America’s moneyed elites have long flocked to coastal hubs of wealth such as New York City and Los Angeles—but now, the richest 1% have started migrating to cities off the beaten path.
These five “second-tier” hubs have blossomed into the fastest-growing cities for millionaires since 2013, according to the USA Wealth Report 2024 by the investment consulting firm Henley & Partners.
And there are different reasons they are enticing deep-pocketed newcomers—from tech jobs, to simply being a great place to raise a family or retire.