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Americans are always on the hunt for a new place to live, and millennials are a prime demographic looking for their next home. This demographic is moving in droves, and they're flocking to all sorts of cities, according to a recent study from SmartAsset.
The website revealed which cities millennials moving to the most in 2023. Analysts broke down how they determined their rankings:
"Data comes from the U.S. Census Bureau 1-Year American Community Survey for 2022. The study included 268 cities that had available data and 100,000 or more people aged 1 or over. Millennials were defined as those aged 25 to 44. Cities were ranked by the percentage of the total population represented by millennials who moved into the city in 2022."
Two popular cities in Colorado landed in the Top 20. Denver ranked at No. 5 with over 12.1% of the city's population, or 85,390 millennials, moving in last year. This demographic makes up 40.78% of the Mile High City's total population. The median age of Seattle's residents is 35.4 years.
Boulder came in the No. 12 spot. Nearly 29,000 millennials moved into this well-known location last year, and they make up 27.6% of the total population. Researchers noted the city had the "highest rate of fresh millennials" after Cambridge, Massachusetts.
Here are the Top 10 cities millennials are moving to the most:
- Cambridge, Massachusetts
- Santa Clara, California
- Seattle, Washington
- Sunnyvale, California
- Denver, Colorado
- Arlington, Virginia
- Bellevue, Washington
- Killeen, Texas
- Austin, Texas
- Sandy Springs, Georgia