Story perspectives

Millionaires Shift to Mid-Sized Cities Amid Housing Crisis

2/23/2025

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Summary

Story summary

Wealthy Americans are relocating to mid-sized cities such as Austin, TX, and Scottsdale, AZ, seeking job opportunities and lifestyle advantages.
Florida continues to attract millionaires, while California and New York experience notable population declines.
Santa Fe, NM, struggles with an affordable housing crisis despite ongoing advocacy efforts.
Rising housing costs are driving an increase in multigenerational living arrangements.
Providence, RI, is gaining popularity as an affordable housing market with appealing amenities.

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Story summary

Wealthy Americans are relocating to mid-sized cities such as Austin, TX, and Scottsdale, AZ, seeking job opportunities and lifestyle advantages.
Florida continues to attract millionaires, while California and New York experience notable population declines.
Santa Fe, NM, struggles with an affordable housing crisis despite ongoing advocacy efforts.
Rising housing costs are driving an increase in multigenerational living arrangements.
Providence, RI, is gaining popularity as an affordable housing market with appealing amenities.