on the move

Austin is back on top as the No. 1 city for millennials

Millennials can't get enough of Austin.

After slipping out of the top five for the first time in 2023, Austin has redeemed itself and reclaimed its position as the No. 1 magnet city for millennials on the move in 2024. That's according to a new study by commercial real estate platform CommercialCafe.

The report analyzed data from the U.S. Census Bureau's most recent American Community Survey to determine the millennial population change from 2018 to 2022 across 105 metropolitan areas with more than 500,000 residents. Millennials were defined as individuals who were between the ages of 22 to 37 in 2018, and those between 26 to 41 years old in 2022.

Austin led the nation as the most highly sought-after city, with the share of millennials growing by nearly 16 percent from 2018 to 2022. Millennials in 2022 made up 27.3 percent of the entire city's population, or 673,000 residents, according to CommercialCafe's findings.

"The Texas metro area has long been synonymous with sustained growth, expanding both in size and career opportunities alongside the millennial generation," the report's author wrote.

The report says millennials can find a "balanced lifestyle between income and living expenses" while living in Austin, as the average income for a millennial household comes out to $131,250 a year.

"The city also hosts the third-largest concentration of highly educated millennials, who benefit from its renowned educational institutions and thriving tech industry’s demand for skilled talent," the report said.

A separate SmartAsset report from 2022 first put Austin in the coveted No. 1 spot for millennials on the move, but the Texas Capitol slipped down to No. 9 in 2023.

Notably, Austin also secured the No. 1 spot in CommercialCafe's analysis of the top 10 metros for millennials in the South. Rounding out the top five southern metros, in order, are: Raleigh, North Carolina; Huntsville, Alabama; Fayetteville, Arkansas; and Nashville, Tennessee.

Elsewhere in Texas, Dallas ranked No. 38 out of all 105 metro areas in the report, followed by San Antonio (No. 50), Houston (No. 56), El Paso (No. 92), and McAllen (No. 102).

The top 10 U.S. metros for millennials are:

No. 1 – Austin, Texas
No. 2 – San Jose, California
No. 3 – Raleigh, North Carolina
No. 4 – Harrisburg, Pennsylvania
No. 5 – Huntsville, Alabama
No. 6 – Ogden, Utah
No. 7 – Seattle, Washington
No. 8 – Salt Lake City, Utah
No. 9 – Fayetteville, Arkansas
No. 10 – Des Moines, Idaho

The full report can be found on commercialcafe.com.

austin reports city life real estate

Top of the class

UT Austin ranks among best U.S. schools for entrepreneurship in 2025

UT Austin, University of Texas at Austin, top Texas schools, best public universities, best colleges

Photo by Alexander Williams on Unsplash

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The University of Texas at Austin has earned two top-10 spots on The Princeton Review and Entrepreneur’s lists of the best graduate and undergraduate schools for entrepreneurship studies for 2025.

UT Austin's McCombs School of Business ranks seventh in the graduate category, and UT ranks second in the undergraduate category.

The school is no stranger to the prestigious national lists. In the 2024 rankings, UT also appeared as No. 2 among undergraduate programs, and No. 6 in the ranking for the best graduate programs.

This year marks the fourth time that the school has landed in the top 5 on the undergraduate side, and the 12th time in 15 years that McCombs has made the top 10 among graduate programs in the annual ranking, UT notes in a news release.

The only other schools in Texas to make either top-10 list for 2025 were Rice University (No. 1 graduate school) and the University of Houston (No. 1 undergraduate program).

Rankings for The Princeton Review and Entrepreneur’s 2025 lists were based on a survey of administrators at nearly 300 schools in the U.S., Canada, and Europe that offer entrepreneurship studies. Among the more than 40 factors used for the rankings were academic programs, faculty credentials, mentorship opportunities, and alumni entrepreneurship ventures.

"If the focus of the MBA program at McCombs School of Business at the University of Texas at Austin were to be summed up in one word, it would be 'collaboration,'" reads the 2025 graduate schools report. "Students in more than 20 concentrations uniformly crow over its 'incredibly collaborative culture,' citing the 'supportive culture' as a top reason they ultimately picked the program. As a 'top 20 school,' the 'rigorous academic[s]' and 'focus on clean energy,' 'technology,' and 'entrepreneurship,' are other stand-out elements of the program."

The top 10 schools on the list of 50 best graduate schools for entrepreneurship studies in 2025 are:

1. Rice University
2. University of California-Los Angeles
3. University of Michigan-Ann Arbor
4. Washington University in St. Louis
5. Babson College
6. University of Washington
7. University of Texas at Austin
8. University of Virginia
9. Erasmus University Rotterdam in the Netherlands
10. University of South Florida

The top 10 schools on the list of 50 best undergraduate schools for entrepreneurship studies in 2025 are:

1. University of Houston
2. University of Texas at Austin
3. Babson College
4. University of Washington
5. Washington University in St. Louis
6. University of Michigan-Ann Arbor
7. University of Maryland-College Park
8. Miami University of Ohio
9. Tecnológico de Monterrey in Mexico
10. Northeastern University

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The story originally was published on our sister site, InnovationMap.

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