Millennials are increasingly relocating to Texas and Florida, with the city of Dallas being one of the most appealing locations, according to a study from SmartAsset.
Even before the government response to the pandemic prompted people to reconsider their living conditions, Americans were beginning to move in large numbers to states in the southern half of the country, like Texas.
Between 2018 and 2019, for example, upwards of 50,000 people migrated to the Lone Star State from California alone.
If Millennials are moving to Texas and Florida, where are they moving from? New York City tops the list.
Last year, over 55,000 members of the group exited NYC, six times the rate experienced by any other place. On balance, the city experienced net migration of nearly -79,800 millennials.
Chicago landed second on the list of city exits. While about 23,200 millennials moved into the city last year, roughly 36,500 moved out.
Washington, DC, Boston, and Los Angeles followed in third, fourth, and fifth places, respectively, for U.S. cities witnessing departures.
On the other end of the spectrum, Austin topped the destinations where the demographic has been settling. In 2021, nearly 24,000 millennials descended on the city to begin their next life stage. In contrast, only 13,400 left to live elsewhere, little more than half of the incoming rate.
While it has fallen slightly recently, Denver was still the second most popular destination in 2021. The Mile High City experienced net millennial migration of nearly 9,216 last year.
Dallas is the second city in Lone Star State to make the list. The city saw a net increase of 6,339 millennials last year, comprised of 15,217 arrivals and 8,878 departures.
The DFW metropolitan area is considered a hotspot for coworking spaces, which can help attract remote workers from out-of-state. DFW boasts the fifth-highest number of coworking spaces in the country, with 261 unique locations.
“Southern hospitality, year-round good weather, and lack of state income tax ” have helped boost the city’s attractiveness, according to an October survey conducted by coworkingcafe.com.
The influx of young people to Big D is at least partly responsible for the city’s meteoric rise in housing prices. In fact, the DFW metropolitan area is still the most expensive region of the state.
Raleigh, North Carolina, and Jacksonville, Florida, landed fourth and fifth on the list, respectively.
Raleigh’s millennial population expanded by over 3%, with a net migration of 3,933 people. Jacksonville was only slightly behind, experiencing a net gain of 3,921 people in the group.
