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Which cities are minting millionaires the fastest?


Robert Frank, CNBC November 27, 2012, 4:03:01 PM EST


Hint: Try heading Southwest.

Robert Frank, CNBC

Where should you live if you want to be a millionaire?

Try Houston or San Jose.


Growth is not to be confused with total population of millionaires. New York still towers over the rest of the country when it comes to sheer numbers of super-wealthy residents with 727,100, up 1 percent from 2010.

In second place came Los Angeles, with 255,600 millionaires, followed by Chicago with 212,100 and then Washington, DC with 166,200 millionaires. Some cities lost millionaires.

Detroit led the pack of losers, seeing its millionaire population drop by 2.2 percent to 90,100. Philadelphia lost .9 percent of its millionaires, whose population dropped to 109,400.

-By CNBC's Robert Frank

Follow Robert Frank on Twitter: @robtfrank

© 2012

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