The 2011 index, which tracks the nationwide population of high net worth individuals, showed little change from last year. The top seven cities remained the same, with New York, Los Angeles and Chicago taking the first three spots. California was the state most well-represented, with San Francisco (5) and San Jose (10) joining L.A. on the list.
Houston and Detroit switched positions from last year, with Houston now at number eight and Detroit at nine. William Sullivan, Capgemini's Head of Global Market Intelligence, said Houston's low unemployment rate and strong economy, rooted in the energy industry, accounted for its 9.6 percent high net worth individual growth rate.
Capgemini's index is only the most recent list illustrating why many people are moving to Texas. Last month's Modis list of best cities for IT jobs ranked Houston number one. Three Texas cities, Austin, Houston and Dallas, made the recent On Numbers Best Places for Young People rankings. And Texas was ranked the second-best state to do business in by CNBC.
More News