Thursday, May 17, 2018

Politico Series on Cities with Large Populations of Millennials

The Washington, DC-based Politico magazine recently had an article on cities for Millennials (which the article defined as those born from 1981-1997). To identify these cities, the authors devised a formula that rated cities on factors such as the share of adults in a city who are 25-34, percent of 25-34 year-olds with college degrees, and issues related to cities' economic growth and suitability to walking and using public transportation, the latter "a well documented preference among millennials."

The result is this list of millennial-aligned cities. Note, however, that many of these cities have features that are not necessarily millennial-friendly, such as sky-high rental and housing costs (e.g., San Francisco, Boston, Washington, DC, and Seattle). On the page with the list, you should see a small circle in the lower-right of the screen, by which it says "TOGGLE." Clicking on the circle will bring up a set of demographic features, with which you can tailor a set of characteristics to your liking, by sliding the bars for more or less of a certain feature. When you do this, the city rankings will automatically be recalculated to fit your needs.

The article notes that, "the cities that millennials are adopting and transforming tend to be as racially and ethnically diverse as millennials themselves. Two-thirds of the top 50 cities are majority-minority..." Two central features of Emerging Adulthood are exploration and new experiences. Diverse cities will allow young adults to meet people with different backgrounds. To the extent the local job-market is strong, these young adults can also explore different possible lines of work. However, if someone moves to a totally new city, the one safety-net that makes a lot of this exploration possible -- the parental home to which one can boomerang -- won't be there.