The Daily Tar Heel

Serving the students and the University community since 1893

Sunday March 26th

Where are the most millennials moving to in North Carolina? Not far from UNC

<p>Raleigh invested over $200,000 in the design of a new logo to unify the city’s brand image.</p>
Buy Photos

Raleigh invested over $200,000 in the design of a new logo to unify the city’s brand image.

TIME Magazine included Raleigh and Charlotte in a 2017 list of the top 25 cities where millennials — individuals currently aged 25-to 34-years-old — are moving, both ranking higher than New York City and Washington, D.C.

The data TIME collected shows that Raleigh — ranked 16th — experienced a 4.2 percent increase between 2010 and 2015 in the population of millennials, coming out to an increase of 677 individuals, while Charlotte — ranked 18th in combination with nearby Concord and Gastonia — experienced a 4 percent increase during the same time in this population, coming out to an increase of 1,372 individuals.

The top ranked urban area in the list was Virginia Beach-Norfolk-Newport News VA-NC, which had a 16.4 percent increase in its millennial population, coming to 7,034 individuals moving to the area between 2010 and 2015.

New York City, which was combined with Newark, New Jersey and Jersey City only experienced a 2.5 percent increase in its millennial population. New Jersey as an urban area to rank 25th on the list. However, it had the highest numerical increase of millennials at 29,774 individuals moving to the city — almost double the next two highest numerical values, with ninth-ranked Boston’s urban area seeing an increase of 15,549 and 11th-ranked Philadelphia’s urban area seeing an increase of 14,383.

The majority of urban areas in the study experienced some level of increase during this time period, but some urban areas did experience some level of a decrease, with the biggest numbers coming from Milwaukee, Wisconsin at negative 1.8 percent and Louisville, Kentucky at negative 1.3 percent.

Other urban areas that experienced decreases were Orlando, Florida at negative 0.3 percent, Cleveland with negative 0.2 percent, the Kansas City, MO-KS metropolitan area at negative 0.2 percent and San Jose, California with negative 0.2 percent.

All the cities that experienced a decrease were relatively near an urban area that was experiencing a growth during the period, typically within in the same state or in a bordering state.

UNC Career Services' Undergraduate First Destination Report, which annually surveys May graduates, collects data from March of students' spring semester to the December after their graduation.

The most recent available survey data was on UNC's Class of 2016. Out of that class, 83 percent of the entering first-years were in-state students. After graduation, 58 percent of the class stayed in North Carolina. The next three regions were the Northeast at 8 percent, the Mid-Atlantic at 8 percent and the Southeast at 7 percent.

Jessica Stanford, a demographic analyst at UNC Carolina Demography, said there are strong economies in both regions, and the cost of living is less than in northern cities for millennials.

Stanford said the presence of the Research Triangle Park in and around Raleigh and the continuous growth in Charlotte represent appealing factors for millennials. She said the future for students holds many opportunities.

“They are graduating in an area that is abundant with jobs, and if they wanted to stay in the area that they graduated in, they certainly could,” she said. “The biggest takeaway is the healthy job market.”


To get the day's news and headlines in your inbox each morning, sign up for our email newsletters.


The Daily Tar Heel's 2023 Black History Month Edition

Special Print Edition

Games & Horoscopes

Print Edition Games Archive