Where do rich people live in 2026? The wealthiest cities, taxed

The 50 wealthiest cities

Where the millionaires live.

Resident millionaires, residents worth $100M or more, and billionaires, with growth in the millionaire count over 10 years. The last column is the effective income tax on $1,000,000 for a single filer at that address on the Patrician.ch board.

#	City	Millionaires	$100M+	Billionaires	Growth, 10 years	Tax on $1M
1	New York City	384,500	818	66	+45%	43%
2	The Bay Area	342,400	756	82	+98%	43%
3	Tokyo	292,300	262	18	+4%	53%
4	Singapore	242,400	333	30	+62%	21%
5	Los Angeles	220,600	516	45	+35%	43%
6	London	215,700	352	33	−12%	43%
7	Paris	160,100	277	22	+5%	45%
8	Hong Kong	154,900	346	40	+3%	16%
9	Sydney	152,900	224	22	+28%	45%
10	Chicago	127,100	295	25	+24%	not on the board
11	Milan	115,000	182	17	+24%	45%
12	Beijing	114,300	316	38	+72%	not on the board
13	Osaka, Kyoto and Kobe	112,200	128	12	+20%	not on the board
14	Shanghai	110,500	293	35	+67%	not on the board
15	Toronto	108,400	184	20	+18%	not on the board
16	Melbourne	94,000	108	12	+36%	not on the board
17	Houston	81,800	210	16	+75%	not on the board
18	Dubai	81,200	237	20	+102%	0%
19	Frankfurt	80,300	132	13	+9%	not on the board
20	Zurich	77,800	180	10	+10%	37%
21	Dallas	72,400	135	16	+85%	33%
22	Geneva	70,200	215	14	+26%	40%
23	Munich	69,800	87	11	+17%	45%
24	Seoul	66,000	148	16	+17%	not on the board
25	Seattle	53,100	127	11	+48%	not on the board
26	Rome	51,800	83	9	+9%	45%
27	Mumbai	51,200	205	25	+69%	not on the board
28	Shenzhen	50,800	156	22	+142%	not on the board
29	Vancouver	46,400	90	11	+52%	not on the board
30	Amsterdam	46,100	93	9	+32%	not on the board
31	Boston	45,000	112	8	+40%	not on the board
32	Miami	38,800	180	17	+94%	33%
33	Madrid	34,900	72	8	+5%	43%
34	Perth	34,600	66	9	+32%	not on the board
35	Hangzhou	32,200	104	12	+108%	not on the board
36	Austin	32,000	90	10	+90%	33%
37	Vienna	31,500	74	7	+20%	48%
38	Taipei	31,400	85	16	+60%	not on the board
39	Delhi	31,200	125	16	+82%	not on the board
40	Moscow	30,000	178	23	−25%	not on the board
41	Washington DC	28,900	97	12	+92%	not on the board
42	Berlin	28,400	50	5	+25%	not on the board
43	Brisbane	26,400	39	4	+22%	not on the board
44	Nice	25,500	92	9	+18%	45%
45	Guangzhou	24,300	69	9	+88%	not on the board
46	Manchester	23,400	68	7	+7%	not on the board
47	Stockholm	23,100	60	11	+2%	not on the board
48	Tel Aviv	22,600	76	9	+25%	46%
49	Dublin	22,300	43	5	+34%	not on the board
50	Lisbon	22,200	45	4	+40%	51%

Smaller places, deeper money.

Addresses on the board outside the top 50 by headcount, with their published figures.

#	City	Millionaires	$100M+	Billionaires	Growth, 10 years	Tax on $1M
·	Abu Dhabi	17,800	75	8	+80%	0%
·	Monaco	15,800	192	30	+58%	0%
·	Bangkok	10,200	45	10	+53%	34%

Where the $100M residents are.

Resort and regional hubs counted for residents worth $100M or more only. Where the count covers a region, the board address named sits inside it.

Counted as	$100M+ residents	Address on the board	Tax on $1M
Luxembourg City	70	Luxembourg	44%
Costa del Sol	62	Marbella	45%
The Algarve	55	Quinta do Lago	51%
Montecito and Santa Barbara	52	Montecito	43%
Zug (canton)	45	Zug	22%
Athens	42	Athens	43%
Lugano	40	Lugano	35%
Cannes and Antibes	35	Cannes	45%
Boca Raton	30	Boca Raton	33%
Barcelona	28	Barcelona	48%
Naples, Florida	28	Naples	33%
Limassol	22	Limassol	34%
Saint-Tropez	14	Saint-Tropez	45%

Sources: Henley & Partners and New World Wealth, World’s Wealthiest Cities Report 2025 (resident millionaires with US$1M+ in liquid investable wealth, data as at December 2024, growth 2014 to 2024). Henley & Partners USA Wealth Report 2025 for Montecito and Boca Raton. City figures are the publisher's estimates, rounded to the nearest 100 for millionaires. Zurich and Geneva are canton figures, the Bay Area is shown against San Francisco, Nice against the Nice to Èze count, and Tel Aviv against Tel Aviv and Herzliya.

By region: Europe · the US · Asia and the Pacific.

Where they are moving next: where millionaires are moving. Where the same money keeps the most: where high earners should live.

Rank all 100 on my own numbers →

Questions

The short answers.

Where do rich people live?

Mostly in New York City, the Bay Area, Tokyo, Singapore, Los Angeles and London, the 6 cities with the most resident millionaires on the latest published count.

New York City leads with 384,500. The full top 50, with what each takes of $1M, is in the table above.

Which city has the most millionaires?

New York City, with 384,500 resident millionaires, 818 residents worth $100M or more and 66 billionaires.

The Bay Area follows with 342,400.

Where do billionaires live?

The Bay Area has the most, 82, followed by New York City (66), Los Angeles (45) and Hong Kong (40).

Where a billionaire keeps the most is a different list: the addresses that tax neither income, gains, wealth nor heirs.

Where do high earners live?

In the same cities that hold the most millionaires, led by New York City, the Bay Area and Tokyo.

On $1M of income, New York City takes 43%, the Bay Area takes 43% and Tokyo takes 53%. Where a high earner keeps the most is ranked on where high earners should live.

Which wealthy cities have no income tax?

Among the cities with a published millionaire count, Abu Dhabi, Monaco and Dubai tax a mover's income at 0% on the model.

The full list of 0% addresses is on countries with no income tax.

Which cities are gaining millionaires fastest?

Among the top 50 on the board, Dubai (+102%), the Bay Area (+98%) and Miami (+94%) over the 10 years to 2024.

London was the only city in the top 10 to shrink, −12%.

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Tax figures use a simplified marginal model with indicative 2026 brackets for a non-US single filer, ignore social contributions, most deductions, wealth taxes, and treaties, and are not advice. Residence rules change often. Verify before acting.

Where the rich actually live.