Where does Dallas rank among the wealthiest cities in the world? (2024)

As home of the likes of Mark Cuban and Jerry Jones, it’s no secret Dallas has its share of wealthy residents.

DALLAS — As home of the likes of Mark Cuban and Jerry Jones, it’s no secret Dallas has its share of wealthy residents, but where does Dallas rank among the world’s wealthiest cities?

Dallas is the 22nd wealthiest city in the world, and its number of millionaires has grown 75% from 2013 to 2023, according to a new report from London-based private investment migration consultancy firm Henley & Partners. Their report, in partnership with New World Wealth, is published annually.

Dallas has 68,600 millionaire residents and 15 billionaires, according to the report.

Dallas ranks as the sixth wealthiest city in the U.S., behind New York City with 349,500 millionaire residents and 60 billionaire residents, the Bay Area with 305,700 millionaires and 68 billionaires, Los Angeles with 212.100 millionaires and 43 billionaires, Chicago with 120,500 millionaires and 24 billionaires, and Houston with 90,900 millionaires and 18 billionaires, according to the report.

Austin is also ranked as the 10th wealthiest city in the U.S. with a millionaire count of 32,700 and 10 billionaires.

The U.S. leads the pack among the world’s wealthiest cities with 11 cities listed among the top 50 wealthiest cities, according to the report.

To see the full ranking of the top 50 wealthiest cities in the world, visit Henley & Partners’ website.

Where does Dallas rank among the wealthiest cities in the world? (2024)

FAQs

Where does Dallas rank among the wealthiest cities in the world? ›

Dallas is the 22nd wealthiest city in the world, and its number of millionaires has grown 75% from 2013 to 2023, according to a new report from London-based private investment migration consultancy firm Henley & Partners. Their report, in partnership with New World Wealth, is published annually.

Is Dallas one of the wealthiest cities? ›

Dallas is the 22nd wealthiest city in the world, and its number of millionaires has grown 75% from 2013 to 2023, according to a new report from London-based private investment migration consultancy firm Henley & Partners. Their report, in partnership with New World Wealth, is published annually.

Is Houston or Dallas more wealthy? ›

Houston, Dallas and Austin made the list of the top 10 U.S. cities with the most millionaires: Houston: 90,900 millionaires. Dallas: 68,600 millionaires. Austin: 32,700 millionaires.

What is the top 10 richest city in the world? ›

From New York To Beijing; Here Are World's Top 10 Wealthiest...
  1. New York. The financial centre of the US tops the list of wealthiest cities in the world. ...
  2. Northern California's Bay Area. This city is home to the leading tech giants in the world. ...
  3. Tokyo. ...
  4. Singapore. ...
  5. London. ...
  6. Los Angeles. ...
  7. Paris. ...
  8. Sydney.
May 9, 2024

What is the ranking of the city of Dallas? ›

Dallas
• Rank20th in North America 9th in the United States 3rd in Texas
• Density3,840.88/sq mi (1,482.97/km2)
• Urban5,732,354 (US: 6th)
• Urban density3,281.5/sq mi (1,267.0/km2)
33 more rows

Why is Dallas so wealthy? ›

America's recent upper-end wealth concentration is the result of an amazingly long bull market, regressive taxes, and real gains in gross domestic product. The drivers in Dallas have included booms in energy, finance, transportation, international trade, and strong defense spending.

How many billionaires live in Dallas? ›

The Henley & Partners report finds that Dallas is home to 15 billionaires, 125 cento-millionaires (those worth at least $100 million) and an eye-popping 68,600 millionaires.

Are there more millionaires in Texas or California? ›

In 2020, California had the highest number of millionaire households in the U.S., with 1.14 million households having one million or more in investible assets. This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number.

Where do most millionaires live in the USA? ›

About 5.5 million millionaires live in the US, a wealth report by Henley & Partners said. Unsurprisingly, New York City has the most millionaires.

What is the richest part of Dallas? ›

Highland Park

Highland Park is the richest neighborhood in Dallas. Located just north of downtown, this affluent neighborhood is the epitome of luxury living. In addition to its stunning assortment of upscale residences, this area is also home to walkable streets and an abundance of recreational centers.

What are the 5 richest city in USA? ›

What are the wealthiest cities in the US?
  1. New York City, New York. A view over New York City, the wealthiest city in the US / Image: Shutterstock. ...
  2. The Bay Area, California. ...
  3. Los Angeles, California. ...
  4. Chicago, Illinois. ...
  5. Houston, Texas. ...
  6. Dallas, Texas. ...
  7. Seattle, Washington. ...
  8. Boston, Massachusetts.
Mar 30, 2024

What US city has the most billionaires? ›

🇺🇸 U.S. With 340,000 millionaires and 58 billionaires, New York City stands as the world's wealthiest metropolitan area. Between 2012 and 2022, the number of high net worth individuals living in the Big Apple increased by 40%, even as the pandemic drove an exodus of wealthy people from the city.

Where do US billionaires live? ›

There are 760 billionaires in the U.S., of which 472 (62%) live in just four states: California, New York, Florida, and Texas.

What tier city is Dallas? ›

Second-tier cities such as Atlanta, Austin, Charlotte, Dallas, Denver, Miami, Nashville and Raleigh have seen 10-year population growth of between 10%-30%, outpacing the 2010-2020 U.S. population growth of 7.1%, according to a recent JLL report.

What rank is Texas Dallas? ›

University of Texas Dallas is ranked #460 in Best Global Universities. Schools are ranked according to their performance across a set of widely accepted indicators of excellence.

Is Dallas a world class city? ›

Dallas comes in at No. 73 for 2024, slipping from its position as No. 47 in the 2023 ranking. London topped the list again for 2024, followed by Paris (No.

Is Dallas the most expensive city in Texas? ›

Summary. Austin is the most expensive city in Texas, with skyrocketing housing prices and high costs for dining and entertainment. Dallas is another costly city in Texas, with expensive housing, food, and fun in downtown and Uptown areas.

Is Dallas richer than San Antonio? ›

The average income in San Antonio is $28.91 per hour compared to $34.50 in Dallas.

What is the top 1% in Dallas Texas? ›

Texans need to earn more than $631,850 to be considered part of the state's 1%, per SmartAsset. By comparison, the income thresholds for all four of Texas' neighbors are in the $400,000s.

What is considered rich in Dallas? ›

Residents say you need to make $2.2 million to be considered rich. When it comes to living comfortably, Americans believe you can only do so with much less. People surveyed think you need an average of $778,000 to be financially comfortable. In Dallas, that number falls to $724,000.

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