High housing costs may be stretching them financially, but millennials haven’t lost their affection for Denver, according to a new index from Meyers Research.
Denver ranked sixth on the Meyers Millennial Desirability Index, behind Dallas, Houston, Austin, Phoenix and Orlando.
What those metros share in common are home prices substantially below Denver’s. The median home value in Denver is $427,300, while in Dallas it is only $214,900, according to Zillow.
But the Mile High City is strong enough in other areas to keep young adults swiping right and not left.
It continues to provide a good selection of high-paying jobs and millennials still rank it highly for the availability of activities, lower crime and reasonable commutes, said Ali Wolf, director of economic research at Meyers.
“I don’t think we should discount the intangible lifestyle component, including both outdoor activities but also the high concentration of like-minded, similar-aged individuals,” she said.
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Wolf said Denver was the top place that millennials in other locations seriously considered moving to in her survey. And while home prices are no longer a steal, she said it is all about perspective.
Denver is a stretch for those coming from the Midwest, Southeast or elsewhere in the Rocky Mountain region, but it is a bargain for those coming from the Northeast or the Pacific Coast.
