Where Millionaires and Billionaires Live in New York City (2024–2025)

Short Answer

The highest concentration of billionaires in New York City is located along
Central Park South / 57th Street (“Billionaires’ Row”).
The highest concentration of millionaire households is found in
Hudson Yards and Tribeca.

For context on how high local spending power goes in major U.S. metros,
see The Real Value of $100 in America’s Largest Metro Areas (2025).

How This Ranking Is Defined

Individual net worth by neighborhood is not publicly available. This analysis ranks
neighborhoods using commonly accepted indicators of wealth concentration:

• Density of $10M+, $20M+, and $50M+ residences
• Presence of ultra-luxury and billionaire-focused residential towers
• Median home prices (2024–2025)
• Household income data where available
• Primary versus secondary residence patterns

For an idea of how much net worth you need to be in the upper echelon of wealth in NYC,
also see How Much Net Worth You Need to Be Top 10% in NYC by Borough.

NYC Neighborhoods Ranked by Millionaire & Billionaire Concentration

Tier 1 — Highest Billionaire Concentration

Billionaires’ Row (Central Park South / 57th Street)
Typical residence values range from $15M to over $100M.
This area contains the highest concentration of billionaire-owned residences in the
United States. Many properties serve as secondary or tertiary homes for global billionaires.

Tier 2 — Dense Millionaire and Multi-Billionaire Neighborhoods

Hudson Yards
Median home price: ~$6.2M. Hudson Yards has one of the highest densities
of $10M+ residences in New York City and is dominated by new-build luxury condominiums.
Wealth here is primarily newly created through finance, private equity, and technology.

Tribeca
Median home price: ~$3.8M. Median household income ranges from
$200K–$225K. Tribeca is one of the city’s most residentially wealthy
neighborhoods, with many high-net-worth households using their properties as primary residences.

Tier 3 — Established Millionaire Neighborhoods

SoHo / NoHo
Median home prices range from $3.0M–$3.2M, while median household income
is significantly lower. This gap reflects legacy ownership, long-term appreciation,
and global capital rather than salary-based wealth.

Central Park South (outside Billionaires’ Row)
Median home price is approximately $2.8M. The area attracts affluent
professionals and international high-net-worth buyers but has lower billionaire density
than 57th Street itself.

Tier 4 — Millionaire-Rich but Low Billionaire Presence

Carnegie Hill (Upper East Side)
Median home price: ~$2.1M. Wealth is largely generational, with many
millionaire households but relatively few billionaires.

Battery Park City
Median home price: ~$2.1M. Median household income ranges from
$190K–$210K. Wealth here is primarily income-driven rather than
asset-driven.

Brooklyn Heights & Cobble Hill
Median home prices are approximately $2.3M. These are Brooklyn’s
wealthiest neighborhoods, with many millionaire households but rare billionaire residency.

For more context on how housing affordability changes in New York, including
whether renting or buying makes sense in 2025, see
Renting vs Buying in NYC (2025): How Housing Costs by Borough Change the Math.

Summary Table

Key Insight

In New York City, wealth concentration is driven primarily by asset ownership rather
than income. Neighborhoods with the highest home prices are not always those with the
highest salaries, and billionaire presence is tightly linked to ultra-luxury real estate
corridors.

For additional context on how income translates into cost of living in NYC,
see Is $120K a Good Salary in New York in 2025?.

Final Takeaway

Billionaires in New York City are overwhelmingly concentrated along Central Park South
and 57th Street, while millionaire households cluster in Hudson Yards, Tribeca, and
select Manhattan neighborhoods. Brooklyn contains wealthy areas, but does not rival
Manhattan in billionaire density.