Austin, TX

Austin is becoming a hub for high-wealth individuals. Here’s where it ranks in US, world

Published

2 years ago

April 10, 2024

Austin is becoming a hub for high-wealth individuals. Here’s where it ranks in US, world

Austin has topped the list of the fastest-growing metro areas in the country for years. In a parallel trend, it’s now in the top echelon nationally for the growth of its millionaire population.

According to the latest data from New World Wealth and Henley & Partners, Austin ranks 10th among U.S. cities for most millionaire residents, with 32,700. Whether it be homegrown wealth like Michael Dell’s or Texas transplants like Elon Musk, Austin is becoming a popular address for high-net-worth individuals.

The list is based on net worth and includes data up to 2023.

Millionaire population in Austin skyrockets

Austin rebranded itself as a southern tech hub over the last decade and with that new reputation came unprecedented wealth flowing into the city.

From 2013 to 2023, Austin’s millionaire population grew 110%, which is 30 percentage points more than in the original Silicon Valley in California during the same 10-year-span.

Speaking of the Bay Area, it is the second fastest-growing on the list and has the second-largest number of millionaires in the country at 305,700 — only topped by New York’s 349,500.

Austin is home to 92 individuals with wealth totaling more than $100 million, or centi-millionaires, and 10 individuals worth more than $1 billion.

Houston and Dallas are the only other Texas cities included on the list, slotting in at fifth and sixth, respectively. Houston is currently home to 90,900 millionaires, 258 centi-millionaires and 18 billionaires. Dallas has 68,600 millionaires, 125 centi-millionaires and 15 billionaires.

Austin climbing the ranks on the world stage

At 34th, Austin still ranks outside of the top 30 cities in the world for millionaire population, but a decade ago it would not have even merited a mention.

Elsewhere in Texas, Houston boasts the 15th-largest millionaire population in the world and Dallas claims the last spot on the top 20, just ahead of Dubai.

Where do the most millionaires in the world and U.S. live?

Here is the complete top-10 list for millionaire population in both the U.S. and the world.

U.S. rankings:

New York City, 340,000
San Francisco Bay Area, 285,000
Los Angeles, 212,100
Chicago, 120,500
Houston, 90,900
Dallas, 68,600
Seattle, 54,200
Boston, 42,900
Miami, 35,300
Austin, 32,700

World rankings:

New York City, 349,500
Tokyo, 290,300
San Francisco Bay Area, 285,000
London, 258,000
Singapore, 240,100
Los Angeles, 212,100
Hong Kong, 129,000
Beijing, 128,200
Shanghai, 127,200
Sydney, 126,900

Beck Andrew Salgado covers trending topics in the Austin business ecosystem for the American-Statesman. To share additional tips or insights with Salgado, email Bsalgado@gannett.com.

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Austin, TX

Will the rest of Austin allergies seasons be as bad as cedar this year?

Published

5 seconds ago

March 4, 2026

Press Room

Will the rest of Austin allergies seasons be as bad as cedar this year?

Austin had a particularly itchy and drippy cedar fever season to start the year. Many winter days, from late December into February, had high or very high ashe juniper (aka cedar) pollen counts.

Central Texas has a year-round allergy season with mold popping up at any time. For the more traditional spring and fall allergy seasons, forecasters at AccuWeather are predicting some of the allergens across the country will be worse this year than average.

Texas, though, is a different story.

For grass allergies, which happen now through September, AccuWeather estimates Austin will have an average season. However, just west of the Interstate 35 corridor in the Hill Country to almost El Paso, that season is expected to be worse than normal.

“Texas may experience above-average grass pollen for a few weeks,” AccuWeather’s allergy report said, “though the season could be shorter-lived compared to northern areas.”

It all depends on the weather

How much rain we get in the next six months and the perennial Texas heat will all affect the growing season for grasses and weeds, as well as the amount of pollen trees produce. The Farmers’ Almanac and the Old Farmers Almanac are both predicting a wetter and warmer spring.

