Where Millennials are Moving in 2020
Millennials have brought about ethnic and racial diversity to societies. They are seen as a passionate generation wanting to make a difference in the world. In this article, we will discuss where millennials are moving in 2020. Today, young adults are found to be much more educated than previous generations. Researchers say that people born between 1981 to 1996 are now the most significant labor force in the United States, with numbers hovering around 73 million. They are less likely to stay in the same communities for long and are more likely to job hop than previous generations. They are also devoted to spending more time and money on exercising and wellness.
Millennials also tend to move to places with a higher proportion of millennials despite the higher cost of living. They prefer being in places they find opportunities for building relationships with like-minded people despite the cost and wages they get. In terms of families, they are more aligned with historic norms like safe neighborhoods, easy access to friends or family, and opportunities.
3 Majors Factors that Allows Maximum Millennial Population:
Accessibility
Public transport plays an essential role while making a choice. Reposts show that 66% of Millennials listed high-quality traffic as a significant factor. They want low-cost transit with multiple options to get around the city.
Cultural Attractions
Millennials are likely to settle in cities that cater to their social needs, such as food, sports, music, etc. They eat in restaurants far more than non-Millennials.
Affordability
Most of the Millennials are in the phase of life where they are about to begin their careers or are looking to settle down. They don’t see their accommodations as an investment or renting, but as a lifestyle choice.
Some of the top cities where Millennials are moving in 2020 are as follows:
Seattle
Seattle is a massive city in Washington. When it comes to moving, this city has been ranked as number two. Approximately 27k Millennials shifted here from various states. It is a technological and cultural hub, which is attracting the young population to live here.
Denver
Denver is one of the fastest-growing cities in Colorado. It is the best place for skiing and mountain climbing. The tax rate for housing is comparatively low to sales tax. The public transit system is also increasing.
Austin
Austin, a city of Texas, has been ranked as the number one metro area to live in by the US News and World Report. There is steady job growth, but the employment rate is a bit low. The lifestyle of this city is desirable, and the technological industry is booming.
Charlotte
Charlotte is a city in North Carolina. There are many reasons one might choose to live here. People can find jobs easily. This city remains pleasant during the year, and homes are available at affordable prices. Good food and entertainment attract the millennial to live here and enjoy a carefree lifestyle.
San Diego
This city is situated in Southern California. Millennials are moving here in search of a high-quality life. The beaches are easily accessible. the weather remains pleasant.
Henderson
Henderson is a city in Nevada. It is located near Las Vegas. Millennials move here as they can enjoy the nightlife as well as the employment opportunities. The surrounding areas of this city are beautiful, and the people are lively.
Here we conclude that the people between the ages of 20 and 34 are moving to various cities. They are looking for various job opportunities as it leads to their growth. They also need a good quality of life with less expenses.
