Those who like to live large apparently like to live in DFW.
A new study by online real estate marketplace Point2Homes found that Dallas-Fort Worth is one of the top ten metros in the United States with the most millionaires!
According to CultureMap Dallas, there are just under 2,700 millionaire homeowners living across Dallas-Fort Worth, which makes up 0.09% of all households in the area. That’s good enough to appear tenth on the list of metros with the most millionaires.
The full top ten is as follows:
No. 1 – New York-Newark-New Jersey City, New York-New Jersey-Pennsylvania
No. 2 – Los Angeles-Long Beach-Anaheim, California
No. 3 – San Francisco-Oakland-Berkeley, California
No. 4 – Boston-Cambridge-Newton, Massachusetts-New Hampshire
No. 5 – Washington-Arlington-Alexandria, D.C.-Virginia-Marland-West Virginia
No. 6 – Chicago-Naperville-Elgin, Illinois-Indiana-Wisconsin
No. 7 – Miami-Fort Lauderdale-Pompano Beach, Florida
No. 8 – Seattle-Tacoma-Bellevue, Washington
No. 9 – Houston-The Woodlands-Sugar Land, Texas
No. 10 – Dallas-Fort Worth-Arlington, Texas
The report revealed that a majority of millionaires (44.1%) in DFW are Gen Xers, with the second highest share going to baby boomers (24.7%). Millennials make up 19.3% of millionaires, followed by Gen Z at 9.7%.
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