Young people have stopped moving to coastal cities—they'd rather live well in Riverside or Pittsburgh than be poor in New York or San Francisco.
The data back up the idea that there’s more nuance behind where young people choose to live than the simple draw of lucrative jobs. Bloomberg found that only 37 of the 50 biggest U.S. cities are affordable places for 18- to 34-year-olds to settle down:
Millennials do not earn half of what they would need to buy a home in cities like San Francisco, San Jose, and Los Angeles. Yet they’re not racing to the most affordable places they could live, either (Akron tops the list).
People in this age group are instead moving to places that fall somewhere in between the cheapest option available and the fanciest.
