Moving.com identified the top metro areas for 18- to 29-year olds, factoring in affordable housing and rental costs, low unemployment, and education and entertainment opportunities. The areas emerging at the top of its list are located mostly near large cities and are considered “affordable” by big-city standards. The metro areas also offer some of the lowest unemployment rates in the nation, below 7 percent.
The top seven cities for millennials, according to Moving.com’s list are:
1. Athens, Ga.
Unemployment: 6.5%
Average rent price: $798
Median home list price: $174,900
2. Chapel Hill, N.C.
Unemployment: 7.4%
Average rent price: $1,260
Median home list price: $219,900
3. Corvallis, Ore.
Unemployment: 5.7%
Average rent price: $1,043
Median home list price: $283,700
4. Dallas
Unemployment: 6.8%
Average rent price: $1,168
Median home list price: $204,900
5. Ithaca, N.Y.
Unemployment: 6.4%
Average rent price: $1,034
Median home list price: $276,000
6. Oklahoma City, Okla.
Unemployment: 4.5%
Average rent price: $707
Median home list price: $154,900
7. Pittsburgh, Pa.
Unemployment: 6.6%
Average rent price: $1,030
Median home list price: $143,250
Source: “The Top 10 Best Cities for Millennials,” 24/7 Wall St. (July 9, 2012)
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