The economic downturn continues to affect the lives of millions of Americans. They are, amongst other things, more anxious and stressed. frugal with summer vacationsA handful of US cities Continue to hold vast reserves wealth.
A new report on the wealthiest cities in the US released today by Henley & Partners and New World Wealth, the number of millionaires in the last decade grew by double-digit percentages in at least 10 cities across the country. More than 6 million individuals with investable wealth exceeding $1 million live in the US.
The report also shows an impressive 34% global liquid wealth, 37% of world millionaires and 36% centimillionaires (those with wealth of $100 million or greater) and 33% of billionaires.
In 2024, the US’s wealth statistics were boosted by 3,800 individuals with high net worth who migrated to the US. This included 95 centimillionaires and ten billionaires. Conversely, the number of US citizens looking into alternative residence or citizen programs abroad jumped by 183% from 2024 to 2025, according to HenlEy & Partners data.
EuropeLatin America and Caribbean are the two most popular destinations for these investment residence programs, which is noted as a valuable way to diversify your wealth. “The apparent paradox of wealthy US-Americans considering moves abroad, while non-Americans aggressively invest in the USA, reflects a broader global dynamic and an economic truth,” Jean Paul Fabri, chief economist at Henley & Partners, said in the report. The USA is still the best place in the world to grow and create wealth, even though some people choose to relocate elsewhere. For global investors, the American market represents opportunity, scale, security, and innovation—attributes that remain scarce beyond US borders.”
Take a look at some of the richest cities in the US for 2025 and learn about their history. wealthiest cities in the world More.
The 5 wealthiest US Cities
5. Houston
Texas’s largest metropolis has a population of rapidly increasing millionaires. The “Energy Capital of the World” is a center for the oil and natural gas industries. Houston The number of millionaires in the country grew by 75% between 2014 and 2024, bringing it to 81.800. The figure includes 210 centimillionaires as well as 16 billionaires. According to the report, Houston’s tax system is appealing to investors, in addition to its lucrative energy industry. Dallas and Austin also ranked high on the list of wealthiest cities in Texas. They grew their millionaire population by 85% & 90% respectively.
