Where Millennials and Seniors Have Moved Since the Recession

Shutterstock

 

Connecting state and local government leaders

Young adults are heading to knowledge-based metros, while Arizona and Florida remain retirement hubs, the Brookings Institution found in a new analysis.

U.S. millennials and seniors aren’t moving to the same regions and the two age groups are migrating to some different areas than they did before the Great Recession, according to a new Brookings Institution report.

Both are important for economic development. While millennials in their late 20s and 30s comprise the foundation of their regions’ workforces and consumer bases, affluent seniors age 50 and up are also typically desired newcomers. The movers among the two groups have ended up in different communities, according to the analysis of American Community Survey migration data from 2012-2017.

In general, the rates of migration have slowed since the 2007-2009 recession, though young adults—seeking jobs and going through family changes—remain far more likely to pick up and head someplace new than seniors, who often downsize locally in retirement. Still, the number of seniors who have moved in recent years to top destinations is closer to matching pre-recession statistics than millennial migration.

“Young adults really got hit hard during the Great Recession. If you saw the places gaining young adults prior to 2007, they tended to have booming housing markets,” William “Bill” Frey, demographer and Brookings senior fellow, told Route Fifty. “Back then, the sky was the limit for young people.”

The recession stalling housing and job markets explains millennials’ reduced migration, as well as their slowness marrying and having children, according to the report.

Meanwhile, many baby boomers delayed retirement and had trouble selling their homes. Recently, it’s become easier for seniors to sell their homes again and move on, Frey said.

As for where young adults are migrating, Houston; Denver; Dallas; Seattle; Austin, Texas; Charlotte, North Carolina; and Portland, Oregon all saw net migration gains exceeding 7,000 people.

Whereas, pre-recession, millennials gravitated toward metropolitan areas that had “some kind of boom going on,” whether with housing or jobs, now they’re attracted to knowledge-based places, Frey said. Denver, Seattle, Austin and Portland boast older millennial populations where more than two-fifths are college graduates.

Among the top 20 young metros for adult migration, 10 of them had older millennial populations with more than two-fifths college graduates—degree recipients are 55 percent of San Francisco’s millennial demographic.

“This is still the most educated generation of young adults that we’ve seen come along,” Frey said.

Only three of the top 20 metros for young adult migration fell outside the South and West “Sun Belt” region: Minneapolis-St. Paul; Columbus, Ohio; and Kansas City, Missouri. The low cost of living in those metros is the driver, Frey said.

While pre-recession hot spots for millennials were similar, Washington, D.C. has been replaced by Dallas in the top five, and migration gains for top metros are generally larger now, according to the report.

Pre-recession millennial migration favored suburban, homeowner-friendly metros like Riverside, California and Phoenix, as well as southeastern metros like Atlanta and Charlotte.

Out-migration from metros like New York City, Los Angeles and Chicago was highest pre-recession, slowed during the recession and has begun to increase again. Millennials often live in those cities for education or an internship before moving on to areas with better costs of living, Frey said, but that doesn’t mean their populations are declining dramatically.

“They’re getting plenty of new gains from immigration that can counter some of this out-migration,” Frey said.

Metros that gained the most seniors also generally fell in the Sun Belt, but the top five didn’t overlap with the leading areas for young adults. Only 20 metros saw positive gains of seniors, and Seattle and San Francisco lost them even as they added millennials.

As in the past, Phoenix led all other metros gaining seniors with more than 18,000. That number was followed by Tampa, Florida; Riverside; Las Vegas; and Jacksonville, Florida. New York and Los Angeles lost the most seniors, largely to traditional migration states Florida and Arizona, respectively.

Metros that have fallen out of favor with seniors post-recession include Atlanta, Dallas and Houston.

Dave Nyczepir is a News Editor at Route Fifty and is based in Washington, D.C.

NEXT STORY: Getting Close With Employees Can Backfire On Bosses

X
This website uses cookies to enhance user experience and to analyze performance and traffic on our website. We also share information about your use of our site with our social media, advertising and analytics partners. Learn More / Do Not Sell My Personal Information
Accept Cookies
X
Cookie Preferences Cookie List

Do Not Sell My Personal Information

When you visit our website, we store cookies on your browser to collect information. The information collected might relate to you, your preferences or your device, and is mostly used to make the site work as you expect it to and to provide a more personalized web experience. However, you can choose not to allow certain types of cookies, which may impact your experience of the site and the services we are able to offer. Click on the different category headings to find out more and change our default settings according to your preference. You cannot opt-out of our First Party Strictly Necessary Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the cookie banner and remembering your settings, to log into your account, to redirect you when you log out, etc.). For more information about the First and Third Party Cookies used please follow this link.

Allow All Cookies

Manage Consent Preferences

Strictly Necessary Cookies - Always Active

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Sale of Personal Data, Targeting & Social Media Cookies

Under the California Consumer Privacy Act, you have the right to opt-out of the sale of your personal information to third parties. These cookies collect information for analytics and to personalize your experience with targeted ads. You may exercise your right to opt out of the sale of personal information by using this toggle switch. If you opt out we will not be able to offer you personalised ads and will not hand over your personal information to any third parties. Additionally, you may contact our legal department for further clarification about your rights as a California consumer by using this Exercise My Rights link

If you have enabled privacy controls on your browser (such as a plugin), we have to take that as a valid request to opt-out. Therefore we would not be able to track your activity through the web. This may affect our ability to personalize ads according to your preferences.

Targeting cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.

Social media cookies are set by a range of social media services that we have added to the site to enable you to share our content with your friends and networks. They are capable of tracking your browser across other sites and building up a profile of your interests. This may impact the content and messages you see on other websites you visit. If you do not allow these cookies you may not be able to use or see these sharing tools.

If you want to opt out of all of our lead reports and lists, please submit a privacy request at our Do Not Sell page.

Save Settings
Cookie Preferences Cookie List

Cookie List

A cookie is a small piece of data (text file) that a website – when visited by a user – asks your browser to store on your device in order to remember information about you, such as your language preference or login information. Those cookies are set by us and called first-party cookies. We also use third-party cookies – which are cookies from a domain different than the domain of the website you are visiting – for our advertising and marketing efforts. More specifically, we use cookies and other tracking technologies for the following purposes:

Strictly Necessary Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Functional Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Performance Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Sale of Personal Data

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.

Social Media Cookies

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.

Targeting Cookies

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.