Move to a New City

Westward Bound

2017 Total Net Shipments by U.S. Region (Source: Urban Van Lines)

Oddly, there is something else remarkable about
this same section of the nation… there aren’t as
many robots living there…

How much does it cost to move?

The American Moving and Storage Association states that the average cost of an
interstate household move is about $4,300 (distance of 1,225 miles) and the
average cost of an intrastate move is about $2,300 (four movers at $200 per hour).
Both average moving costs are for 7,400 pounds. April 6, 2016.

While Americans seem to be staying put a bit
longer these days, 20 percent of millennials said they were
likely to move in 2016.

Millennials are less likely to move than prior generations of young adults
% of 25- to 35-year-olds who moved in the previous year

Note: The migration rate refers to the share living at a different address one year earlier
Source: Pew Research Center analysis of Current Population Survey, Annual Social and Economic Supplements (IPUMS).

PEW RESEARCH CENTER

Population growth rates for educated millennials, or those
age 25 to 34 with a bachelor’s degree or higher

Educated Millennials Population Growth Rates in the
33 Largest U.S. Metro Areas, 2010-15

Educated Millennials
Core City Population
Percentage Growth,
2010-15		 Educated Millennials Metro Area (excl. core city) Percentage Growth, 2010-15 Ratio of Core City Growth to Metro Area Growth, 2010-15
Chicago 15.27% 0.98% 15 .62
Austin 50.33% 5.59% 9.01
St. Louis 33.69% 3.97% 8 .49
Detroit 78.29% 10.88% 7.19
Riverside/San Bernardino 31.68% 4.42% 7.16
Las Vegas 23.32% 6.60% 3.53
Washington 31.15% 11.33% 2.75
Boston 38.25% 14.3 1% 2.67
Pittsburgh 48 .47% 20.94% 2.31
Columbus 30.47% 13.67% 2.23
Kansas City 20.73% 9.57% 2.17
Denver 43 .85% 21.14% 2.07
Atlanta 26.41% 13.11% 2.01
Orlando 53.03% 26.98% 1 .97
Cincinnati 13.50% 7.85% 1.72
Dallas 34.30% 20.21% 1.70
Phoenix 26.24% 15.70% 1.67
Miami 42 .51% 28.76% 1.48
New York 20.81% 14.19% 1.47
Baltimore 26.28% 17.98% 1.46
Seattle 38.82% 30.36% 1.28
Minneapolis/St. Paul 19.03% 14.9 1% 1.28
Cleveland 15.61% 12.96% 1.20
Philadelphia 38.26% 32.21% 1.19
Houston 32.25% 28.60% 1.13
Tampa/St. Petersburg 24.18% 23.32% 1.04
Los Angeles 19.80% 19.13% 1.03
San Diego 27.20% 27.49% 0.99
San Francisco/Oakland 24.79% 32.36% 0.77
Portland 24.18% 31.61% 0.76
Charlotte 29.11% 49.27% 0.59
San Antonio 11.27% 21.55% 0.52
Sacramento 9.66% 19.61% 0.49

Here’s what we take away from this:

Core cities are growing at a slightly stronger rate than outlying suburban areas.

Taken together, between 2010 and 2015 the core cities of the 33 largest metro areas added 1.09 persons for every one person added to the outlying suburban areas. Over that period, cities grew by 6.1 percent, while the metro areas with cities excluded grew 5.5 percent. New York City led the way here, adding 2.17 persons for every one person added to its suburban areas.

Core cities are attracting far more educated millennials than outlying suburban areas.

Nationally, the core cities of the 33 largest metro areas added 1.52 educated millennials for every one added to their surrounding suburbs. In all, core cities in 27 of 33 metro areas performed better than suburban areas in this regard. Chicago far outperformed all other core cities in gaining educated millennials, pulling in nearly 16 for every one added to the surrounding suburbs.

Chicago is a significant outlier in its attraction and concentration of educated millennials.

The Chicago numbers are worthy of closer inspection. At the metro level, as expected, Chicago has the third highest number of educated millennials, after New York and Los Angeles. However, between 2010 and 2015, that number grew only 7.2 percent, the lowest figure of the 33 metro areas examined. Furthermore, the number of educated millennials in outlying suburban areas grew less than 1 percent in the same period. But an interesting transition is taking place in Chicago. Despite the city representing about one-quarter of the metro area’s population, about half of educated millennials in the metro area are choosing to live in the city, and that number is rapidly rising.

Despite very slow growth or even negative growth in their metro areas, St. Louis, Detroit, Pittsburgh and Cleveland outperform their outlying suburban areas in their attraction and concentration of educated millennials.

Perhaps in part due to their collections of major research universities within their boundaries (Washington University, Wayne State, Carnegie Mellon and Case Western Reserve, among others), Rust Belt cities and metros that are still losing population are able to transform demographically through their attraction of educated millennials.

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