livin' large in DFW

Dallas-Fort Worth makes top 10 list of metros with most millionaires

Must be nice to have a seven-figure income.

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A new population analysis has unveiled an exclusive view into how the elite live in the U.S., including a surprising discovery that Dallas-Fort Worth-Arlington has the No. 10 highest concentration of millionaire households in the country.

The study by online real estate marketplace Point2Homes compared household data among millionaires in the 30 biggest U.S. metropolitan areas, including four Texas metros, between 2017 and 2022.

The report found that the number of U.S. households that earned at least $1 million a year more than quadruped within the five-year period, with the highest concentration of millionaire households located in the New York-Newark-Jersey City area across New York, New Jersey, and Pennsylvania.

There are just under 2,700 millionaire homeowners living across Dallas-Fort Worth, making up 0.09 percent of all households in the area. The report revealed a majority (44.1 percent) of millionaires in DFW are actually Gen Xers, with the second highest share going to baby boomers (24.7 percent).

Most interestingly, the youngest generation, Gen Z, make up 9.7 percent of all millionaire households in Dallas-Fort Worth, with millennials making up 19.3 percent, according to the report. But the Gen Z percentage is misleading; as the report clarifies, there aren't actually that many Gen Z millionaires walking among us in DFW.

"Instead, this high share is most likely almost entirely due to the people aged 15 to 24 who are still living with their (millionaire) owner parents," the report explained. "Unfortunately, living in a millionaire owner household does not a millionaire owner make — but it does come with some serious perks."

Chief executives and legislators make up Dallas-Fort Worth millionaires' main occupations, specifically in the millennial and baby boomer groups. For DFW's millionaire Gen Xers, the main occupation is physicians.

This is how Dallas-Fort Worth millionaires live
The saying goes, "Go big or go home," and Dallas-Fort Worth's millionaire homeowners are taking that to heart when it comes to their own lavish households.

The report discovered the typical home owned by a millionaire in Dallas-Fort Worth-Arlington is a five bedroom, 10 total-room house, with an average assessed value of $1,402,167. As for wheels, a DFW-based millionaire is likely to have less than three vehicles (2.7) on average.

By comparison, the average value for a millionaire homeowner's abode in San Francisco-Oakland-Berkeley, California is $2,816,196, the highest amount out of all 30 U.S. metros in the report.

Big, expensive homes don't come without big costs to maintain them, the report reminds. And when it comes to managing finances for wealthy earners, making more money doesn't necessarily mean they'll be saving that income.

"Rather, it just means bigger homes with bigger mortgages and maintenance expenses; more cars; much costlier schools; and more over-the-top lifestyles, which simply bite bigger chunks out of the family's big budget," the report said. "However, despite the 'risks,' most of us would probably choose to have rich people problems. Or, as the saying goes, crying in a Ferrari might just feel better than crying in a Toyota when all is said and done."

Millionaire lifestyles across Texas
Dallas-Fort Worth-Arlington has the second highest share of millionaire homeowners in Texas, with Houston-The Woodlands-Sugar Land taking the No. 1 spot. Austin-Round Rock-Georgetown rounded out the top three in the statewide analysis, with San Antonio-New Braunfels taking No. 4.

The Houston metro area also scored above DFW in the national comparison to claim the No. 9 highest concentration of millionaire households in the nation, totaling 2,863 households. These millionaires – mainly physicians for all age demographics – make up 0.11 percent of the all homeowners in the metro area. Gen Xers (32.9 percent) overtook baby boomers (28.9 percent) for the greatest population share of millionaires in the Houston area.

Austin-Round Rock-Georgetown, however, fell to No. 24 in the national ranking with only 749 millionaire households calling the Texas Capital home. Austin's millionaires are mainly chief executives and legislators, or other types of high-level mangers. Gen Xers (34.9 percent) make up the highest share of the metro's millionaires, with millennials (30.8 percent) not too far behind.

San Antonio-New Braunfels ranked at the bottom of the study at No. 29, above Pittsburgh, Pennsylvania. There were only 414 millionaire households in the metro area between 2017-2022, and a majority of them (38.4 percent) were Gen X physicians.

The top 10 metros with the highest share of millionaires in the U.S. are:

No. 1 – New York-Newark-New Jersey City, New York-New Jersey-Pennsylvania
No. 2 – Los Angeles-Long Beach-Anaheim, California
No. 3 – San Francisco-Oakland-Berkeley, California
No. 4 – Boston-Cambridge-Newton, Massachusetts-New Hampshire
No. 5 – Washington-Arlington-Alexandria, D.C.-Virginia-Marland-West Virginia
No. 6 – Chicago-Naperville-Elgin, Illinois-Indiana-Wisconsin
No. 7 – Miami-Fort Lauderdale-Pompano Beach, Florida
No. 8 – Seattle-Tacoma-Bellevue, Washington
No. 9 – Houston-The Woodlands-Sugar Land, Texas
No. 10 – Dallas-Fort Worth-Arlington, Texas

The full report and its methodology can be found on point2homes.com.

dallas fort worth arlington population analysis reports

children don't come cheap

This is how much the cost to raise a child in Dallas climbed in a year

Photo by Jimmy Dean on Unsplash

It costs nearly $22,000 to raise a child in the Houston area in 2025.

A new national study has revealed it now costs $411 more to raise a child in the Dallas area than it did last year.

SmartAsset's report "Cost of Raising a Child in Major U.S. Metros – 2025 Study" compared data from MIT's Living Wage Calculator to determine the annual costs for raising a child in 2024 and 2025 across the 48 biggest metropolitan areas in the U.S. Factors that contributed to each metro's total included the cost for childcare, additional housing costs, food, transportation, medical costs, and "other necessities."

In 2025, it will cost $22,337 annually to raise a child in the Dallas-Fort Worth-Arlingtonregion, the report found. That amount has risen 1.87 percent since 2024, when childrearing in the Dallas area cost $21,926 a year.

Dallas has the second-highest costs for raising a child out of the four biggest Texas metros, right behind Austin.

"The cost of raising a child can change quickly, making it important for budding families to keep an eye on trends in their locale," the report said. "Between 2024 and 2025 alone, the average projected annual cost of raising a small child changed by a range of -15 percent to +22 percent, depending on the metro area."

Even though the cost of raising a child in Dallas has increased slightly in the last year, it's still on the low end nationally. The Dallas metro only ranked 38th (out of 48) in SmartAsset's ranking of metros where the cost of raising a child is the highest.

Boston-Cambridge-Newton, Massachusetts led the nation with the highest annual cost for raising a child, totaling more than $39,000, up from $37,758 in 2024.

Costs for raising a child in other Texas metros
Austin-Round Rock-San Marcos is – unsurprisingly – the most expensive Texas metro for raising a child, with costs surging nearly eight percent from 2024. It now costs $24,188 to raise a child in the Austin area, compared to $22,406 the year before.

There's better news for families in San Antonio. The San Antonio-New Braunfels area clocks in as the fifth most affordable U.S. metro in the study. In 2024, it cost $21,014 to raise a child in the Alamo City, but in 2025, it costs 0.33 percent less, at $20,945.

This is how much it costs to raise a child in San Antonio, according to SmartAsset:

Cost of childcare: $9,123
Housing costs: $3,232
Food costs: $1,644
Medical costs: $2,590
Transportation costs: $3,090
Civic costs: $474
Other costs: $791

Raising a child in Houston-Pasadena-The Woodlands now costs $21,868 per year, which is only $472 more than it did in 2024.

childcare costs reports smartasset families dallas fort worth arlington

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