The ‘Richest’ U.S. City Probably Isn’t Where You Think It Is

There are more than five million millionaires in the U.S. Where do most of them live?

If your mind goes to major metropolises like New York City, Los Angeles, Chicago or Houston, you’re on the right track: All of the above boast high numbers of millionaire households.

However, wealth can be measured in different ways, and when considering the percentage of millionaire households relative to a city’s total population—along with other key wealth indicators—the “richest” U.S. cities might not be where you’d expect.

Related: Young and Wealthy Professionals Are Moving to These 10 States, According to a New Report

Property management company Evernest examined personal income, cost of living, homeownership rate, percentage

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