Austin is the fastest-growing city for millionaires, according to the 2023 Wealth Report by Henley & Partners.
Between 2012 and 2022, the number of millionaires calling Austin home more than doubled to 30,500. A ‘millionaire growth rate’ of 102% puts Austin at the top of the list.
Both West Palm Beach and Miami, Florida, made the top five list, along with Scottsdale, Arizona and Greenwich/Darien, Connecticut. Each of the top five cities saw growth rates of more than 70% over the decade.
Of Austin’s 30,500 millionaires, 86 are ‘centi-millionaires,’ meaning their wealth is more than $100 million. There are also nine billionaires who live in Austin," says KXAN.
to keep reading the rest of this coverage, including which other U.S. cities made the top list, from KXAN.