Millennials are voting on Detroit for their futures
Anyone walking the streets of Downtown, Midtown or Greek Town in Detroit, experiences the new energy, drive and determination of a city finding its New Brand. Urban Chique abounds with a vibrancy all its own and clearly Detroit-Style. But where does this “new energy” come from? Detroit has been the destination spot for many college graduates, which is at least in part, some of the new energy felt in the city.
Many suburbanite parents report that their college educated upper class off-spring can often be found roaming, exploring and setting down roots with the Detroit City borders. Over the past 7-10 years this is been a trend. The new reports are out and Detroit is one of the top destination points for relocation for millennials around the country.
According to a LinkedIn study conducted by writer Rachel Bowley, who researched and found five “surprising cities rapidly attracting millennial job-seekers.” Detroit is on the list, along with Austin, Texas; Raleigh-Durham, N.C.; Cleveland/Akron, Ohio; and Charlotte, N.C., as the cities with the highest annual growth in job interest among millennials.
Though larger cities such as New York City, Washington and Los Angeles still seem to attract the most millennials, it’s actually mid-size cities that are growing most rapidly among our youngest generation of adults, Bowley said.
“Over the past year, interest in mid-size cities among millennials has grown 25 percent faster than in large cities,” Bowley wrote.
Not that any of this should come as a surprise, but LinkedIn finds that the most popular Detroit industries are automotive, IT and services, and marketing and advertising. The most popular companies: General Motors, Ford and Quicken Loans.
LinkedIn lists about 39,700 job openings in the Greater Detroit Area.
“While these cities are seeing the biggest spike in job seeking among millennials, these aren’t the top cities where millennials have been moving to… yet,” Bowley wrote. “Over the past year we’ve seen the millennial population grow most rapidly in Seattle, Portland and Denver. Notably, these Pacific Northwest cities have also seen the biggest increase in housing prices across the U.S, which may be why we’re seeing millennials favor these other cities now.”