Major Colorado city has ‘lost its shine’ with Millennials, while another remains quite popular

A recent report published by moveBuddha sought to determine which spots around the country were the most popular places for Millennial to consider for relocation.

In order to make their calculation, the company utilized search data to determine movement trends based on what information potential movers are searching for, considering the 67 urban areas around the country with above-average millennial populations (average is 21.71%) for inclusion in their final report.

Colorado Springs ended up being one spot where Millennials are still looking to move to at a high rate, with a move-in to move-out ratio of 1.21 – in other words, for every one Millennial that’s thinking about leaving, 1.21 are considering moving into town. Currently, the city’s population consists of 23 percent Millennials.

The two other Colorado cities that were addressed in the report saw Millennial interest in moving to the city on decline.

In Castle Rock, more Millennials were reported to be looking to leave the city than were looking to move there, with a move-in to move-out ratio of 0.87. Castle Rock also has a current Millennial population of 23 percent.

Meanwhile, Denver’s still saw more Millennials looking to move in – barely, with a move-in to move-out ratio of 1.05. Denver’s Millennial population is the highest among Colorado spots in the report, at 25.23 percent. The publication put Denver in the same category of Austin though, as US two places that were once trendy with Millennial movers but have since “lost their shine.” Austin’s move-in to move-out ratio was comparable to Denver at 1.03.

The southeastern region of the United States has become the most popular spot for Millennial movers, with California falling on the opposite end of that spectrum. Asheville was home to the highest ‘move-to’ interest nationwide, with a move-in to move-out ratio of 2.05 – the only spot where that ratio is above 2.

As this data relates to Colorado, it’s also worth noting that nearby Cheyenne, Wyoming had some of the highest appeal for Millennial movers, with a move-in to move-out ratio of 1.63 percent.

In general, the easiest way to explain some of these trends is likely by looking at local housing costs. Millennials seem to be leaving places where housing prices are above the national average.

Explore the data here.

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FILE PHOTO: Denver skyline. (Photo Credit: Page Light Studios (iStock)) (Page Light Studios/iStock.com)
FILE PHOTO: Denver skyline. (Photo Credit: Page Light Studios (iStock)) (Page Light Studios/iStock.com)

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