Market Trends

Cities With the Richest Residents

money raining down in a city

Tech moguls, star athletes and scions of old money have to rest their heads somewhere. Happily, for CRSs in the United States, all but six of the top 20 cities worldwide with the richest residents are in the U.S.

REALM and WealthX compiled the list showing the number of ultra-high net worth ($30 million-plus) individuals with a primary or secondary residence by city for 2022.

Top 20 Ultra-high Net Worth Cities, Globally

Number of ultra-high net worth individuals with primary or secondary residences in cities, ranked in order

1. New York—21,714
2. London—15,907
3. Hong Kong—15,175
4. Los Angeles—13,194
5. Miami—10,831
6. San Francisco—9,221
7. Beijing—8,923
8. Singapore—7,471
9. Chicago—6,506
10. Washington, D.C.—5,732
11. Boston—5,722
12. San Jose—5,291
13. Paris—5,235
14. Dallas—4,686
15. Houston—4,420
16. Seattle—4,334
17. Toronto—3,742
18. Atlanta—3,420
19. Denver—3,134
20. Phoenix—2,969

Another list, compiled by Bloomberg, ranks its Richest Places Index based on average annual household income ($300,000-plus), which gives affluent suburbs their due.

1. Atherton, California—$450,696
2. Scarsdale, New York—$417,335
3. Cherry Hills Village, Colorado—$394,259
4. Los Altos Hills, California—$386,174
5. Hillsborough, California—$373,128
6. Short Hills, New Jersey—$367,491
7. Highland Park, Texas—$358,994
8. Darien, Connecticut—$341,090
9. Bronxville, New York—$340,448
10. Glencoe, Illinois—$339,883

Photo: iStock.com/sefa ozel