In to-days Wall Street Journal, a tally is made of the number of millionaires (those with at least $ 1million in investable assets) in the major cities of the US: New York ranks #1, and has almost as many millionaires as Los Angeles, Chicago, Washington and San Francisco…combined!  The number grew almost 19% in 2009. BUT, $ 1million in New York is worth double in most other cities, so not sure if  bragging rights are in order. Manhattan real estate costs about double than most other cities. Luxury real estate costs even more. Food, transportation, entertainment, etc all cost substantially more. Yet New Yorkers pay as much in Federal taxes as all these other cities. Fair?

New York – 667,200, +18.7%

Los Angeles – 235,800, +13.3%

Chicago – 198,100, +15.1%

Washington, D.C. – 152,400 +19.3%

San Francisco – 138,300 +14.5%