The top 10 richest cities in America (2024)

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New York still leads the U.S. and the world when it comes to wealthy cities.

With nearly 350,000 millionaires and 60 billionaires, the Big Apple is the richest city in America, according to the USA Wealth Report from Henley & Partners and New World Wealth. Despite all the headlines about the rich leaving the city, its millionaire population has grown 48% over the past decade.

The San Francisco Bay Area ranks as the second richest city in America, despite topping New York for billionaires, with more than 305,000 millionaires and 68 billionaires. The Bay Area's growth rate over the past 10 years has been even more impressive, with its millionaire population soaring 82%. The surge in investment and growth in artificial intelligence is expected to add another boost to the area.

The fastest-growing U.S. city for the ultra wealthy among the top 10 is Austin, Texas, which has more than doubled its millionaire population over the past decade to nearly 33,000. Miami is up there too, with 87% growth in millionaires over the past decade — but with one-tenth the New York City total.

The numbers show that the twin wealth hubs in the U.S. endure, despite wealth migration to the Sun Belt — which is roughly defined as the southern third of the U.S. known for its sunny weather and lower tax states.

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

Here are the top 10:

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The top 10 richest cities in America (2024)

FAQs

The top 10 richest cities in America? ›

New Jersey topped a U.S. News & World Report ranking of the richest states in the U.S. The ranking, published in November, used the U.S. Census Bureau's American Community Survey estimates from 2022 to identify states with the highest median household income.

Which US city has the most billionaires? ›

1. New York
  • Population: 8.47 million.
  • Number of billionaires: 101.
  • Combined net worth: $616.8 billion.
Mar 31, 2024

Which part of America is richest? ›

New Jersey topped a U.S. News & World Report ranking of the richest states in the U.S. The ranking, published in November, used the U.S. Census Bureau's American Community Survey estimates from 2022 to identify states with the highest median household income.

What city makes the most money? ›

The Top 10 Wealthiest Cities in the World in 2023
  • New York City. The Big Apple is home to 340,000 millionaires, 724 centi-millionaires, and 58 billionaires. ...
  • Tokyo. Tokyo has 290,300 resident millionaires, 250 centi-millionaires, and 14 billionaires. ...
  • The Bay Area. ...
  • London. ...
  • Singapore. ...
  • Los Angeles. ...
  • Hong Kong. ...
  • Beijing.

What is the richest city rank? ›

10 richest cities in the world!
  • Richest of all. Here's a list of 10 of the wealthiest cities internationally, based on various economic indicators such as GDP, average income, and overall prosperity: ...
  • Tokyo, Japan. ...
  • New York City, USA. ...
  • London, United Kingdom. ...
  • San Francisco, USA. ...
  • Shanghai, China. ...
  • Beijing, China. ...
  • Hong Kong, China.
Mar 27, 2024

What are the 5 richest city in USA? ›

10 Most Richest Cities In USA
RankCityState
1Washington, D.C.District of Columbia
2New York City, NYNew York
3Boston, MAMassachusetts
4Seattle, WAWashington
6 more rows
Feb 16, 2024

Which state has no billionaires? ›

Alaska, Delaware, and West Virginia are the only states that still don't have a single billionaire resident. Alaska, Delaware, and West Virginia aren't home to any billionaires, Forbes reported. California, in comparison, has nearly 200 billionaires.

What is the poorest state? ›

1. Mississippi. Mississippi stands out as one of the poorest states in America. With a poverty rate of approximately 19.5% as of 2020.

Who is the richest state? ›

Maharashtra. Maharashtra, the financial capital of India, stands tall as the richest state. With a GSDP of over ₹31 trillion, it's home to Mumbai, the country's largest city and economic hub, hosting major banks, multinational corporations, and the stock exchange.

What are the top 5 richest states in the USA? ›

Top 10 Richest States in the USA (by Median Household Income)
  • Massachusetts.
  • Hawaii.
  • Connecticut.
  • Virginia.
  • Washington.
  • Colorado.
  • New Hampshire.
  • Minnesota.
Mar 19, 2024

Which state in the US pays well? ›

But the state where workers earn the highest median annual wage is actually Massachusetts, where the median income as of 2023 is about $60,690, according to the Bureau of Labor Statistics. Workers in the District of Columbia have a higher annual median wage at $84,450, but Massachusetts is the highest-earning state.

What city has the richest citizens? ›

Hurun Research Institute. In 2024, Hurun Research Institute listed New York City with the most billionaires at 119 people, followed by London with 97 billionaires, and Mumbai in third place with 92 billionaires.

Where do rich people live in the USA? ›

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. Within the full list of 25 cities ranked by GOBankingRates, there were a total of 11 California cities.

Where do most billionaires live? ›

The Cities with the Most Billionaires
  • #1. New York City: 101 billionaires | Since last year: -6 | Total net worth: $616.8 billion | Richest resident: Michael Bloomberg ($94.5 billion) ...
  • #2. Hong Kong. ...
  • #3. Beijing. ...
  • #5. London. ...
  • #6. Moscow. ...
  • #7. Mumbai. ...
  • #8. Shenzhen. ...
  • #9. Singapore.
Apr 8, 2023

What city has the most millionaires? ›

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.

What is the richest place on Earth? ›

New York City came in at no. 1 on the list. The report found that from 2012 to 2022, the city had a 40% growth in its population of high-net-worth individuals. According to Henley & Partner's report, NYC is home to 340,000 individuals worth over $1 million, 724 centi-millionaires, and 58 billionaires.

What city has the highest density of billionaires? ›

While New York City is at the top of the list when counting the world's billionaire population, Hong Kong comes out on top when looking at ultra-high net worth population, the report says. Here are the 10 cities across the world where ultra-high net worth people congregate, according to the report.

What is the wealthiest county in the US? ›

Loudoun County located in Virginia, is the richest county in the US with a population of 435,735. The county is known for its tertiary services, booming wine sector, huge wheat-growing land,second-largest, and is the hub of several high-tech and IT businesses.

Which US city has the highest per capita income? ›

GDP per capita for US metropolitan statistical areas (in 2021 dollars)
RankCityGDP per capita
1Midland, TX MSA$228,069
2San Jose-Sunnyvale-Santa Clara, CA MSA$210,235
3San Francisco-Oakland-Berkeley, CA MSA$144,633
4Seattle-Tacoma-Bellevue, WA MSA$119,646
92 more rows

Who is the top 10 billionaires in the United States? ›

Who are the Richest people in the USA?
  • Elon Musk.
  • Jeff Bezos.
  • Larry Ellison.
  • Warren Buffett.
  • Bill Gates.
  • Larry Page.
  • Sergey Brin.
  • Mark Zuckerberg.
Mar 13, 2024

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