GRAND RAPIDS, Mich. (GRBJ) - Grand Rapids is a millennial magnet.
Grand Rapids is the No. 2 market in terms of recent "millennial movers," according to the "Most Popular Areas for Millennials: Where They Move and Stay," a report by the National Association of Realtors or NAR.
NAR estimates, within the last year, millennials made up 73% of movers to Grand Rapids. Comparatively, the category's top market is Madison, Wisconsin at 75%.
Millennials tend to reside in and move to locations where employment is strong, the report says. In the majority of the top 10 metros, the average unemployment rate was 3.6%.
The Grand Rapids-Wyoming metropolitan area had an unemployment rate of 2.6% and an employment growth rate of 2.2% over last year.
Top 10 markets based on "millennial movers"
1. Madison, Wisconsin – 75%
2. Grand Rapids-Wyoming – 73%
3. Seattle-Tacoma-Bellevue, Washington – 70%
4. Durham-Chapel Hill, North Carolina – 68%
5. Omaha, Nebraska-Council Bluffs, Iowa – 67%
6. Bakersfield, California – 67%
7. El Paso, Texas – 65%
8. Denver-Aurora-Lakewood, Colorado – 65%
9. Oklahoma City – 61%
10. Salt Lake City – 61%
To read the full article, visit GRBJ.com or pick up a copy on news stands throughout Grand Rapids.
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