Austin in Top Ten Cities with Largest Increase in Millennial Residents
According to a study from the Brookings Institution, of metro areas where millennials make up the largest percentage of the population, Austin is the second highest ranked city at a population of 27.2 percent young adults. Furthermore, from 2010-2015 Austin saw an 11.8 percent increase in millennials.
The study’s results were determined by using data from the U.S. Census Bureau. Provo-Orem, Utah, was the only city to rank higher than Austin, at 30.4 percent.
Home to the University of Texas at Austin, it comes with little surprise that Austin is ranked on the top ten list. It is also the only Texas city that earned a place in the top rankings.
“The Millennial generation — those born between 1981 and 1997 — includes more than 75 million Americans, making up nearly a quarter of the U.S. population, according to the Brookings Institution. Millennials are 44 percent minority, the most diverse adult generation in American history.”
According to a Trulia study, millennials under the age of 35 comprised of 50 percent of all moves in 2017. Therefore, young men and women are the majority of individuals moving to new cities.
[Via Houston Business Journal]Posted on Thursday, May 10, 2018