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As a result, many are renting — multifamily housing was the dwelling space of choice for 33% of new housing starts in 2013.
Consider that the oldest millennials were in their mid-20s when the Great Recession hit in 2007.
The cost of their education is an economic ball and chain — they carry, on average, student debt to the tune of $28,400.
In fact, the number of 18 to 34-year-olds living with their parents increased from 28 percent in 2007 to 31 percent in 2014. Young adults seem to love moving to cities, where colleges, jobs and entertainment (and the public transportation that can quickly and cheaply get them around) are readily accessible. The number of college-educated young people living within three miles of city centers has surged 37 percent since 2000, even as the total population of these neighborhoods has shrunk. For each city that made our list, we ranked them using eight key categories (Residents 18-34, Population, Median Home Value, Median Household Income, Cost of Living Index and Unemployment Rate, Industries and Attractions.) and ranked the cities from 1 to 20.
Surprisingly high cost of living (NYS taxes!); Millennial population growing but still less than others. Popular industries: It may be called the Steel City but local industry now focuses on health care, the high-tech sector and bureaucracy. Attractions: A mecca for sports fans, Pittsburgh is home to the Steelers (NFL), Penguins (NHL) and Pirates (MLB) as well as the competitive athletic programs at the University of Pittsburgh.
Popular industries: Financial industries, insurance and health care play major roles in the Des Moines economy. Attractions: Jester Park and Saylorville Lake, the Prairie Meadows Casino and Racetrack, the Greater Des Moines Botanical Garden, the 515 Brewing Company and nearby wineries each offer Des Moines residents unique visions of recreation.
Attractions: Austin is known for its fantastic, affordable food, rollicking music scene, mind-bending arts community and the gorgeous expanses of natural landscape that surround the city.
Popular industries: Finance, real estate and government play huge roles in the Salt Lake City economy.
Attractions: Home to the Church of Jesus Christ of Latter Day Saints, Salt Lake City is packed with historical spots important to Mormons around the globe. Attractions: Cambridge is a first-tier suburb of Boston, a metropolis packed with cultural, entertainment and lifestyle options that trump most American metros. Popular industries: As the state capital and home to the University of Wisconsin, major employers in Madison include the government, the school and the University of Wisconsin Hospital and Clinics.
Popular industries: Schools, and the institutions associated with those schools, dominate the Ann Arbor economy. Attractions: The University of Michigan offers everything from top-notch arts, theater and cultural programs to big-time college athletics. Attractions: Atlanta has big-time professional sports, amazing events like the National Black Arts Festival, the Atlanta Ice Cream Festival, the Inman Park Festival, Music Midtown and the A3C Hip Hop Festival. Attractions: The American Freedom Festival attracts tens of thousands of patrons, as do athletic and cultural events at BYU. Popular industries: Education, retailers and researchers are integral to the Tempe economy.
Attractions: The Tempe Marketplace offers various restaurants, water parks, and entertainment.
Popular industries: The Baton Rouge economy is buoyed by the presence of the state capitol and Louisiana State University. Attractions: The cultural scene is paced by LSU and an assortment of other fixtures like the Louisiana Art and Science Museum, Shaw Center for the Arts and Baton Rouge River Center. Popular industries: Montgomery County and the city of Clarksville employs thousands of locals, but so do manufacturers like the Trane Company, Bridgestone Metalpha USA and Akebono. Attractions: Clarksville Speedway will get your adrenaline pumping while Beachaven Vineyards and Winery can help you cool off. Popular industries: New York State and SUNY Buffalo are major employers, as are health care giants Kaleida Health and Catholic Health. Attractions: Buffalo has shed its Rust Belt reputation in recent years as new investment and development culminated in a rebuilt waterfront, a vibrant downtown district, trendy neighborhoods and a newfound sense of “Buffalove” that embraces all things local, from foods to festivals to family traditions. Popular industries: Health care careers are big in Charleston, home to the Medical University of South Carolina, Trident Health System and Roper St. Attractions: Charleston’s historic Battery and Rainbow Row are popular downtown destinations. When you need to rent a moving truck, think Safe Place Mini Storage, where you can use our moving truck today. Our move-in truck will save you time and money because it is free when you rent one of our affordable storage units!
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With free truck and driver move in and trailer hire, save time, hassle and cost with our mobile self storage options. We’ll help you take the stress out of moving and storing your goods, with free truck and driver move-in services offered at all 11 Rent A Space locations. Rent A Space offers a large fleet of box trailers, available for the mobile self storage needs of all current tenants. Rent a Penske truck for your furniture, appliances, bikes, and whatever else you can’t fit into the back seat of your car.
