Why millennial are choosing to flock to these 11 cities

New York is so yesterday with millennials. Rent is too high and job competition is too fierce, instead, they’re saving money and flocking to these 11 cities.

Business Insider crunched the numbers with data from real estate and personal finance companies SmartAsset and RCLCO. The city that gained more millennials than any other West Coast City in 2015 is New Orleans, LA.

One of the fastest-growing cities for millennials based on research from the Urban Land Institute is Austin, TX. The millennial population grew 6.6% in 5 years. The university and SXSW festival certainly help. Around 7,500 more millennials moved to Oakland, CA in 2015 than left the city.

Here’s the full list of 11 cities with booming millennial populations: 

  1. Charlotte, NC
  2. Seattle, WA
  3. Oakland, CA
  4. Norfolk-Virginia Beach, VA 
  5. Fargo, ND
  6. New orleans, LA
  7. Memphis, TN
  8. Austin, TX
  9. Pittsburgh, PA
  10. Athens, OH
  11. Owensboro, KY 

RELATED: 11 US cities millennials love

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11 US cities millennials love

Charlotte, North Carolina

The millennial population of Charlotte, the biggest city in North Carolina, grew by nearly 11,000 in 2015, the latest year for which there is data.

Photo credit: Getty

Seattle, Washington

Seattle gained more millennials than any other city on the west coast, adding about 10,000 to its population in 2015. 

Photo credit: Getty

Oakland, California

About 7,500 more millennials moved to Oakland in 2015 than left the city, according to SmartAsset

Photo credit: Getty

Norfolk-Virginia Beach, Virginia

The Norfolk-Virginia Beach metropolitan area saw the largest uptick as a percentage of its population. The area's metropolitan population grew by 16% from 2010 to 2015, according to RCLCO.

The region has worked hard to attract younger people, revamping city centers, developing new restaurants and launching a light rail in Norfolk in 2011. 

Photo credit: Getty

Fargo, North Dakota

Believe it or not, chilly Fargo, North Dakota, saw a surprisingly large boost to its millennial population, adding 5,000 in 2015. 

Photo credit: Getty

New Orleans, Louisiana

New Orleans' millennial population grew by more than 5,000 people from 2010 to 2015, an increase of 8.5%, according to RCLCO

Photo credit: Getty

Memphis, Tennessee

The population of millennials shot up 9.5% in Memphis between 2010 and 2015, according to RCLCO

Photo credit: Getty

Austin, Texas

Long considered a cultural hub for young people, Austin's millennial population continues to grow, rising 6.6% in five years, according to RCLCO.  

Photo credit: Getty

Pittsburgh, Pennsylvania

Pittsburgh's millennial population is growing at the same rate as Austin's, at 6.6% from 2010 to 2015. 

Photo credit: AOL 

Athens, Ohio

There are only six towns in America where millennials make up more than half of the homebuyers.

Athens, Ohio, home to Ohio University, is one of them, with millennials closing 59% of mortgages there, according to mortgage data firm Ellie Mae

Photo credit: Getty

Owensboro, Kentucky.

Owensboro, Kentucky, may be another surprising entry on this list, but according to Ellie Mae, in 2015, millennials made up 48% of homebuyers in this riverside town of 60,000.

Owensboro is within a few hours driving of Nashville, Louisville, and St. Louis, perhaps adding to its appeal. 

Photo credit: Getty

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