Quote:
Originally Posted by JMKeynes
DC has 690k residents. NY has 8.9m. A more interesting ratio would be Manhattan, where virtually all those HNW residents live, to DC.
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I don't think that's true. More and more of them live in Brooklyn these days.
Quote:
Originally Posted by iheartthed
That said, the distribution of HNW people in NY Metro is probably far more biased to the city than it is in other U.S. metros. I would guess that at least half of the region's HNW individuals live in NYC, while in D.C. almost all probably live in the suburbs.
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I don't think that's true either as a drive through Northwest, west of Rock Creek Park, will demonstrate.
I'm still unclear on the data here because I don't want to give them my information to download the entire report. So are we taking about cities or metros? Net worth or income?
If we are talking about net worth and cities, the density of millionaires in SF should be way near if not at the top of the pack. If it's the metros, the poorer areas of the East Bay dilutes the density of HNW folks a lot. But if the entire Bay Area were one metro, as it economically is, the wealth in Silicon Valley would boost us near the top again. Looking at cities only, SF and DC stand out as being far smaller than the others on these lists. That they are even in contention means they standout in terms of density.