These young people saw their economic opportunities smack into a wall harder than any generation since the 1930s. Despite these alarming income statistics, 60 percent of 2015 grads said they’d rather work for a company that has a positive social atmosphere, even if it means lower pay. Based on the premise that 100 is average, the cost of living index shows greater affordability when the number is lower than 100, and the opposite is true when it’s over 100. Walkability, cyclability, public transportation, recreational activities and nightlife were our biggest considerations.
The University of Pittsburgh Medical Center, federal, state and local governments and Westinghouse Electric are big employers.
The Buccos, as the Pirates are called, play in PNC Park, considered by many to be the best stadium in baseball. The tough winters and industrial heritage belie a gruff but friendly city with thriving intellectual and cultural scenes. Top employers include Wells Fargo, Principal Financial Group, Nationwide, Mercer and UnityPoint Health.
Des Moines offers an affordable housing market, low unemployment and a competitive median household income, all good things when you’re young and starting out on your own. The University of Texas provides major college sports, arts and academics while the presence of the Texas state capitol (and its beautiful grounds smack in the middle of the city) means real-life drama unfolds every day. American Express, Prestige Financial, Discover Financial Services, Clyde Companies and Xactware Solutions are a few of the large Salt Lake City businesses that get high marks from their employees.
Harvard University, the Massachusetts Institute of Technology and the Novartis Institute of Biomedical Research are major employers, as is the Cambridge city government.
Cambridge itself is loaded with take-a-selfie destinations like Harvard University, the Charles River and Kendall Square. Cambridge is perhaps the platonic ideal of a college town: beautiful, historic, sedate and diverse. Energy is also a big deal in Madison — Spectrum Brands, Alliant Energy, MGE Energy and Sub-Zero and Wolf Appliance hang their hat in the capital. The University of Michigan, the University of Michigan Health Center, Ann Arbor Public Schools, Eastern Michigan University and Washtenaw Community College make up six of the region’s top 10 employers.
The Matthaei Botanical Gardens and Nichols Arboretum and the Michigan Theater are popular destinations.
Quaint, collegiate and charming, Ann Arbor is considered one of the great university cities in the U.S. Atlanta is booming as newcomers flock to the metro region for its growing economy and urban energy. Provo has a low crime rate and boasts affordable housing, a low unemployment rate and a huge population of young people. Top employers include Arizona State University, Maricopa County Community College, Safeway and Freescale Semiconductor.
Tempe Town Lake, the Mill Avenue District and Gammage Auditorium, a theatre designed by Frank Lloyd Wright, are popular destinations. With low crime rates, gorgeous (hot!) weather and close proximity to nearby Phoenix, there’s a lot to love about Tempe. Southeastern Conference football and Division I sports are major considerations, of course. High crime rates, heavy traffic and below-average incomes may make some young people raise an eyebrow at Baton Rouge.
This city is not cheap — but it is one of the Top 100 Communities for Young People, according to America’s Promise, due in large part to its excellent and diverse public school system. Austin Peay State University and the Clarksville-Montgomery County School System are also major providers of jobs in the region.
The Rochester Public School system, Olmsted County and the city of Rochester are also responsible for thousands of jobs. The cost of living is a little high in Rochester, but incomes are well above the national average, the unemployment rate is low and houses are affordable — all attractive features to anyone out of school or looking to settle down to start a family.
Buffalonians are also quick to boast about their architecture, arts scene and love of live music.
Houses are relatively inexpensive, the job market is improving and the city lacks the traffic, high rents and commuting issues that plague other big American metros.
Gorgeous oceanfront stretches on the Isle of Palms, Sullivan’s Island and Folly Beach are well-loved and rarely empty. Whether you’re moving house, renovating, or just making some extra room, Rent A Space offers plenty of mobile self storage solutions in Sydney available straight from your door. We’ll send the truck and driver straight to your door and take you to our nearest Sydney store. To book a trailer and confirm availabilities at your nearest store, give Rent A Space a call and ensure you have signed the lease agreement prior to using the trailer. A full 73 percent of people between the ages of 18 and 35 (the infamous Millennials) with a college education are living in cities. But while a cool happy hour on Friday afternoon is nice, it does not make home buying easier. Keep in mind, however, that a low cost of living index may go hand-in-hand with a weak job market, endemic poverty and the issues that such problems create. An affordable housing market coupled with rents nearly 25% less than the national average, a surplus of great schools like Carnegie Mellon, Duquesne and Pitt plus vibrant, neighborhoods make Pittsburgh an outstanding place to spend your days.