Rain helps plants grow, which can increase pollen production over time. However, rainfall during allergy season can also bring temporary relief by washing pollen out of the air. That’s what we’re expecting this weekend, with our first meaningful rain chance in nearly three weeks. Tree and weed pollen levels might briefly drop, but mold could spike because it thrives in damp, humid weather.

If spring continues with excessive heat like we saw in February, it could limit the growth of some plants and trees. Extreme heat can reduce how much they grow, and how much pollen they produce. On the other hand, if we get a healthy balance of rain and only slightly above-normal temperatures — not extreme heat — pollen counts could climb. That’s especially true as we head into April, typically our windiest month of the year, which helps spread pollen more easily.

How can you treat allergies in Austin?

If you are feeling the effects of allergies, here are some things you can do to lessen them:

Start taking allergy medication at least two weeks before your allergen’s season is supposed to start. Keep taking your allergy medication throughout your allergen’s season, even on low-pollen days.
Vary your allergy medication. You can take a nasal spray, an eye drop and an oral antihistamine at the same time to treat the different symptoms. If one kind of allergy medication isn’t working, consult your doctor about whether you should add a second one or switch out the medication.
Take a shower before going to bed.
Take off outside clothes or shoes when you get into the house.
Do a daily nasal wash such as a neti pot or saline spray.
Consider seeing an allergist to get drops or shots to lessen your reaction to the allergen.

Consider these household tips to improve your chances of keeping allergens away:

Change the filters in your house regularly during cedar fever season.
Vacuum and sweep regularly.
Change your sheets, especially your pillow regularly.
Keep doors and windows closed.
Clean out the vents in your home.
Have your home tested for indoor allergens such as mold.
Wash and brush the animals in your house to lessen the amount of allergens in the air.
Wear a mask outside or inside while you are trying to lessen the pollen or mold indoors.

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Austin, TX

Texas Primary: Breakdown of Texas races

Published

12 hours ago

March 4, 2026

Press Room

Democrats tried to stop a mid-decade redistricting effort, but were unsuccessful. Now, we are starting to see some of the candidates emerging in those newly drawn districts. FOX 7 Austin’s Rudy Koski gives a full breakdown.

Posted March 3, 2026 10:32pm CST

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Austin, TX

Remembering Jorge Pederson: Minnesota MMA fighter killed in Austin, Texas, shooting

Published

1 day ago

March 3, 2026

Press Room

Remembering Jorge Pederson: Minnesota MMA fighter killed in Austin, Texas, shooting

ROCHESTER, Minn. (KTTC) – A shooting on West Sixth Street in Austin, Texas, early Sunday morning, killed three people and injured more than a dozen others, according to the Austin Police Department. APD confirmed one of the victims was 30-year-old Jorge Pederson, a Minnesota man who worked as an MMA fighter for the Med City Fighting Championships.

“You meet tons of fighters and there are people that stand above the rest that you find you enjoy or find the most amusing,” MCFC Co-Owner Matthew Vogt said. “He was definitely one of them.”

According to Vogt, Pederson was also the owner of a Minnesota business called Metro Movers. Vogt said the MMA competitor touched everyone’s hearts since his first day of fighting professionally in Rochester.

“As soon as we met him when it was the weighing time, we just loved the guy already because he had a great mission or spirit about him,” Vogt said. “He was a funny guy and great fighter.”

Vogt told KTTC when he first saw the news that Pederson was killed, he could not believe what he saw.

“I was looking, like, ‘Wait a minute. Is this one of his shenanigans or did something actually happen there?’” Vogt said, recalling the moment he saw a social media post regarding the shooting in Austin. “I confirmed with a few people and I’m just like, sometimes, some things happen that you don’t even like, you don’t even know how to respond to it because it’s just so out of left field that you don’t immediately have a response to it.”

MCFC confirmed there is an online fundraiser dedicated to supporting Pederson’s family. As of Tuesday afternoon, more than $10,000 has been raised.

“He was someone that always could make anybody laugh,” Vogt said. “Support his family through the fundraiser and take a look at his Instagram especially to see how funny he was.”

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