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

income analysis

This is how much a single-income family needs to make in Texas in 2026

Photo by Jimmy Dean on Unsplash

The income needed for a single-income household to raise a child in Texas is lower than it was last year.

With childrearing costs in the Lone Star State adding up to tens of thousands of dollars per year, many Texas families are navigating a difficult decision: should both parents work or should one parent stay home to raise the child?

For Texas families that choose the latter, the working parent needs to make nearly $73,000 per year to support their child and the stay-at-home parent, a new income analysis has revealed.

The newly released SmartAsset report used MIT's Living Wage Calculator to estimate the annual living wages needed across all 50 states for a three-person household with two working adults and one child, and a family with one working adult, a stay-at-home parent, and one child. Costs included food, housing, childcare, healthcare, transportation, incremental income taxes, and "other necessities."

A Texas household with one working parent needs to make $72,925 to support their stay-at-home counterpart and their child, the study found. That's $1,809 less than what was needed in 2025.

Meanwhile, the combined income needed for a household with one child and both parents working full-time is $85,030.

Texas ranked No. 42 in SmartAsset's ranking of states with the highest minimum income needed to support a family with one working parent, one stay-at-home parent, and one child. That also situates Texas as the 9th most affordable state for single-income families. But there are risks associated with only having one breadwinner in the family.

"A single income family with small children potentially saves in child care costs over a household with two working parents," the report's author wrote. "The main disadvantages are the lost salary and retirement contributions, Social Security earnings history and employer health benefits."

There aren't any specific tax benefits to having a parent stay at home to raise their child full time, but SmartAsset says single-income families can claim a tax credit under the One Big Beautiful Bill Act.

"[S]ingle-income families may claim the Child Tax Credit — up to $2,200 per qualifying child for 2026 ($1,700 refundable) — on the same terms as any other family," the report said.

SmartAsset's latest report only looks at costs on a statewide basis, but the cost to raise a child will also vary greatly depending on the city you live in. Raising a child in Dallas-Fort Worth might pose a challenge for some families, where the cost for childcare alone adds up to $10,736 and overall costs can surpass $23,000.

For households with two children, there might be additional strains on what a family might consider a "comfortable living." A March 2026 SmartAsset study determined a Dallas family with two working parents need to make a combined income of $214,490 to have a financially stable life while raising two children.

The top 10 states with the lowest minimum income needed for single-income families are:

Arkansas ($68,869)
Mississippi ($70,054)
Kentucky ($70,179)
West Virginia ($70,283)
North Dakota ($71,219)
Oklahoma ($71,365)
Louisiana ($71,406)
Missouri ($72,862)
Texas ($72,925)
Tennessee ($72,946)

smartasset reports texas family income