Studies have shown that college education is a key indication of the likelihood to move. In fact, 77% of college graduates have moved between communities at least once, and they are far more likely to live in multiple states than those without a college degree.
There are currently 43.5 million millennials aged 25 to 34 in the U.S., and they make up 13.6% of the county’s entire population. The good news for moving service companies is that as millennials complete college and enter the professional world, they are looking for new communities to call home. Some cities, in particular, are receiving a higher influx than others.
Top 5 U.S. Cities for Millenials in 2016
- Austin, TX: Older millennials (between the ages of 25 and 34) are predicted to make up 16.5% of Austin’s entire population this year. Austin is easily the fastest growing big city in the United States, as its population shot up by 2.9% in 2014, and is expected to increase. Austin is a great city for people in the tech industry, and the city has an incredibly low unemployment rate of 3.3%.
- San Diego, CA: Millenials are flocking to San Diego for its incredible weather, beautiful landscape, and strong biotech industry. The city is highly walkable, including mixed commercial and residential areas. Older millennials are expected to make up 15.5% of the population this year.
- Seattle, WA: Seattle is a city known for its tech and coffee industries. The tech industry is experiencing a major boom, so young professionals are heading to communities with the most opportunities. Seattle’s population should be around 14.9% millennial in 2016.
- Denver, CO: Denver was attracting millennials even before their hero, Peyton Manning, won them the Superbowl this year. Mountains, fresh air, tech jobs, microbreweries–what’s not to love about Denver? Millennials will likely make up 14.9% of the city’s population.
- Houston, TX: Expected to make up 14.4% of the city’s population, millennials are moving out to Houston for its incredible food and hip-hop history. Between the years 2000 and 2012, Houston experienced a 49% increase in percentage of college graduates under 34 years old.
These cities are being hit big by a wave of transient millennials, so residential moving services are going to be busier than ever. The average American moves about 12 times in his or her life and 33% of renters move each year.
A piece of advice for millennials who are planning to move this year: Invest in a storage rental, and don’t try to move your furniture by yourself. So many holes are in so many walls because of amateur movers. A furniture delivery and moving service will actually save you money in the long run because you can be absolutely sure that everything is getting to where it’s going in one piece.