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At first glance, the Y-Generation (aka the Millenials / people born between 1979 and 1999) want the same things that most people want when they are looking for a place to live: reasonably priced housing, good schools, clean air, recreational and cultural opportunities, and a healthy economy. But These folks bring a completely new attitude with them when looking for their ideal destinations. Nearly two-thirds of them plan on moving after college in order to get a new job. However, they're not just going where the work is; they're going to the place they want to be and then looking for the work they want to do.
Can they have it all? Sometimes yes, sometimes no. While about 25 percent of Y-gens between the ages of 18-25 buy homes, they also understand that with their school loans (which tend to be much bigger than loans of any previous generation), they can not always get the size house they want, and so they're starting small. Also, they do not care as much about the size of their house as they do about finding a really cool place to live. Places with hip downtowns full of music venues and restaurants are more attractive, as are eco-conscious towns with clean waterways and low pollution levels. According to an October, 2006, USA Today article, "A growing body of academic and market research suggests millennials-who are in their mid-20s and younger-are civic-minded and socially conscious as individuals, consumers, and employees."
In regards to where they work and what their work experience is like, the Y-Generation's expectations are significantly different from previous generations. Nearly 60 million strong and the fastest-growing segment of the work, they are already changing how things are done. Gen Y does not respond to traditional work paradigms. They tend to cooperate with others; they are not afraid to challenge the status quo; and they multitask a lot, juggling emails, cell phone calls, and work at the same time. More significant even is the fact that "today's youngest workers are more interested in making their jobs accommodate their family and personal lives. They want jobs with flexibility, telecommuting options, and the ability to go part time or leave the work temporarily when children are in the picture "(USA Today, 10/2005).
Keeping all this in mind, the staff at FindYourSpot.com, an Internet relocation website, combed its 530+ city / town reports to find the top ten spots that meet the needs of this generation. All these mid- and large-sized cities have been noted for their high tech prowess by a variety of sources including Kaplan Inc and Wired Magazine; all of them have low pollution rates according to the Foundation for Clean Air Progress; they are among the best 100 performing cities for jobs, according to the Milken Institute; with just two exceptions (Tucson and Orlando), residents of these cities earn average salaries between the 50th (Odgen) and 87th (Boulder) percentile for the United States; more than one-third (and in more than half the towns more than half) of residents have college degrees; and finally, with one exception (Boulder, CO, at $ 492,000), the average home prices for these cities / areas fall below the national average of about $ 300,000.
Tucson, Arizona
Population: 529,000
Avg home price: $ 260,000
Avg. percentage of Y-Gens: 32%
Professional sector jobs: 22%
Phoenix, Arizona
Population 1,500,000
Avg. home prices: $ 275,000
Avg. percentage of Y-Gens: 31%
Boulder, Colorado
Population: 90,000
Avg. home price: $ 492,000
Avg. percentage of Y-Gens: 29%
Orlando, Florida
Population: 209,000
Avg. home price: $ 264,000
Avg. percentage of Y-Gens: 21%
Austin, Texas
Population: 712,000
Avg. home price: $ 154,000
Avg. percentage of Y-Gens: 28%
Ogden, Utah
Population: 82,000
Avg. home price: $ 160,000
Avg. percentage of Y-Gens: 24%
Virginia Beach (what state?)
Population: 624,000
Avg. home price: $ 252,000
Avg. percentage of Y-Gens: 20%
Madison, Wisconsin
Population: 222,000
Avg. home price: $ 225,000
Avg. percentage of Y-Gens: 31%
Asheville, North Carolina
Population: 72,900
Avg. home price: $ 205,000
Avg. percentage of Y-Gens: 20%
References:
[http://www.usatoday.com/news/nation/2006-10-23-gen-next-cover_x.htm]
[http://www.usatoday.com/money/workplace/2005-11-06-gen-y_x.htm]
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Source by Lizzy Scully
