Ten Most Popular Millennial Moving Destinations
The below cities may be the most popular, but the destinations tend to be short-lived.
In addition to the 41 percent finding stated above, the survey found:
- "53 percent of millennials say they’re likely to make a temporary, or “vacation,” move in the next five years.
- "74 percent of millennial movers relocated to a new city with a timeline in mind, meaning they had a plan to leave their vacation city in a certain timeframe."
San Francisco may be at the top of the list, but millennials are not staying long, reports Eric Tang for the San Francisco Chronicle.
The Mayflower survey includes insights from academia and millennials that help to explain the moving patterns of this generation compared to others of the same age group.
The study also found millennials continue to be drawn to urban centers, with 69 percent currently residing in a city or an inner suburb near the city. The age group with the highest percentage of respondents living in an urban environment is 30 to 35-year-olds, with 81 percent currently living in a big city or an inner suburb near the city.
When the results are contrasted with a March LendingTree survey that ranked the most popular cities for millennial homebuyers, the clear winner, as in most popular city for millennials, is Washington, D.C. Another millennial survey last November by Apartment List showed the popularity of some smaller cities such as Charlotte, N.C. and Virginia Beach.