A study conducted by Point2Homes came up with some unexpected results, including that the Dallas-Fort Worth-Arlington metro area has the 10th largest concentration of millionaire households in the nation.
The population analysis, conducted by the online real estate marketplace, compared the lives of millionaires living in the United States’ largest metropolitan areas between 2017 and 2022. It would appear that Texas either attracts millionaires or grows them. Two of the state’s metro areas are among the top 10 areas with the greatest concentration of those with an income into seven figures. Right above DFW was the Houston-The Woodlands-Sugar Land at No. 9.
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According to the report, the number of households in the U.S. earning at least a million per year is four times higher than it was five years ago. Almost 2,700 millionaire homeowners live across the Dallas-Fort Worth-Arlington metroplex, comprising 0.09% of the area’s households. Gen Xers made up 44.1% of the DFW millionaires, with the second largest group being baby boomers at 24.7%.
The primary occupation for DFW’s Gen X millionaires is physician, while for baby boomers and millennials it was legislator and chief executive. The average DFW millionaire lives in a ten-room house containing five bedrooms with an assessed value averaging $1,402,167, and owns on average 2.7 vehicles.
The largest concentration of millionaire households is the area of New York City-Newark-Jersey City.
