Who run the world? Right now, the answer is millennials. They make up the largest segment of the U.S. labor force and are the largest generation overall, so when they choose which cities they want to live and work in, there's usually a good reason.
Luckily for Austin, a lot of millennials have chosen it — 17.4 percent of the city's population, in fact. That, along with six other factors, has landed Austin at No. 2 among the top 10 metros for millennials looking to relocate.
Using the latest Census data, commercial real estate CommercialCafe ranked U.S. metros based on millennial population growth, regional price parity, millennial unemployment rate, percentage of millennials with employer-based health insurance, and commuting time.
The Austin metro area garnered a total of 74.6 points, thanks in large part to its millennial population growth between 2014 and 2018 (11 percent) and the fact that 67 percent of millennials here have employer-based insurance.
Though Austin has a pretty decent average commute time of 27 minutes, our lack of public transportation and infrastructure means that owning a car — and the expense and traffic congestion that comes with it — is pretty much unavoidable.
No other Texas metros appear on the list of millennial hot spots. The Denver-Aurora-Lakewood area comes in first, while the third and fourth spots are claimed by Raleigh and Seattle-Tacoma-Bellevue. Salt Lake City; Columbus, Ohio; Grand Rapids, Michigan; Nashville; Portland; and San Jose, California, round out the top 10.