New census data shows that young adults, ages 25-29, are moving out of state across that nation at the fastest rate since the height of the housing boom in 2005, and had the largest jump in 13 years, according to an Associated Press article. Tired of living with their parents, they are testing the growing economy by moving out of state in search of jobs in urban areas like Washingoton, DC, Denver and Austin.
The article also notes that this group values living in the metro areas to such a degree that they are demanding “micro” apartments of 300 square feet or less, just so they can be close to jobs and other amenities. According to the article, ‘”Footloose young singles are forming the leading edge of the coming migration wave,” said William H. Frey, a Brookings Institution demographer who reviewed the numbers. He attributed the recent jump in mobility to pent-up demand among young adults who now are ready to “move on a dime” to land a job opportunity.’