In another striking sign of shifting generational preferences, the number of young college graduates is on the rise in central cities across the country — even in regions that are shrinking overall.
That’s according to a new report from City Observatory [PDF], which found the number of 25- to 34-year-olds with college degrees living within three miles of a downtown area has increased dramatically — 37 percent nationally — over roughly the last decade. America’s total population increased about 11 percent in the same period.
College-educated millennials are even more likely to live in central city areas than their Generation X predecessors. And the trendline is among 51 metro areas examined, just two — Detroit and Birmingham — saw a net loss in 25- to 34-year-old college grads living within three miles of downtown.
Interestingly, the total number of people living in America’s core cities remained roughly unchanged between 2000 and 2012, at about 9.4 million people. (There was, however, enormous variation by metro region.) The millennial generation is also a larger cohort than the Gen X group that came before them, and more likely to have a college degree, but that doesn’t fully explain the trend.
Clearly, shifting preferences are at work, says study author Joe Cortright. The number of young college graduates increased twice as fast in core cities as it did in American metro areas overall.