Buying a house is a monumental decision. Between budgeting, financing, looking at real-estate listings, and getting homeowners insurance quotes, you may be feeling overwhelmed.
If you’re a Millennial, a member of the most educated, yet most underpaid, generation, you’ve grown up and watched the explosion of technology, but still remember playing outside. You have an income, a partner, and are beginning to really think about settling down. While your bachelor/bachelorette pad in an inexpensive part of town may be fine for now, you really want a place to put down roots; you just aren’t sure where.
Lucky for you, there are tons of options. Check out a few of the best cities for Millennials to settle down in below:
Chicago, Illinois(Goose Island, Art, and more)
Chicago has a bad reputation. While choice south and west sides are unfortunately plagued with high crime rates, the majority of the greater Chicago area is a great, affordable place to raise a family. The average age of a Chicago resident is 34.2, the upper end of the Millennial population, but the city is teems with more college graduates each year. With 580 parks and over 8,100 acres of green space, there will be plenty of space for your children to play around. With such a rich museum culture and diverse population, your children will learn about all types of people and communities as they grow.
The capital city of Colorado, Denver is a bustling Millennial mecca. Brewing more beer than any other city in the United States, the Mile High City is the perfect place to pursue your dream of becoming a brewmaster. Denver also takes in more money for the arts per capita than any other U.S. city, meaning your children will grow up surrounded by a culture that values art like others do technology. With 21 percent of its residents falling between the ages of 25-34 and an average age of 34.1, you will be sure to find a community with which you and your family can grow.
Home to Harvard University, the most prestigious higher-education institution in the United States, this is the most educated city on our list, with about 75 percent of its residents holding at least a bachelors degree. With a median age of 30.2, the city has a large Millennial population, which will make you feel right at home.
Ann Arbor, Michigan
Home to the University of Michigan and a median age of 27.7, Ann Arbor has the youngest population on our list. Aligning with the values of many Millennials, Ann Arbor is also one of the most environmentally friendly cities, having been recognized by the Environmental Protection Agency in 1998 as a “Recycling Pioneer.” Being a college town, Ann Arbor is a great place to grow in many industries from film to automotive engineering. Not to mention, Ann Arbor is the 10th-best city for education in the United States, according to Parenting magazine.
With an average age of 35.5, the population of Seattle falls on the upper end of the Millennial generation, so it’s great for those who have spent more time devoted to their careers. With companies like Amazon, Microsoft, Starbucks, Nordstrom, and more headquartered here, the opportunity for career advancement is remarkable. Plus, many of these large corporations have excellent benefits for employees and their families because they want them to stay. Also, some of the best elementary schools in Washington are located in the Seattle/Bellevue metropolitan area, according to Niche.com, an online ranking and review site formerly known as College Prowler.
Regardless of where you settle down and buy a home, make sure you’re protected. Compare homeowners insurance quotes today with CoverHound.