{"id":6891,"date":"2016-06-01T14:36:31","date_gmt":"2016-06-01T19:36:31","guid":{"rendered":"https:\/\/www.abodo.com\/blog\/?p=6891"},"modified":"2022-02-22T19:37:10","modified_gmt":"2022-02-23T01:37:10","slug":"living-millennial-dream","status":"publish","type":"post","link":"https:\/\/www.rentable.co\/blog\/living-millennial-dream\/","title":{"rendered":"Living the Millennial Dream"},"content":{"rendered":"

What Millennials want \u2014 an almost impossible question to answer.<\/p>\n

What do you look for in a city? Perhaps you prioritize the millennials in the workplace mindset. Or maybe you care most about abundant parks and hiking trails, a bustling downtown filled with restaurants, or a convenient public transit system to get you where you need to go.<\/p>\n

To find out what Millennials want in a city, we surveyed 2,000 people born between 1982 and 1998 to determine just what qualities are important to them, and which city they thought had it all. After ranking the desired qualities, we were able to determine how various cities fulfilled these wishes.<\/p>\n

MILLENNIALS\u2019 MOST-DESIRED CITY FEATURES<\/h2>\n

\"Top<\/p>\n

First, we asked Millennials to rank their desired qualities in a city on a scale of 1 to 10 \u2013 with 10 being the most important. Their top priority? A thriving job market \u2013 the only factor to average a ranking above 8. Affordable rent and affordable home prices were the second- and third-most-coveted features.<\/p>\n

Interestingly, outdoor spaces (such as parks and hiking trails) matter slightly more than local restaurants<\/a>, pizza places, and movie theaters. And top rated public schools matter more than movie theaters. With Millennials becoming parents, these categories are bound to be a priority.<\/p>\n

HOW DO MILLENNIALS\u2019 PRIORITIES CHANGE OVER TIME AND BY GENDER?<\/h2>\n

\"Top
\n“While a thriving job market for Millennials in the workplace is the No. 1 quality Millennials look for in a city overall, affordable rent is more important to Millennials ages 18 to 22. Most Millennials agree that affordable rent is more important than an affordable home, except for those 29 to 34,” explains Olivia Silver, an HR Software<\/a> manager. The oldest Millennial age group looks to be ready to finally buy a first home, which is historically older than in previous decades.<\/p>\n

Men and women had identical lists in the top four spots, but differences in priorities reveal themselves at the fifth spot. Men consider good pizza and movie theaters more important, while women opt for local restaurants and top rated public schools. A revitalized downtown and concert or music venues appear only in the male top 10, while a green or farmers market and LGBTQ-friendliness appear only in the female top 10.<\/p>\n

WHICH IS MORE IMPORTANT: CHEAP RENT OR AFFORDABLE HOUSES?<\/h2>\n

\"Millennial
\nAs mentioned above, affordable rent ranked high on Millennials\u2019 wish lists, following closely behind the need for affordable home prices. So which regions ranked affordable rent as more important than affordable homes? In New England, rent is much more important to Millennials than home prices, with a difference of 0.748 points.<\/p>\n

Conversely, only one region believes affordable homes are more important than affordable rent. In West North Central, it seems more Millennials are looking to buy rather than rent<\/a>. However, their fellow Millennials in the rest of the country are not.<\/p>\n

MILLENNIALS IN THE WORKPLACE?<\/h2>\n

\"Millennials
\nA healthy job market for Millennials in the workplace topped the wish list of Millennials overall \u2013 but ample opportunities to eat quality pizza mattered more to some than to others. Respondents from East South Central (Tennessee, Mississippi, Kentucky, and Alabama) ranked good pizza access only a couple of points away from a thriving job market. Pacific region residents were just slightly behind in their pizza prioritizing.<\/p>\n

On the other hand, New England seem to crave a strong job market for Millennials in the workplace more than they do pepperoni with extra cheese \u2013 and the Mountain and West South Central regions share that sentiment.<\/p>\n

WHICH CITIES DO MILLENNIALS LOVE?<\/h2>\n

\"Best
\nSo which cities do Millennials think are the best choice for them? Although 4 of the top 5 cities are located in the West, the clear winner is in the East: Nearly 1 in 5 respondents say New York City is the place to be.<\/p>\n

