SCOTTSDALE, AZ — Scottsdale has become the fastest-growing wealth hub in the United States, with its millionaire population rising 125% from 2014 to 2024, according to Henley & Partners’ USA Wealth Report 2025.
The city of about 246,000 now has 14,800 millionaires, 64 centi-millionaires and five billionaires, underscoring how quickly high-net-worth residents have concentrated there.
Scottsdale tops U.S. growth rankings for millionaire residents
Henley & Partners said no other American city matched Scottsdale’s pace of millionaire growth over the last decade.
Among the other major gainers were West Palm Beach at 112%, the Bay Area at 98%, Miami at 94% and Washington, D.C., at 92%.
Home prices far exceed the national average
Wealth has come with a high price tag. Zillow puts Scottsdale’s median home price at $832,749, which is 133% above the U.S. median of $357,275…