The 8 Fastest-Growing Cities for Millennials
The Millennials, aged 20 to 34, are viewed by many housing analysts as the key to boosting home ownership -- so where are they flocking to?
Read more: What Millennials Want in a Home
The Riverside, Calif., metro area saw a 40 percent rise from 2010 to 2013 in millennials -- the largest of any other U.S. city, according to U.S. Census data compiled by Bloomberg.
"Millennials want to live, work, and play in an urban area," Nancy Lashine, managing partner at Park Madison Partners, told Bloomberg. "Austin, Texas, Salt Lake City, Dallas, Denver, and San Diego—these are all cities where there is a very high concentration of Millennials. You are seeing multifamily developers buying land."
The following U.S. cities saw the largest increase in millennial population from 2010 to 2013:
- Riverside, Calif.
- Bakersfield, Calif.
- Las Vegas
- McAllen, Texas
- San Antonio
- Houston, Texas
Source: "Ten Cities That Are Magnets for Millennials," Bloomberg (June 2, 2015)