The variety of American households that earn $1 million or extra yearly grew by 446% between 2017 and 2022 to 136,697, in accordance with analysis from Point2, a web based actual property market.
Of the 322,356 individuals dwelling in these prosperous households, 37.4% are Gen Xers. Child boomers, beforehand the dominant technology, comprise 28.9% of rich households, adopted by 19.7% of millennials and 10.2% of Era Z.
Point2 discovered that the “typical” millionaire home-owner is round 50 years outdated, and works as a decide, lawyer, CEO or doctor. This individual tends to reside in a bustling coastal metropolis, and occupies a $1.8 million, five-bedroom dwelling with three automobiles within the storage.
For its 2017–2022 research of millionaire proprietor households, Point2 used the five-year estimates from IPUMS knowledge within the 30 most populous U.S. metropolitan areas. For context, researchers additionally analyzed the variety of high-income proprietor households, these with annual earnings of greater than $150,000 in addition to all lower-income brackets from U.S. Census knowledge.
See the accompanying gallery for the 12 metro areas with the biggest variety of millionaire owners by technology.