Millennials make up nearly 22% of America’s population. This makes their well-being important not only for themselves, but also for the broader US economy.
And, as opportunities and challenges vary greatly across the country, a new report ranked the country’s top metros for Millennials after analyzing 105 metro areas with more than 500,000 residents, evaluating them based on seven key indicators specific to Millennials, such as population growth; demographic share; income levels; access to employer-based health insurance; as well as metro-specific factors, like cost of living and unemployment rate.
Here are some of the key highlights related to Charlotte include:
Charlotte placed 25th among the country’s best metros for Millennials with a total of 61.8 points while ranking 9th regionally.
- Charlotte ranked 4th among the regional top 10 in terms of cost of living with a value of 96.9 for this metric.
- The metro earned 5th place among the regional top 10 for its average Millennial household income of $107.126 per year.
- At a state level, North Carolina had 5 entries among the 100 best metro areas for Millennials: Raleigh at #3, Asheville at #55, Winston at #90 and Greensboro at #93.
- At a regional level, a total of 7 Southern metro areas ranked among the country’s best places for Millennials.