Just over 1 in 10 say San Francisco fits the bill, while nearly 1 in 5 dream of the Pacific Northwest: Seattle<\/a> is the favorite for 9.2 percent of people and Portland for 9.1 percent. Los Angeles comes next, followed by Austin, Chicago<\/a>, Denver, and San Diego.<\/p>\n

FAVORITE CITIES BY MILLENNIALS\u2019 AGE AND GENDER<\/h2>\n

\"Top
\nNext, we looked at the cities Millennials of each gender and age group rated as their favorites. Across all ages and both genders, New York City emerged as the leader.<\/p>\n

The runner-up cities varied: The youngest Millennials (ages 18 to 22) chose L.A., the middle group (ages 23 to 28) selected Portland, and the oldest (ages 29 to 34) said San Francisco. Men, too, chose San Francisco, while women selected Seattle.<\/p>\n

San Francisco also likely attracts millennials due to its pet-friendly vibes, the city could have more canine residents that human residents and this is a traditionally a big plus for millennial when deciding on an area to live,” said Dr. Ros Dench of Gentle Dog Trainers<\/a><\/p>\n

San Francisco, Portland, Seattle, and L.A. round out the majority of the top 5 for all groups save for one: The youngest Millennials rank Austin as their fifth choice.<\/p>\n

WHICH MILLENNIALS PREFER EACH CITY?<\/h2>\n

\"Perfect
\nNext, we compared respondents\u2019 current city with their dream cities. Atlanta and Chicago residents were most likely to pinpoint NYC as a great place to live. Millennials from Philadelphia<\/a> would love to live in Seattle. Milwaukee<\/a> residents think Denver sounds good. People from Pittsburgh<\/a>? They prefer Portland.<\/p>\n

DO THE \u201cPERFECT\u201d CITIES HAVE IT ALL?<\/h2>\n

\"Which
\nWe now know all about Millennials\u2019 desires when it comes to a place to call home \u2013 but which cities actually fit Millennial priorities? Philadelphia hit 95 percent of Millennials\u2019 criteria, followed by Boston, Washington, D.C., New York City, Portland, and Seattle at 90 percent apiece.<\/p>\n

Which favorite Millennial cities are lacking in important qualities? Orlando, Atlanta, and Pittsburgh<\/a> fell to the bottom with 70 percent.<\/p>\n

WHAT DO THE \u201cPERFECT\u201d CITIES LACK?<\/h2>\n

\"What
\nSince none of the cities scored a perfect 100%, in which categories are these cities lacking? Philadelphia, the chosen Millennial city with the highest score, is only missing a highly rated public school system. The only Millennial city with a highly rated public school system? Seattle.<\/p>\n

Many cities lost points for lacking affordable rent or home prices, while others, like Atlanta and Orlando, were not close enough to a body of water. Eight cities were not known for having quality pizza, such as Seattle and Miami.<\/p>\n

FIND YOUR DREAM HOME<\/h2>\n

When it comes to finding the right city, Millennials know what they want. While practical factors like housing and jobs come first on their priority lists, Millennials also long for features that will enhance their lifestyles, like nature, great food, and entertainment.<\/p>\n

While many Millennials want to live in specific areas like NYC, San Francisco, and Seattle, there are plenty of other cities that fulfill their needs like Philadelphia, Boston, D.C., and Portland.<\/p>\n

What\u2019s your ideal city? At Rentable.co<\/a>, the home you love may only be a few clicks away. You can choose from over a million apartments across the country \u2013 whether in your current location or in the city of your dreams.<\/p>\n

METHODOLOGY<\/span><\/p>\n

We surveyed over 2,000 respondents in the United States born between the years 1982 and 1998.<\/p>\n

For the last two assets to ascertain whether the chosen favorite cities had Millennials\u2019 top 20 city qualities, we used the sources listed below. For home and rent affordability, the rent or mortgage could not exceed the 30 percent income standard. For a good job market for millennials in the workplace, a city\u2019s unemployment rate could not surpass the national average of 5.1. A city\u2019s Walk Score rating had to be at least a 70, and its Greatschools.org rating had to be at least an 8.<\/p>\n

SOURCES<\/h2>\n