Salt Lake City, a city, surrounded by grand mountains and endless recreational opportunities has been gaining attention as a hub for Millennials. Salt Lake City was recently named one of the best cities for Millennials to live and work!
Homes.com recently published a study that ranked the 50 largest metropolitan areas in the United States according to how they met the needs of three generations: Baby Boomers (ages 55 to 74), members of Generation X (ages 35 to 54), and Millennials (ages 20 to 34).
Looking at data specific to each generation, Homes.com focused on criteria that met the needs of each particular generation. For Millennials, median home price, number of entry-level jobs, and the population share of this age group were the criterion for ranking the best and worst cities. Cities that had lower median house prices and more entry-level jobs available were named the best for this generation.
The Millennial population in Salt Lake City is one of the highest in the country, at 32%. For every 100,000 people, there are over 422 jobs for Millennials to obtain. The median home price is at $322,000, which is the third highest in the top ten best cities.
Interested in moving to Salt Lake City?
Another study completed by RentCafe has shown the migration of Millennials from suburbs to urban areas. The study looked at zip codes and population of Millennials. The Salt Lake City zip codes with the highest percentage of Millennials include Central City, Granary District, Central Ninth, Ballpark, and Liberty Park.
These neighborhoods provide Millennials more access to everyday needs, restaurants, public transit, and events. The City’s Sustainability Communications Manager, Sophia Nicholas says, “Our millennials realize that living downtown is a fantastic choice if you’re seeking to reduce your impact on the planet: It’s easier to have a lower environmental footprint when you’re living in denser communities. It’s easier, cheaper, and cleaner to use public transportation and to live close to where you work. Multi-family dwellings have lower resource requirements; and there are many local food options—from downtown community gardens to the year-round local farmers’ market.”
If Salt Lake City sounds like your next adventure, make sure to stop by Work Hive for a tour of our space. Our workspace straightforward and it’s simple to get started. It only takes one minute to schedule a tour, two minutes to sign up for a membership, and three minutes to see the space and pick your seat. Come see our new productive workspace and join us as you build something for yourself.