According to the National Association of Realtors, there are a wide range of factors contributing to why millennials will choose to live somewhere. Two of the main reasons being affordability and the area’s job market. A recent study that analyzed the top metro areas with high populations of millennial residents found that employment opportunities and earning potential greatly attributed to an area’s attractiveness. Millennials want to feel secure in their career before making the decision to stay and create a life somewhere.
In the infographic above, notice that Seattle is one of the top 5 most popular areas for millennials likely because unemployment levels are low, income levels are high, and housing conditions are strong. Read the full article for more statistics on popular metro areas and why the younger generations are choosing to live there:
Affordability in the Top 10 Most Popular Markets for Millennials, According to NAR