5 Cities Millennials Are Flocking To

By Susanne Dwyer

Downtown Salt Lake City skyline Utah in USA

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

There are several places in the U.S. where millennials can be found due to the high employment rates and beautiful settings. For adults who are in their 20s and 30s, there are several places where it’s smart to invest. When you’re looking to move, these are a few cities that millennials are flocking to throughout the country.

Salt Lake City, Utah

Downtown Salt Lake City skyline Utah in USA

The high job growth in Salt Lake City makes it a desirable place for young adults to live as they look to obtain steady employment. The city is affordable to live in and has a median home price of $233,000 with job growth of 2.4 percent. Salt Lake City also has a lower unemployment rate compared to other markets throughout the U.S. with 2.9 percent, which is below the national average by a few points.

Seattle, Wash.

Seattle is considered to be a hot spot for millennials, which make up 24.1 percent of the population. Its busy nightlife scene and generous median incomes of $67,000 make it an ideal place to live for younger generations. It also boasts a job growth rate of 10.8 percent. The beautiful views of the water and the long list of activities and attractions in the area are additional reasons that many millennials relocate to the city.

Austin, Texas

Austin, Texas, USA downtown skyline over the Colorado River.

Austin, Texas, USA downtown skyline over the Colorado River.

Millennials are drawn to Austin for its real estate market, which includes homes that have a median price of $226,000. The job growth is also 4.2 percent, and it’s the second-top city in the country for the number of jobs that are becoming available. Some of the top companies that are run out of Austin include Dell, Apple and Google, making it known as “Silicon Hills.” The average median income is also $58,932, which allows many young adults to afford to purchase their first home.

There’s also a strong emphasis on environmental sustainability, making the city desirable for millennials who make green practices a priority. Austin is also known for selling more renewable energy than other nations.

Charlotte, N.C.

Downtown Charlotte skyline with Marshall Park (and autumn colored trees) in the foreground.

Downtown Charlotte skyline with Marshall Park (and autumn colored trees) in the foreground.

Charlotte is one of the best places to live in North Carolina with 14 percent of the population between the ages of 25 and 34. Many of the youth are post-college graduates who have relocated to the city to seek employment and …read more

From:: Finance and Economy

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