Chicago Shines: America’s Wealthiest Cities List Puts the Windy City in the Spotlight for 2025

Chicago has once again solidified its status as a premier destination for luxury living and investment. According to the 2025 Henley & Partners and New World Wealth report, Chicago ranks as the fourth wealthiest city in the United States, boasting 127,100 millionaires, 295 centi-millionaires, and 25 billionaires. 

What People Are Saying

Basil Mohr-Elzeki, the managing partner at Henley & Partners North America, wrote in a report of the U.S.'s strong millionaire growth in recent years: "The remarkable strength of the U.S. stock market has been particularly impactful, with the average American centi-millionaire holding over 50 percent of their liquid wealth in U.S. equities. 

According to Henley & Partners data, these are the 10 wealthiest cities in the U.S., based on the number of millionaires, centimillionaires and billionaires living there:

1. New York City, New York
2. Bay Area (San Francisco), California
3. Los Angeles, California
4. Chicago, Illinois
5. Houston, Texas
6. Dallas, Texas
7. Seattle, Washington
8. Boston, Massachusetts
9. Miami, Florida
10. Austin, Texas

This impressive growth—a 24% increase in the millionaire population over the past decade—underscores Chicago's dynamic economy and its appeal to high-net-worth individuals. The city's diverse economic landscape, featuring Fortune 500 companies like McDonald's, United Airlines, and Kraft Heinz, combined with its rich cultural heritage and architectural marvels, makes it an attractive hub for affluent residents and investors alike.

For those seeking to immerse themselves in Chicago's luxury real estate market, this is an opportune moment. The city's continued economic vitality and cultural vibrancy offer unparalleled opportunities for discerning buyers and investors.

Explore the possibilities that await in Chicago's luxury real estate market and be part of a city that's not just growing—it's thriving.

— Craig Hogan & Rudy Zavala
Hogan Zavala Group | Engel & Völkers Chicago

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Source: Newsweek. Henley & Partners