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Flocking to Cities

Portland, OR
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By: Kathleen Joyce – foxbusiness.com

Millennials, those born between the years of 1981 and 1996, will soon represent the largest generation in America’s workforce.

A new study by Haven Life studied where millennials were moving and which cities saw the generation’s population change from 2012 to 2017. The study found millennials were drawn to metropolitan areas that were expensive with high home prices and cost of living but also high wages.

Haven Life analyzed data from the Census Bureau data to determine its findings. The life insurance agency also analyzed data from Zillow to determine its median home prices and information from the Bureau of Economic Analysis’s Regional Price Parity dataset for the cost of living figures.

++In the article next are 10 photos of city skylines with population growth: foxbusiness.com

The millennial population change was 14.8 percent with a median income of $35,392. The median home price was $181,275.

Some of the cities that were at the bottom of the list were Rochester, N.Y., which saw a 5.3 percent decrease in the millennial population. Virginia Beach-Norfolk-Newport News, Va.-N.C. also saw a 6.6 percent population change. Tucson, Ariz., came in last with a 13.3 percent decrease in the millennial population change.

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Source: Millennials are flocking to these US cities, study shows | Fox Business