Other big metro areas like San Francisco and Washington, DC, are also millennial hotspots, but so, too, are more up-and-coming cities like Raleigh, North Carolina, and Louisville, Kentucky, both of which are more popular than DC and New York., which ranked the biggest boomtowns in America for millennials.
Using data from the US Census, MagnifyMoney looked at growth in the 50 largest metropolitan areas between 2011 and 2016 for four metrics: population, labor force, employment, and median wages. The first three metrics were analyzed based on people aged 20-29, while the fourth was based on those born between 1981 and 1991.
Each category was scored relative to other metros, looking at positive and negative changes in the area. The biggest positive change scored a 100, with the exception of unemployment rate, which was reversed. To calculate the final score, the metric scores were added up and divided by four. See below for the 25 biggest millennial boomtowns that have seen higher wages, a decrease in unemployment, and a growing millennial population.Increase in median wages:
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