Quote:
Originally Posted by arbeiter
Los Angeles is an interesting case, because it's both a very populous county and also has a large raw number of millionaires.
Harris County is perhaps the most interesting of all, because not only is it very populous, but being a millionaire in Houston is like being a multi millionaire in LA. You can live very handsomely on a relatively modest income there. So I would say Harris County has to be the bang-for-buck winner. $1 million buys you a shack in Santa Clara county, in Houston it buys you a bona fide pre-war mansion or mansionette, 3 luxury high-rise 1 bedroom apartments, or, if you're tacky, a McMansion with acreage galore, 3 car garages, 6 or 7 bedrooms, a circular driveway, etc.
Also, New York County (Manhattan) is only like 1.5 million people.
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To me, it's pretty evident that Harris is creating millionaires based on the amount of money one saves from living there (it's obviously not that easy, but you get the drift). Considering that mid-level salary is pretty decent, it's probably the best value city around.
In LA, I wouldn't understand the allure of being a millionaire. There's so many (and they're so active around the city) it seems like it wouldn't even be fun or abnormal.