In this article, we will take a look at the top 5 cities where millennials are moving in the US. If you would like to read our discussion on the relocation trends, you can go to the Top 15 Cities Where Millennials Are Moving in the US.
5. Denver, Colorado
Millennials who Moved in as a Percentage of the Population: 12.11%
Number of Relocated Millennials: 85,390
Denver, a bustling metropolitan city, is the capital of Colorado. Millennials have moved to Denver, Colorado, in large numbers in recent years. In 2022, more than 85,000 millennials have migrated to the city. Overall, 41% of the population in Denver are millennials.
4. Sunnyvale, California
Millennials who Moved in as a Percentage of the Population: 12.53%
Number of Relocated Millennials: 18,862
In 2022, over 18,000 millennials moved to Sunnyvale. Around 12.5% of the city’s population consists of recently relocated young adults. The median age in Sunnyvale stands at 35.9 years, reflecting its appeal to a youthful demographic.
3. Seattle, Washington
Millennials who Moved in as a Percentage of the Population: 12.54%
Number of Relocated Millennials: 93,302
Seattle is located in the Pacific Northwest. One notable trend is the large number of young adults moving to the city. Many millennials are attracted to Seattle because of its natural beauty, lifestyle, progressive politics, and thriving tech industry. In 2022, over 90,000 millennials moved into the city, making it the third-most-popular city among this demographic.
2. Santa Clara, California
Millennials who Moved in as a Percentage of the Population: 13.26%
Number of Relocated Millennials: 16,661
Nestled in Silicon Valley, Santa Clara is a neighbor to San Jose. People aged 25-44 now make up 14.74% of Santa Clara’s population. Despite high housing prices, Santa Clara is the top destination for millennials moving into California and the second most popular city for millennials nationwide. Around 16,661 millennials moved into Santa Clara in 2022. Known for its appeal to programmers and tech enthusiasts, Santa Clara offers diverse amenities to meet various millennial needs. With its substantial size, the city provides many opportunities and options for millennials to explore.
1. Cambridge, Massachusetts
Millennials who Moved in as a Percentage of the Population: 14.74%
Number of Relocated Millennials: 17,275
Cambridge, located across the Charles River from Boston and renowned as a center of learning, experiences the highest influx of millennial newcomers in the US. Nearly 15% of its residents are young adults who recently arrived, contributing to the city’s youthful vibe. With a median age of around 30, Cambridge tops the list of 15 cities where millennials are moving in the US.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out 20 Countries with the Most Domestically Listed Companies in the World and 10 Best High Volume Stocks To Buy According to Hedge Funds.
