Press Release: HNWI population in the top ten U.S. metropolitan statistical areas decreased marginally by 1.2% in 2011 but remained above pre-crisis levels. New York, Los Angeles, and Chicago continue to rank highest on the list for number of HNWIs, while Philadelphia and Detroit moved down due to sluggish economic recovery.
Key Findings from the 2011 U.S. Metro Wealth Index
Capgemini's 2012 U.S. Metro Wealth Index monitors the population of high net worth individuals (HNWIs) within the top ten United States metropolitan statistical areas (MSAs). This year, key findings include:
- While HNWI population declined by 1.2%, the U.S. remains the largest HNWI country globally with the top five U.S. MSAs remaining unchanged from 2010 to 2011
- New York, Los Angeles, Chicago, Washington D.C. and San Francisco led the top ten MSAs
- Boston and San Jose both moved up in the ranking in 2011. Boston supplanted Philadelphia at the sixth position and San Jose passed Detroit for the ninth position.
- San Jose and Houston showed the largest HNWI population growth with an increase of 2.1% and 1.9% respectively.
- Philadelphia and Detroit moved one place down on the list to seventh and 10th positions respectively, generally due to poor equity markets and worsening global economic conditions.
Leveraging Capgemini's custom market sizing modeling capability, the U.S. Metro Wealth Index helps wealth management firms understand the scale and potential of different U.S. markets to spot new growth opportunities or adjust an existing footprint.
For the complete story on global wealth trends:
- Read the World Wealth Report 2012 for key trends that affect high net worth individuals (HNWIs) around the globe.
- Explore the Asia-Pacific Wealth Report 2012 to uncover trends in the Asia Pacific region which is now home to the largest population of HNWIs
- Get customized International Market Sizing and US-City Market Sizing using our proven models.