Millennials are flocking to this Southern city … which one is it?
A new research study says when it comes to millennials, many have their eyes set on the Cola City.
A study released by financial website Smart Asset says Columbia, S.C. is no. 2 on the list of top 10 cities millennials are moving to. Their study is based on Census Bureau data, tracking millennial movement for 217 cities.
“South Carolina’s capital takes second. In total, Columbia received 6,900 more millennials than it lost. A large chunk of the millennials coming to Columbia are out-of-staters,” Smart Asset said. “In total around 8,000 millennials came to Columbia from outside of South Carolina, while 3,700 millennials decided to leave Columbia for another state.”
And it backs up the website’s claim that the south is an overwhelmingly popular choice for millennials to move altogether.
“Where millennials decide to move has enormous impact on local markets, from the cost of a mortgage to whether or not you will be able to find a good avocado toast in your neighborhood,” Smart Asset says.
Here’s the basis of their findings:
- 2016 Census migration data from 217 cities and all 50 states including Washington, DC.
- Compared numbers of persons between the ages of 20 and 34 who emigrated from each city and state to the number who immigrated.
- cities and states ranked by the highest difference between the number who immigrated and the number who emigrated for people between the ages of 20 and 34
- Data on migration patterns comes from the 2016 U.S. Census Bureau’s 1-Year American Community Survey, Smart Asset says.
Here’s the full list of top 10 cities:
- Seattle, WA
- Columbia, SC
- Sacramento, CA
- Minneapolis, MN
- Jacksonville, FL
- Newport News, VA
- San Jose, CA
- Denver, CO
- Norfolk, VA
- Virigina Beach, VA
You can read the full story by clicking here.