Marcus Hiles Discusses Factors Bringing Millennials Into Austin

Marcus Hiles Discusses Factors Bringing Millennials Into Austin

Marcus Hiles indicated that a common trait among the cities to make the list was the availability of major employers in fast growing sectors like technology and healthcare along with a higher than average young adult population. For example, in a new study from personal finance website NerdWallet, Austin, TX was rated as the top city in the nation for high paying jobs and affordability. Thousands of jobs provided by Dell, Apple and IBM combine with the eclectic nightlife and live music scene, and have caused young professionals from around the country to flock to Austin. They are seeking rentals at affordable rates. “Affordability is a key part of why millenials are deciding to move to the Midwest, as opposed to job centers on the East or West coast,” Chief Economist of Realtor.com Jonathan Smoke told Construction Dive in November. “There is a huge disparity in how many dollars are needed to get a home in Des Moines versus San Francisco”.

Read more: http://markets.financialcontent.com/mi.adn/news/read/33671432/Marcus_Hiles_