Where Do Millionaires Live? Top Richest Cities In The World

An up-to-date list of cities where the most dollar millionaires and billionaires live in the world has been published. There are fifty of them in the rating — the full list can be found by clicking on the link. 11 of the 50 cities in this top are in the USA, and 5 more are in China.

Where do the most millionaires and billionaires live?

Here are the top 20 most expensive cities in the world:

City	A country	The number of millionaires	The number of billionaires	Growth of millionaires % (from 2013 to 2023)
1. New York	USA	349,500	60	+48%
2. The Bay Area (San Francisco)	USA	305,700	68	+82%
3. Tokyo	Japan	298,300	14	-5%
4. Singapore	Singapore	244,800	30	+64%
5. London	Great Britain	227,000	35	-10%
6. Los Angeles	USA	212,100	43	+45%
7. Paris and Ile de France	France	165,000	23	+12%
8. Sydney	Australia	147,000	20	+34%
9. Hong Kong	Hong Kong (SAR of China*)	143,400	35	-4%
10. Beijing	China	125,600	42	+90%
11. Shanghai	China	123,400	39	+84%
12. Chicago	USA	120,500	24	+22%
13. Toronto	Canada	106,300	18	+25%
14. Milan and Lombardy	Italy	104,500	15	+20%
15. Melbourne	Australia	97,900	10	+40%
16. Frankfurt	Germany	94,500	15	+14%
17. Houston	USA	90,900	18	+70%
18. Zurich	Switzerland	88,400	10	+20%
19. Seoul	South Korea	82,500	20	+28%
20. Geneva	Switzerland	79,800	14	+36%

* is a special administrative unit of the People’s Republic of China with a high degree of autonomy

A few details about the top five cities on this list.

1. New York

The financial center of the United States of America, as well as the first in the list of world financial centers. New York is home to the headquarters of many Fortune 500 companies.

Buy an apartment (90 sq. m.m) in New York, it is possible for an average of 970,000-2,420,000 USD (according to the Numbeo service).

You can rent a one-bedroom apartment in New York for 3000-5680 USD per month. In turn, a three-bedroom apartment can be rented for 6000-15,000 USD per month.

2. San Francisco Bay Area

The San Francisco Bay Area is one of the largest high-tech hubs in the world. This region is also known for having the highest average wage in the entire Western Hemisphere.

Buy an apartment (90 sq. m.m) in San Francisco, it is possible for an average of 970,000-1,840,000 USD (according to the Numbeo service).

Rent a one-bedroom apartment in San Francisco is available for 2800-4200 USD per month. A 3-bedroom apartment can be rented for 5000-8000 USD per month.

3. Tokyo

The economic center of Japan. Tokyo is home to the Tokyo Stock Exchange, the largest stock exchange in Asia by market capitalization. Tokyo is home to many multinational companies such as Honda, Sony.

Buy an apartment (90 sq. m.m) in Tokyo, it is possible for a price in the range from 420,000 to 1,800,000 USD (according to Numbeo).

Rent a one-bedroom apartment in Tokyo is available for 630-1600 USD per month. In turn, a three-bedroom apartment can be rented for 1400-4350 USD per month.

4. Singapore

The city-state of Singapore is the gateway to Southeast Asia and the second richest city in Asia after Tokyo. Singapore also ranks 3rd in the list of global financial centers.

Buy an apartment (90 sq. m.m) in Singapore, it is possible for a price in the range from 1,050,000 to 2,165,000 USD (according to the Numbeo service).

You can rent a one-bedroom apartment in Singapore for 1700-4100 USD per month. In turn, a three-bedroom apartment can be rented for 3,570-7,820 USD per month.

5. London

London has long been the richest city in the world, but over the past 10 years there have been fewer millionaires in the city, so the place in the list is decreasing every year. If in 2023 London took the 4th place in this list, then in 2024 it lost this place to Singapore and became the last in the top 5.

It is worth noting that London still retains its position as the second world financial center.

You can buy an apartment in London (90 sq.m.) for an average of 1,140,000-2,510,000 USD (according to Numbeo).

You can rent a one-bedroom apartment in London for 2030-3800 USD per month. In turn, a 3-bedroom apartment can be rented for 4,440-8,250 Usd per month.