High-net worth residents are settling down in the Sunbelt

High-net worth residents are settling down in the Sunbelt

Increase of individuals worth $1 million+ between 2012 and 2022

US cities where number of individuals worth $1 million or more increased between 2012 and 2022

Austin, Texas

102%

West Palm Beach, Fla.

90%

Scottsdale, Ariz.

88%

Miami, Fla.

75%

Greenwich & Darien, Conn.

72%

Bay Area, Calif.

68%

Seattle, Wash.

68%

Houston, Texas

65%

Santa Barbara & Montecito, Calif.

65%

San Diego, Calif.

58%

Las Vegas, Nev.

55%

Boston, Mass.

50%

New York City, N.Y.

40%

Los Angeles, Calif.

35%

Chicago, Ill.

24%

Note: Figures accurate as of dec. 31 2022. Bay Area Includes San Francisco and Silicon Valley

Chart: Tristan Bove SOURCE: Henley & Partners