ARE MILLENNIALS LEAVING CITIES? YES, BUT YOUNG ADULTS ARE NOT

AChafukira • May 14, 2021

Are young adults leaving downtown? No, they are not. The number and share of young adults in urban neighborhoods have gradually increased in recent years. These seemingly contradicting facts are because age and birth cohort are two distinct concepts, a difference I explore in “ Are Millennials Leaving Town? Reconciling Peak Millennials and Youthification Hypotheses ,” a new paper that builds on work I did while at the Center.

Millennials have received a great deal of attention in recent years, as their nearly 90 million members and unique characteristics have the potential to reset and reshape our society. Arguably, one of the changes that this generation has brought about, or at least has accelerated, is urban revival. In recent decades, many city centers experienced a resurgence, and the concentration of young adults in urban centers was one of the major drivers. However, as millennials age into their 30s and 40s, their urban presence may have peaked and could decline further. Given that the concentration of millennials boosted city growth, their reverse migration was interpreted as a loss of that momentum , and perhaps even an urban exodus , that only accelerated after the COVID-19 outbreak.

The findings of my paper suggest that this is not the case. Using American Community Survey (ACS) microdata, the paper revisits and updates my previous analysis with additional years of data, focusing on the changing geographic distribution of young adults 25–34 years old and millennials (born 1981–2000) across the largest 50 Metropolitan Statistical Areas (MSAs), smaller MSAs, and non-MSAs. While some big cities like New York and Chicago recently experienced population decline, the top 50 metros in aggregate have attracted greater shares of young adults and millennials over time. The share of late millennials (born 1991–2000), who were in primary and secondary school in earlier years, has risen in large metros in recent years as the oldest members began to enter college, enter the workforce, etc.

FIGURE 1

By age and generational groups, the oldest millennials are moving away from cities, but increasing number and share of young adults, including many late millennials, are found in those urban centers at the same time. Among those in the top 50 MSAs, the share of early millennials born in 1981-1990 in urban neighborhoods declined after 2015. However, the urban shares of young adults 25 to 34 and late millennials born in 1991-2000 have generally increased over time.

Note: The US Census Bureau reviewed this data product for unauthorized disclosure of confidential information and approved the disclosure avoidance practices applied to this release. CBDRB-FY21-POP001-0026.

Source: Author’s analysis based on the 2006–2019 American Community Survey Internal Use Microdata.

The paper also examines how population distribution has changed in the top 50 MSAs, between urban and suburban neighborhoods. To determine this, I analyzed the share of the top 50 MSA residents within a one, three, and ten mile radius from city centers, by age or generational group. While the share of residents of all ages in urban areas slightly declined in 2006–2019, consistent with recent reports , the urban share increased among young adults (25–34 and 35–44), suggesting that their demand for urban living has not substantially changed.

Otherwise, the urban share of early millennials, who were 16–25 in 2006 and 29–38 in 2019, grew rapidly from 2006–2010 and plateaued until 2015, after which it gradually fell as they began to migrate to the suburbs (10+ miles from city centers). However, the urban presence of the late millennials has increased as they aged from 6–15 to 19–28 years during the period. Therefore, it’s true that the oldest millennials are moving away from cities, but an increasing number and share of young adults, including many late millennials, could be found in those urban centers at the same time.

FIGURE 2

By age and generational groups, the oldest millennials are moving away from cities, but increasing number and share of young adults, including many late millennials, are found in those urban centers at the same time. Among those in the top 50 MSAs, the share of early millennials born in 1981-1990 in urban neighborhoods declined after 2015. However, the urban shares of young adults 25 to 34 and late millennials born in 1991-2000 have generally increased over time.

Note: The US Census Bureau reviewed this data product for unauthorized disclosure of confidential information and approved the disclosure avoidance practices applied to this release. CBDRB-FY21-POP001-0026.

Source: Author’s analysis based on the 2006–2019 American Community Survey Internal Use Microdata.

These findings explain what is happening in cities and suburbs from both an age and generation perspective and indicate that there will be more millennials and even post-millennials interested in moving to the suburbs. When that happens, the millennial migration to the suburbs could have a significant impact, much like the baby boomers did in the 1970s and 1980s. However, this doesn’t necessarily mean the end of cities. The demand for urban living will not disappear; there will still be a sufficient number of millennials, especially well-educated singles, who will choose to remain in their 30s and 40s, and post-millennials, who will prefer to spend their 20s in urban centers. Policymakers and community leaders should continue their efforts to capitalize on these demographic changes to build sustainable and healthy communities, and meet diversifying demands.

