Marcus Hiles Notes Millennials Seek Affordable Rentals, Good Jobs

Marcus Hiles hinted that a common factor among the cities on the list was the presence of big employers in rapidly growing sectors like technology and healthcare and an above average young adult population. A new study from personal finance website NerdWallet, for example, rated Austin, TX as the best metro area in the country for high paying jobs and affordability. Here, the thousands of jobs offered by Dell, Apple and IBM combined with a thriving nightlife and live music scene have resulted in young professionals from around the country flocking to Austin, and seeking rentals at reasonable rates. “Affordability is a key part of why millenials are deciding to move to the Midwest, as opposed to job centers on the East or West coast,” Realtor.com Chief Economist Jonathan Smoke said to Construction Dive last November. “There is a huge disparity in how many dollars are needed to get a home in Des Moines versus San Francisco”.

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