Raleigh, Charlotte among top 15 millennial boomtowns

The Triangle has become one of the go-to places for people looking to improve their lives, whether it be because of ample job opportunity, ability to raise a family or home affordability, people are flocking in search of prosperity.

MagnifyMoney recently released its list of America’s top boomtowns, with Raleigh, Charlotte and Durham breaking the top 20. The study ranked cities based on industry growth, population and housing changes, and workforce opportunities.

As a follow-up study, the financial product comparison site released another list, ranking the biggest boomtowns for millennials using those same metrics.

Although North Carolina had less of a presence on the list, two cities in the Tar Heel State broke the top 15.

Raleigh came in sixth on the list, receiving a total score of 69.8 out of a possible 100, and Charlotte ranked 12th, with a total score of 56.3.

From 2011-2016, the five-year period for the study, Raleigh’s millennial population increased by 12.7 percent. The City of Oaks’ millennial workforce grew by 23.6 percent to 151,298 workers, the fourth largest increase in the country during the period. Raleigh’s unemployment rate fell from 10 percent to 6.1 percent, a 39 percent decrease, while the median annual salary rose 22.7 percent to $31,235.
Also, A recent study indicates that North Carolina is one of the go-to states to try and achieve the American dream. Raleigh – 3rd, Charlotte – 13th, and Durham – 16th, are among the top 100 boomtowns in America, according to Magnify Money, and some of the most attractive places for businesses and workers.
It’s no surprise that people are flocking to North Carolina’s capital. Raleigh is consistently touted as one of the best places for jobsbusinesses and to live.
By , Triangle Business Journal
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