You’d want lots of jobs at cool companies and institutions, affordable housing, a great downtown, a world-class university, fantastic weather, cultural diversity and a terrific sense of history. It’s significantly less expensive than Denver (with nearly twice the annual household income), is a bit milder in terms of climate than Madison and has a tech scene that, like fellow Utah up-and-comer Provo, is taking lift-off. The presence of internationally-acclaimed universities like Harvard and MIT, a burgeoning tech scene and the proximity to Boston keep a never-ending spigot of young people flowing into the city. Several examples of Frank Lloyd Wright’s work can be found throughout the city, and State Street is a legendary party district. Auto industry leaders Toyota, Ford, Faurecia and JAC Products are also large-scale employers.
Main Street and Kerrytown are great places to see, be seen and shop, and Detroit is only an hour away. The Utah Valley is home to a blossoming economy and burgeoning tech scene that makes it one of the most viable spots in the entire nation. However, the power of LSU and the state capitol and the danger and romance of the oil industry can be seductive. Tennessee United States Pageants, an Oktoberfest celebration, a winter’s market and a Christmas parade. Clarksville is historic with a quaint, tidy downtown district and the presence of the Cumberland River adds a nice touch.
Quarry Hill Nature Center is a nice place to get outdoors and stretch your legs; Salem Glen Vineyard and Winery is a nice place to get outdoors and drink.
An excellent school system, low crime rates and the joys of life outdoors (even in the harsh Minnesota winters!) combine to make Rochester feel like something out of a Peanuts cartoon — which, incidentally, were crafted by Minnesota native Charles M. The presence of nearly a dozen colleges and universities adds culture and vitality to Buffalo. Boeing South Carolina and Robert Bosch are major industrial employers and the tourism industry provides job for thousands.
Restaurants, like Slighty North of Broad and FIG, have made Charleston a destination for gourmands. All you’ll need is someone to help you load and unload the truck, and you’ll save on the costs of hiring a removalist! These numbers were added to the sum from the previous six categories and the lowest cumulative score was ranked first, second-lowest second and so on. Washington is famous for its panoramic views and you’ll never struggle to find new places to eat or drink in South Side — often quite cheaply. You head back into town to load up on protein at Jethro’s BBQ or nosh on duck and chocolate ganache at Django.
You’d throw in a few massive festivals, mouth-watering food and a college football team capable of winning a national championship. While Salt Lake is often stereotyped, revelers can still enjoy a night out at Beer Hive Pub, Bar-X or the Tavernacle Social Club, among other stops. The presence of the mountains and rugged Western countryside provide ample recreational opportunities and the University of Utah offers outstanding educational and athletic experiences. With its beautiful and historical sites, Provo is a great place to live and will serve as an enviable destination for your visiting friends and family. Home to Arizona State University, ample public transit and a fast-growing tech scene, it’s no surprise Tempe is well-loved by Millennials.
Inova Health System, the Institute for Defense Analysis and Grant Thornton LLP are major private industry employers. The Land Between the Lakes National Recreation Area is a short drive away and Dunbar Caves gets rave reviews. A cornucopia of new breweries, bars and restaurants have made Buffalo an affordable destination for Epicureans. Give Rent A Space a call and book your free truck and driver service at your earliest convenience. You and your pals then spend the night passing the notorious boot at Hessen Haus, chilling at the artsy Des Moines Social Club, catching an indie band at Wooly’s or sipping coffee and snacking on vegetarian eats at Ritual Cafe while planning a pilgrimage to the Iowa State Fair. Madison is a hot location for Millennials for its modest-sized homes, affordable cost of living and a plethora of attractions and entertainment options for all ages. Port City Brewing Company pours award-winning suds, boutique shopping on King Street is plentiful and you can find anything in West End from symphonic performances to farmers’ markets. The Mayo Civic Center hosts national touring artists as well as a bevy of events of local interest. Buffalo is transforming into a cutting-edge place to live and launch a career — something that could not have been said even a decade ago. Trucks are booked out quickly, especially on weekends, so book ahead to secure the perks of a free truck and driver. The annual Rochesterfest brings the city together each summer for a week of cultural, entertainment and sometimes delightfully silly activities.
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