Recently, the National Association of Realtors (NAR) released a report from a study analyzing where millennials are currently living and moving to across the U.S. The study analyzed employment gains, populations trends, income levels and housing conditions in 100 of the largest metropolitan areas across the country. The study categorizes those born between 1980 and 1998 as members of the millennial generation.
Grand Rapids was named the second-most popular destination for millennials, with nearly 73% of those who have recently moved to the area falling into this generational category. Combined with the number of millennials already living in Grand Rapids who make up 27% of the total population, the West Michigan city comes in at a close second to Madison, Wisconsin.
With strong employment growth and a more affordable cost of living, millennials making $53,000 annually can afford 22% of homes currently for sale in the Grand Rapids area. Recent trends have shown these factors have been highly influential for millennial-aged people choosing to move to more affordable locations as opposed to major urban centers.
Top Five Most Popular Destinations for Millennial to Move and Stay
- Madison, Wisconsin
- Grand Rapids, Michigan
- Seattle, Washington
- Durham, North Carolina
- Omaha, Nebraska
View the report from the NAR here.