Austin Is Nation's 2nd Best City For Millennials: Report

AUSTIN, TX — Austin is the nation's second best city for millennials, according to a new study.

The appeal of Austin to members of the generation of people born in the 1980s and 1990s can be seen in the numbers, with statistics of their influx illustrating a robust migration from other parts of the country. Construction of housing across the city yields further evidence of their presence in the capital city.

A new study by COMMERCIALCafé makes it somewhat official, ranking the city in the top 10 metros for millennials to live and work. Basing its study on U.S. Census data, researchers ranked the metros based on seven indicators, including millennial population growth; regional price parity; millennial unemployment rate; percentage of millennials with employer-based health insurance; and commuting time.

Given that reckoning, here's how Austin emerged:

• The Austin metro area snatched the 2nd place in our top 10, with a total of 74.6 points.

• It performed particularly well for its millennial population growth (11%) and the proportion of millennials from the overall number of residents (17 percent).
• Moreover, 67 percent of millennials working in the Austin area have employer-based insurance and the mean commute time here is 27 minutes.
• Overall, Denver came in first, while the 3rd and 4th spots were claimed by Raleigh and Seattle.

Read the full study and have a look at the complete methodology by clicking here.

Overall, Denver came in first place as the best spot for the youthful demographic.

Graphic courtesy of COMMERCIALCafé.