Millennials are making significant moves across the United States, seeking new opportunities and lifestyles. Let’s explore both their destinations and the cities they are leaving behind:
Where Millennials Are Moving To:
- Tampa-St. Petersburg-Clearwater, Florida: With its warm weather and relatively lower cost of living, Tampa tops the list as an attractive destination for millennials. In 2023, this metropolitan area saw 95 percent more millennials move in than leave1.
- Las Vegas-Henderson-Paradise, Nevada: Known for its entertainment and vibrant lifestyle, Las Vegas attracted 56 percent more millennials last year1.
- Jacksonville, Florida: Another Florida city, Jacksonville, experienced a 54 percent increase in millennials arriving1.
- Nashville-Davidson-Franklin, Tennessee: The Music City drew millennials with its cultural scene and job opportunities, resulting in a 53 percent increase in their population1.
- Austin-Round Rock, Texas: Austin’s tech scene, live music, and outdoor activities made it appealing, leading to a 47 percent rise in millennial residents1.
- Bridgeport-Stamford-Norwalk, Connecticut: This metropolitan area saw a 40 percent increase in millennials moving in1.
- Phoenix-Mesa-Scottsdale, Arizona: The desert oasis attracted millennials with its sunny climate and growing job market, resulting in a 39 percent rise in their population1.
- Oklahoma City, Oklahoma: Oklahoma City experienced a 38 percent increase in millennials moving in1.
- Richmond, Virginia: Richmond’s mix of history, culture, and affordability led to a 38 percent rise in millennial residents1.
- Raleigh, North Carolina: Known for its research institutions and quality of life, Raleigh saw a 37 percent increase in millennials1.
Where Millennials Are Moving From:
- New York-Newark-Jersey City, New York, New Jersey, Pennsylvania: The New York metropolitan area lost over 50 percent more millennials than it gained in 20231.
- San Jose-Sunnyvale-Santa Clara, California: The tech hub of San Jose experienced a similar trend, losing over 50 percent more millennials1.
- Los Angeles-Long Beach-Anaheim, California: The City of Angels saw a 40 percent decrease in its millennial population1.
- Detroit-Warren-Dearborn, Michigan: Detroit faced a decline, losing millennials significantly1.
- San Francisco-Oakland-Hayward, California: The Bay Area also experienced a loss of over 50 percent more millennials1.
- El Paso, Texas and Milwaukee-Waukesha-West Allis, Wisconsin: These cities reported a decrease in millennial residents1.
- Miami-Fort Lauderdale-West Palm Beach, Florida: Despite being in Florida, Miami saw a 27 percent decrease in millennials moving in1.
- Chicago-Naperville-Elgin, Illinois, Indiana, Wisconsin: The Windy City faced a decline in its millennial population1.
- Hartford-West Hartford-East Hartford, Connecticut: Hartford also experienced a decrease in millennials1.
Overall, millennials are drawn to warmer climates, job opportunities, and affordable living, while some major cities are losing their younger populations to other metropolitan areas1.
https://www.yrbrokers.com/category/blog/
Source(s)
- Millennials are leaving New York and California for these cities. Here’s how Arizona ranks
- Millennials Are Moving to These 10 US Cities – MSN
- Millennials moved to red states like Texas and Montana, fleeing blue New York, California in 2023: Study
- Millennials have been moving out of big cities – CNBC
- Millennials are flocking to these 10 cities – CNBC