The U.S. Sun Belt Shines: Wealth and Millionaires on the Rise

The Sun Belt, a region spanning from California to Florida, has seen an influx of millionaires, making it a prime area of wealth in the United States.

Leading this growth, Austin, Texas, experienced a 110% increase in its millionaire count from 2013 to 2023.

Scottsdale, Arizona, and Palm Beach, Florida, follow closely with growth rates of 102% and 93%, respectively.

In addition, the United States is home to 5.5 million millionaires, representing 37% of the global total.

A significant part of this growth, a 62% increase over the past decade, is attributed to the tech industry’s boom. This national trend surpasses the global rate of 38%.

Miami, Dallas, and Houston’s millionaire populations surged over 70% in a decade, reflecting wider wealth distribution trends in the US.

In short, this movement highlights the changing dynamics of wealth and the growing attractiveness of the Sun Belt as a destination for affluent individuals.