Phoenix is quickly becoming one of the country’s top metros for millionaires. The number of households earning $1 million or more a year has grown from 257 in 2020 to 1,897 in 2024, a 638% surge that places the metro at No. 16 nationwide for millionaire households.
And while the majority own their homes, about 1 in 20 millionaires in the Valley is a renter…