Scottsdale, AZ—an upscale desert city with a population of fewer than 250,000 residents—has unseated Austin, TX, as the nation’s fastest-growing metro for millionaires.
From 2014 to 2024, Scottsdale’s millionaire demographic surged by a staggering 125%, mainly driven by the city’s rapidly expanding tech sector, according to the USA Wealth Report 2025, released in May by investment consulting firm Henley & Partners.
“Scottsdale has grabbed the attention of high-earning households over the last decade as luxury buyers flock to the area in search of sunshine and access to the area’s amenities, such as golf courses and resorts,” says Realtor.com® senior economic research analyst Hannah Jones…