Report: Millennials are moving to Austin, Raleigh

The millennial generation, defined by the Pew Research Center as people born between 1981 and 1996, is expected to surpass the Baby Boomers as the largest generation sometime in 2019, Lattice Publishing reports. There are roughly 73 million millennials in the U.S., with numbers increasing due to immigration and migration.

The majority are moving to Austin-Round Rock, Texas, and Raleigh, North Carolina.

The millennial population in Austin increased by over 14 percent between 2013 and 2017, the largest gain of cities compared by the American Community Survey Public Use Microdata Sample (ACS PUMS). People between the ages of 21 to 36 in 2017 were analyzed in the ACS PUMS data.

Austin’s motto, which is “Keep Austin Weird,” is not necessarily linked to the city considering itself to be the “Live Music Capital of the World.” It is also home to Google and Apple headquarters, and a thriving tech industry, including Dell and IBM.

In Raleigh, the increase in the millennial population between 2013 and 2017 was 13.3 percent, with a total change in population of 36,117.

Raleigh is home to Research Triangle Park, and is considered to be one of the premier tech cities in the U.S. It also is home to the University of North Carolina at Chapel Hill, North Carolina State University, and Duke University, and cutting edge technology companies like Cisco and IBM.



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