This Florida city is No. 2 in country at adding millionaires. Locals pushed out.

[Zorro]

From 2014 to 2024, the area’s millionaire population nearly doubled, ballooning by 94% to nearly 39,000 people

Millionaires are flocking to Miami faster than any other major metropolitan area in the country, save the Bay Area, a new report reveals.

From 2014 to 2024, the Miami area’s millionaire population nearly doubled, ballooning by 94% to nearly 39,000 people, according to wealth consultant Henley & Partners and financial intelligence firm New World Wealth.

The findings underscore the massive influx of wealth to Florida during and immediately after the COVID-19 pandemic, with high earners from other parts of the country drawn to Florida’s favorable tax policies, warm weather, relatively cheap real estate and lax pandemic restrictions.

But over the same time period, housing prices have spiked. The cost of a condo has more than doubled over the last decade. Many lower- and middle-income earners who live and work here have been priced out, and scores have already begun leaving, posing a risk to the health of Miami-Dade’s workforce.

https://www.tampabay.com/news/florida/2025/05/17/miami-millionaires-population-increase-florida/

[SWBTATTReg]

1. A shame. I loved it when I went to Miami all of the time in the early 80s, the coffee shops, the ethic neighbor-

hoods, and even going so far to go fishing along the eastern shorelines of Miami and points south. I'd find a nice quiet spot, be the only one there, and just fish w/ my fly rod for hours on end. Don't think you can do this anymore, probably too developed now.