Of the United States’ 618,000 millennial millionaires, most have settled on a zip code in a small town in Michigan four hours from Detriot, called Traverse City. Coldwell Banker Global Luxury together with WealthEngine conducted a study to analyze the lifestyles of America’s wealthies millennials: anyone age 23 to 37 with a net worth of $1 million or more. Of the top 10 zip codes researched in the study, 49685 was found to house the most millennial millionaires.
Delving into the area of Traverse City and its surrounding communities, it’s easy to see why so many wealthy young professionals have flocked there. The community offers an abundance of recreational and cultural activities and a location along Lake Michigan’s shoreline. There are several options for diverse dining and drinking brought about by the city’s professional chefs trained at Northwestern Michigan College. It’s also experiencing an uptick in start-up companies.