Huntsville cost of living and employment drive millennial population growth
With Millennials making up 22 percent of the U.S. population, their day-to-day well being is a good sample of our health as a nation.
CommericalCafe’s study of top U.S. millennial metros show that Millennials continue to flock to Huntsville for its cost of living, employment opportunities
At a national level, Huntsville ranked 4th among the top 20 in terms of cost of living and third for lowest rate of unemployment, sitting at 2.6 percent. Huntsville also saw a 10 percent jump in its percent of Millennial residents between 2018 and 2022, placing it in third.
In the south, Huntsville ranked 2nd among the regional top 10 for its rise in residents from this age group among the metro’s overall population from 2018 through 2022. The metro came 2nd among the regional top 10 in terms of cost of living.
In the South, Huntsville was outranked only by Austin, TX and Raleigh, NC.
Nationally, Austin, TX; San Jose, CA; Raleigh, NC; and Harrisburg, PA take the lead, respectively.
Interestingly, the South held seven of the top twenty metros, showing a a good balance between income and cost of living in the region as a whole.