taxes, Mississippi also is the second-least expensive state.

With more than 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York City is one of the world's most populous megacities.

(Click on image to see full key and data.) Pop. 2023 est. New York City is the most populous city in the United States, with an estimated 8,804,190 people living in the city, according to the 2020 U.S. Census (up from 8,175,133 in 2010; 8.0 million in 2000; and 7.3 million in 1990).

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.

Though the US Census provides a cozy estimate of 1.6 million people calling Manhattan 'home', the island's true population swells considerably, like clock-work, every Monday through Friday.