We all know how expensive it is to live in our area but, millennials seem to be okay with that according to this recent study from RealtyTrac which shows the millennials are moving to places with more opportunity like Alexandria, Virginia and Arlington.
The millennial generation is generally moving from lower-priced to higher-priced markets for both buying and renting, with the tradeoff being more jobs (lower unemployment) and higher median incomes in the markets they are moving to. The top two counties for percentage increase in millennials between 2007 and 2013 were in the DC metro area — Arlington County, Va., which saw an increase of millennials of 82 percent and Alexandria City, Va., which saw and increase of 81 percent. Not surprisingly both counties have a favorable unemployment rate of 3.2 percent and 3.6 percent respectively, well below the national average.
Read more at this link. Here is the chart on this study.