Where are millennials moving to?


Millennials form the largest generation in the US, numbering more than 75 million nationwide. As this young, mobile group enters the workforce and forms new households, their decisions have a significant impact on the cities they choose to live in. Today, we look at Census data from 2005-2015, to understand where young Americans are moving to and choosing to settle down.

Surprisingly, metropolitan areas on the interior saw the biggest increases in millennial population. Among 50 large metropolitan areas, Charlotte, Houston, and Austin saw the most growth. 7 out of the top 10 large metros for millennial population growth were located away from the coasts. The biggest declines, however, happened in the Midwest and South – Detroit, Miami, and Phoenix, for example. These movements appear to be correlated with income growth in these cities.

View entire article at Apartmentlist.com

Contact Liberty to discuss your commercial funding needs



Leave a Reply