By Olga Labovich January 18, 2023
About 6 percent of real estate agents and brokers in the United States are Black. Their white peers make almost three times as much, according to data and surveys. Tye Williams feels the heat. It’s 95 degrees out, and the North Carolina sun is beating like a drum. He’s in a full suit and tie Continue Reading The post Selling Houses While Black appeared first on National Association of Real Estate Brokers.
By Olga Labovich November 30, 2022
WHO: U.S. Senator Sherrod Brown (D-OH) Lydia Pope, President NAREB Alanna McCargo, President, Ginnie Mae Lisa Rice, President & CEO National Fair Housing Alliance Sandra Thompson, Director, Federal Housing Finance Agency Teresa Bryce Bazemore, CEO, Federal Home Loan Bank of San Francisco Katrina Jones, VP, Racial Equity Strategy & Impact, Fannie Mae Pamela Perry, VP, Continue Reading The post NAREB RELEASES ANNUAL STATE OF HOUSING IN BLACK AMERICA REPORT AT BLACK WEALTH SUMMIT FEATURING LAWMAKERS, AGENCY HEADS, POLICYMAKERS & EXPERTS appeared first on National Association of Real Estate Brokers.
By Olga Labovich November 14, 2022
The California Association of Realtors is the most recent association to express regrets for past practices that marginalized groups based on race or ethnicity. Key points: Real estate associations in Atlanta, Minneapolis, Chicago and St. Louis have also offered formal apologies for past discriminatory practices. Practices and policies included endorsing restrictive covenants and redlining, making Continue Reading The post Reckoning with the past: Associations apologize for discriminatory practices appeared first on National Association of Real Estate Brokers.
By Olga Labovich November 14, 2022
Lydia Pope, who leads the National Association of Real Estate Brokers, discusses narrowing the racial gap in homeownership and opening doors for Black agents Key points: NAREB, founded in 1947, is the nation’s oldest trade association for Black real estate professionals. ‘Our goal is equal housing,’ said Pope, whose own real estate career spans nearly Continue Reading The post NAREB: Supporting ‘democracy in housing’ for consumers, agents appeared first on National Association of Real Estate Brokers.
By Olga Labovich November 11, 2022
Americans disagree on many social issues, but one we’re strongly united on is appreciation for our fellow countrymen and women who have served in our nation’s military – especially today, Veteran’s Day. It’s likely that the greatest expression of gratitude our nation has ever given to those who have worn the uniform is the Servicemen’s Readjustment Continue Reading The post Clyburn Re-Ups Support For G.I. Bill Restoration Act On This Veteran’s Day appeared first on National Association of Real Estate Brokers.
By Olga Labovich October 15, 2022
Our mission at Bankrate is to assist our clients in making smarter monetary decisions. Apart from ensuring every editorial policy is met, we have referenced some of our products from our partners in this post. We have explained how we generate revenue here. The National Association of Real Estate Brokers (NAREB) is a trade network Continue Reading The post When the demography of the members is considered appeared first on National Association of Real Estate Brokers.
By Olga Labovich September 15, 2022
Whether you’re looking to buy or sell a home, you’ll see a wide range of terms attached to professionals who can help with the transaction. As you work to understand the difference between a broker and an agent, you may also wonder what a Realtist does. What is a Realtist? A Realtist is a real estate Continue Reading The post What is a Realtist? appeared first on National Association of Real Estate Brokers.
By Olga Labovich September 14, 2022
The National Association of Real Estate Brokers (NAREB) is a trade organization and network of Black real estate professionals known for promoting “democracy in housing” and advocating for public policies that “protect and expand sustainable homeownership.” The organization’s members, who go by the title of Realtist, are spread throughout chapters across the United States. NAREB’s Continue Reading The post What is the National Association of Real Estate Brokers (NAREB)? appeared first on National Association of Real Estate Brokers.
By Olga Labovich September 7, 2022
Organization Will Hold Elected Officials Accountable The National Association of Real Estate Brokers (NAREB) called on the White House and Congress to enact legislation aimed at increasing Black homeownership after provisions approved by the House were excluded from the Inflation Reduction Act, which Congress passed and was signed into law by President Biden. Rep. Maxine Continue Reading The post NAREB Calls on White House and Congress to Boost Black Homeownership and Close Wealth Gap appeared first on National Association of Real Estate Brokers.
By Olga Labovich August 2, 2022
Annual Convention Returns to Tampa Where Organization was Founded The National Association of Real Estate Brokers (NAREB) kicks off its national convention in Tampa this week, as the organization celebrates its 75th anniversary. Founded in 1947 with the goal of securing equal housing opportunities for all Americans, NAREB advocates for policies and practices that increase Continue Reading The post For 75 Years, NAREB Has Advocated for Black Homeownership appeared first on National Association of Real Estate Brokers.
More Posts
Share by: