Scottsdale, Arizona is quickly becoming one of the fastest-growing cities in terms of wealth in the country, with a 102% increase in millionaire residents over the past decade. The city’s appeal can be attributed to its booming business scene and stunning desert landscapes.
With a population of 243,000 residents, about 14,600 are millionaires and five are billionaires, according to AZ Central. This significant increase in millionaire residents highlights the city’s growing popularity among the wealthy.
I recently spent 48 hours exploring Scottsdale’s top neighborhoods to uncover what attracts so many millionaires to the area. From the thriving business community to the breathtaking desert views, Scottsdale offers a unique lifestyle that appeals to wealthy individuals seeking a change.
One of the main factors driving this growth is the city’s thriving business scene. Scottsdale has become a hub for entrepreneurs and businesses looking for a new home base. With its strategic location and world-class infrastructure, it provides an ideal environment for companies to succeed. Additionally, Scottsdale’s tax incentives make it an attractive destination for businesses looking to establish roots in a new city.
Another factor that has contributed to Scottsdale’s popularity among millionaires is its stunning desert landscapes. The city’s natural beauty makes it an ideal destination for those looking for relaxation and outdoor activities such as hiking and golfing. With its numerous golf courses and resorts, Scottsdale has become known as “The Valley of the Sun” and offers endless opportunities for outdoor enthusiasts.
Overall, Scottsdale’s combination of business opportunities and natural beauty makes it an attractive destination for those looking to establish roots in a new city. Its growing wealth makes it one of the fastest-growing cities in terms of wealth in the country, attracting wealthy individuals from major cities across the US who want to start fresh and enjoy their new home in this unique city.