Naples 3rd Nationally For Millionaires

If you want to live in a tropical location and be around other wealthy residents, Naples is the place to live.  With beautiful sandy beaches and topnotch retailers, Naples is home to scores of millionaires, who head south to the warmer weather of the Gulf Coast.  Naples ranks 3rd in the United States for millionaires, according to research by Phoenix Marketing International, after first place Los Alamos, N.M. and second place Stamford, Conn.  Following Naples, Washington, DC and San Jose, Calif., round out the Top 5.

Naples is the top city in Florida of households with millionaires, and the only Florida city in the Top 10.  It is the result of wealthy citizens relocating to Naples and bringing their riches with them.  With a metro population of 320,087 in Naples, there are 12,078 millionaire households, or 8.9% of the population.  The median income for all households in Naples is $56,876; the median home value is $317,200.  The median value of homes in prime coastal real estate such as Pelican Bay and Olde Naples is about $800,000.

Lured by the gorgeous location and sunny weather, wealthy citizens and leisure travelers flock to Naples to be near upscale shopping with top retailers like Cartier, Gucci and Louis Vuitton at the open-air Waterside Shops; golfers enjoy more than 90 golf courses nearby; and eco-tourism is a big draw for residents and tourists to see local wildlife a short drive away at Everglades National Park and Ten Thousand Islands.

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