31% of young adults relocated during Covid. But they aren’t giving up on cities altogether
Gen Z and millennials were most likely to relocate during the Covid-19 pandemic.
A pandemic migration has been underway, at least for young adults ages 18 to 31.
That’s according to a Bankrate.com survey that found 31% of people in that age cohort relocated either permanently or for an extended period of time during the Covid pandemic. That’s compared with 16% of adults overall.
Gen Z — who range from ages 18 to 24 — were most likely to pick up stakes, with 32% relocating. That was followed by millennials — ages 25 to 40 — at 26%.
Members of Gen X — ages 41 to 56 — and baby boomers — ages 57 to 75 — were least likely to relocate, with 10% and 5% having made moves, respectively.
The main reason people relocated was to be closer to friends and family, which was cited by 31% of respondents. That was followed by more affordable living, with 27%, or relocating for a job, 21%.
Others were motivated by opportunities for more space, 18%; different climates, 17%; or the ability to work from anywhere, 17%.
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Suraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.
