Top 25 Best Cities for Millennials to Live

For financial advisors looking for hotbeds of up-and-coming clients, check out these rankings from Niche Local

Niche ranked the top metro areas for millennials using various factors, including cities with top-notch cultural attractions, educated populace and median income. Niche ranked the top metro areas for millennials using various factors, including cities with top-notch cultural attractions, educated populace and median income.

American men and women born between 1980 and 1999 — the millennials — are attracting attention on many fronts today.

For financial advisors, courting millennial investors is a key challenge, so it’s helpful to know where to find them: not just where the largest millennial populations live, but where to find high concentrations of future investors and clients.

Niche, a site for comparing places, K-12 schools and colleges, on Monday announced the 25 best U.S. cities, and neighborhoods within those cities, for young people to live.

“Niche has a longstanding relationship with millennials,” Luke Skurman, the firm’s founder and chief executive, said in a statement. “Since 2002, we’ve helped millions of young people choose their college.”

Now, Skurman said, it is helping them find a place to live with Niche Local, its new guide to cities, towns and neighborhoods.

Niche ranked the top metro areas in the U.S. using various factors, including data from the U.S. Census, FBI crime rates and data from Niche’s proprietary college rankings, including stats on cultural attractions and nightlife. A city was also ranked higher if a larger percentage of the population had a bachelor’s degree or higher, the median income was higher and the unemployment rate was lower — all factors pointing to a more financially successful population.

Following are Niche’s top 25 cities and their most desirable neighborhoods for millennials. All statistics listed are related to the metro areas.

Atlanta skyline

25. Atlanta

Best Neighborhood: Ardmore

Percentage Age 25–34: 14%

Median Rent: $937

Median Income: $29,863

Crime Score: High

Representative College: Georgia Tech

24. Orlando

Best Neighborhood: Lake Eola Heights

Percentage Age 25–34: 14%

Median Rent: $1,018

Median Income: $25,330

Crime Score: Above Average

Representative College: University of Central Florida

Richmond, Va.

23. Richmond

Best Neighborhood: Shockoe Bottom

Percentage Age 25–34: 13%

Median Rent: $921

Median Income: $30,324

Crime Score: Below Average

Representative College: Virginia Commonwealth University

 

22. Indianapolis

Best Neighborhood: Fishers (Town)

Percentage Age 25–34: 14%

Median Rent: $763

Median Income: $28,664

Crime Score: Average

Representative College: IUPUI

Houston

21. Houston

Best Neighborhood: Midtown

Percentage Age 25–34: 15%

Median Rent: $860

Median Income: $28,306

Crime Score: Average

Representative College: University of Houston

 

20. Salt Lake City

Best Neighborhood: East Central

Percentage Age 25–34: 17%

Median Rent: $852

Median Income: $27,561

Crime Score: Above Average

Representative College: University of Utah

New Orleans trolley

19. New Orleans

Best Neighborhood: Lower Garden District

Percentage Age 25–34: 13%

Median Rent: $913

Median Income: $25,297

Crime Score: Below Average

Representative College: Tulane University y

 

18. Charlotte

Best Neighborhood: Third Ward

Percentage Age 25–34: 14%

Median Rent: $818

Median Income: $28,494

Crime Score: Below Average

Representative College: University of North Carolina at Charlotte

Hollywood sign in LA

17. Los Angeles

Best Neighborhood: Palms

Percentage Age 25–34: 14%

Median Rent: $1,218

Median Income: $26,482

Crime Score: Low

Representative College: University of Southern California

 

16. Phoenix

Best Neighborhood: Tempe (City)

Percentage Age 25–34: 14%

Median Rent: $934

Median Income: $29,139

Crime Score: Below Average

Representative College: Arizona State University

Pittsburgh

15. Pittsburgh

Best Neighborhood: Shadyside

Percentage Age 25–34: 11%

Median Rent: $672

Median Income: $25,520

Crime Score: Below Average

Representative College: University of Pittsburgh

 

14. Columbus

Best Neighborhood: Victorian Village

Percentage Age 25–34: 14%

Median Rent: $777

Median Income: $28,977

Crime Score: Average

Representative College: Ohio State University

Seattle Space Needle

13. Seattle

Best Neighborhood: Eastlake

Percentage Age 25–34: 15%

Median Rent: $1,033

Median Income: $34,199

Crime Score: Average

Representative College: University of Washington

 

12. Raleigh

Best Neighborhood: Morrisville (Town)

Percentage Age 25–34: 14%

Median Rent: $855

Median Income: $31,899

Crime Score: Low

Representative College: North Carolina State University

San Jose City Hall

11. San Jose

Best Neighborhood: Old Mountain View

Percentage Age 25–34: 15%

Median Rent: $1,454

Median Income: $37,484

Crime Score: Low

Representative College: San Jose State University

 

10. San Diego

Best Neighborhood: Little Italy

Percentage Age 25–34: 15%

Median Rent: $1,261

Median Income: $30,196

Crime Score: Low

Representative College: University of San Diego

Minneapolis

9. Minneapolis-St. Paul

Best Neighborhood: North Loop

Percentage Age 25–34: 14%

Median Rent: $864

Median Income: $33,511

Crime Score: Average

Representative College: University of Minnesota

 

8. Dallas-Fort Worth

Best Neighborhood: Oak Lawn

Percentage Age 25–34: 15%

Median Rent: $874

Median Income: $29,830

Crime Score: Below Average

Representative College: Southern Methodist University

Denver

7. Denver

Best Neighborhood: Speer

Percentage Age 25–34: 15%

Median Rent: $902

Median Income: $32,422

Crime Score: Below Average

Representative College: University of Denver

 

6. Boston

Best Neighborhood: Spring Hill (Somerville)

Percentage Age 25–34: 13%

Median Rent: $1,163

Median Income: $33,659

Crime Score: Below Average

Representative College: Boston University

Lombard St. in San Francisco

5. San Francisco

Best Neighborhood: Cow Hollow

Percentage Age 25–34: 15%

Median Rent: $1,344

Median Income: $36,119

Crime Score: Average

Representative College: University of San Francisco

 

4. Chicago

Best Neighborhood: Wicker Park

Percentage Age 25–34: 14%

Median Rent: $931

Median Income: $30,061

Crime Score: Average

Representative College: DePaul University

Arlington, Va., from Washington

3. Washington

Best Neighborhood: Clarendon (Arlington, Va., pictured above)

Percentage Age 25–34: 15%

Median Rent: $1,353

Median Income: $42,226

Crime Score: Average

Representative College: Georgetown University

 

2. Austin

Best Neighborhood: South River City

Percentage Age 25–34: 17%

Median Rent: $936

Median Income: $30,816

Crime Score: Below Average

Representative College: University of Texas – Austin

Brooklyn Bridge with Manhattan in background

1. New York City

Best Neighborhood: Greenpoint (Brooklyn)

Percentage Age 25–34: 14%

Median Rent: $1,157

Median Income: $31,703

Crime Score: Low

Representative College: New York University

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