Best Places for Millennials to Live & Work

Key Highlights

• The three best places for Millennials to work and live, according to Commercial Café, of the 10 best places are Denver, Austin and Raleigh.
• All the metros on this 10-best list are metros with populations of 1M+.

CommercialCafe just released a new study ranking the best metros for Millennials. (Millennials tracked in this study were born between 1986-1995.)

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CommercialCafe narrowed its scope to metros with populations of at least 1M and used the following factors to determine the highest scoring metros:

• Millennial population growth between 2014-2018
• Millennial population share
• Regional price parity of the regional cost of living comparison in which scores of 100 are equivalent to the national average
• Millennial unemployment rates
• Share of Millennials having employer-based health insurance
• Share of working Millennials with BA degrees
• Average commute times

In its listing of the 10 best places to live and work, CommercialCafe included two categories of the seven factors that had the highest scores.

You’ll note that metros located in the South and Midwest scored the highest due to relatively lower cost of living realities.

1. Denver-Aurora-Lakewood CO
   1. +13% Millennial population growth between 2014-2018
   2. 3% Millennial unemployment rate
2. Austin-Round Rock TX
   1. 17% Millennial population share
   2. 40% working Millennials have employer-based health insurance
3. Raleigh NC
   1. 41% working Millennials have BA degree
   2. 2% Millennial unemployment rate
4. Seattle-Tacoma-Bellevue WA
   1. 14% Millennial population growth between 2014-2018
   2. 70% working Millennials have employer-based health insurance
5. Salt Lake City UT
   1. 23 minute commuting time
   2. 16% Millennial population share
6. Columbus OH
   1. 24 minute commuting time
   2. 16% Millennial population share
7. Grand Rapids WY-MI
   1. 22 minute commuting time
   2. 69% working Millennials have employer-based health insurance
8. Nashville-Davidson-Murfreesboro-Franklin TN
   1. 11% Millennial population growth from 2014-2018
   2. 4% Millennial unemployment rate
9. Portland-Vancouver-Hillsboro OR-WA
   1. 27 minute commuting time
   2. 102 regional price parity score
10. San Jose-Sunnyvale-Santa Clara CA
    1. 131 regional price parity score
    2. 40% working Millennials have employer-based health insurance

Thanks to The New York Times ‘Michael Kolomatsky and CommercialCafe for source data.

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