Austin ranks as Texas’ top city attracting millennials, No. 9 in US
AUSTIN (KXAN) — A recent study found Austin was the top city in Texas attracting millennials.
SmartAsset, a financial technology company, said it ranked 271 of the largest U.S. cities based on the percentage of people between the ages of 25 and 44 who recently moved in.
The study found that over a year, 5.49 million millennials moved to large U.S. cities.
“Millennials are often in their prime earning years, and many have young families, which may significantly impact the communities they join and leave,” SmartAsset said.
In Austin, 10.69% of the population is represented by new millennial transplants, with 103,738 millennials moving in.
The study found 395,776 millennials were represented in the Central Texas city’s total population (1 year and older) of 970,338, with a relative population of 40.79%.
Other information SmartAsset found on millennials in Austin:
- Millennials moved in from the same county: 55,591
- Millennials moved in from a different county, same state: 21,403
- Millennials moved in from a different state: 19,890
- Millennials moved in from abroad: 6,854
While Austin ranked No. 1 in Texas, it was lower on the list when it came to U.S. cities. Nationally, Austin ranked No. 9 out of the 271 cities examined in the study.
According to the study, another Texas city was not listed until Houston, which was ranked at No. 51 nationally.
In Houston, SmartAsset found 176,819 millennials moved into the city, and the generation now represents 32.73% of the total population of the Southeast Texas city.