The 5 most popular destinations for Millennials to move and stay:
Share to linkedinFor generations, the bright lights and big opportunities of major urban centers have lured potential first-time home buyers looking for the right place to settle down. But lately, there has been a considerable shift in young home buyers flocking to areas with affordable living conditions, plentiful job openings and good wages, according to a new report by the National Association of Realtors.
The study analyzed employment gains, population trends, income levels and housing conditions in the largest 100 metropolitan statistical areas across the country to identify the most popular areas for Millennials. The top five metro areas for Millennials were ranked accordingly because of their high share of both current Millennial residents and recent movers, as well as their favorable employment opportunities. Millennials in the study are those born between 1980 and 1998.
“In comparison to other areas, Madison offers one of the highest wages for Millennials,” says Yun. “This income level combined with the robust employment opportunities and the affordability make Madison among one of the most appealing locations for Millennials who are looking to stay longer and raise families.” Seventy-three percent of the recent movers to Grand Rapids were Millennials, adding to an already large population where 27% are Millennials.
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