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Jewish News 24 · Oct 30, 2026

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🏙️ MILLIONAIRE RENTERS IN NYC NEARLY TRIPLE AS WEALTHY NEW YORKERS CHOOSE RENTING OVER BUYING: The number of New York City-area households earning at least $1 million annually that rent their homes surged 167%, from 2,730 in 2020 to 7,296 in 2024, according to a new RentCafe report. New York leads the nation in millionaire renters, although 33,134 millionaire households still own their homes. Experts say wealthy renters increasingly prefer flexibility, avoiding high ownership costs and keeping their money invested elsewhere. Nationwide, millionaire renter households increased 229%, outpacing the 193% rise in millionaire homeowners.

🏙️ MILLIONAIRE RENTERS IN NYC NEARLY TRIPLE AS WEALTHY NEW YORKERS CHOOSE RENTING OVER BUYING: The number of New York City-area households earning at least $1 million annually that rent their homes surged 167%, from 2,730 in 2020 to 7,296 in 2024, according to a new RentCafe report. New York leads the nation in millionaire renters, although 33,134 millionaire households still own their homes. Experts say wealthy renters increasingly prefer flexibility, avoiding high ownership costs and keeping their money invested elsewhere. Nationwide, millionaire renter households increased 229%, outpacing the 193% rise in millionaire homeowners.

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