Millennials who are considering relocating to a new city might make a temporary -- or “vacation” move -- to the city in question before permanently putting down roots there. That’s a key takeaway from a new survey conducted by moving company Mayflower.
Findings from Mayflower’s poll of 1,000 Millennials revealed that two in five have moved to a new city without the intention of staying permanently. Upon arriving in their vacation city, 74% of respondents said they had a plan to leave within a certain timeframe.
"Millennials are a generation of what I call 'adventure movers,'” said Dr. Jeffrey Arnett, Research Professor in the Department of Psychology at Clark University. “Their motivations for moving are influenced by a sense of adventure, making these moves relatively short-term.”
Top reasons for moving
While 30% of respondents moved in search of a new lifestyle or experience, other “vacation movers” had more practical motives. The survey found that 40% moved to a new city to work at a new job and 26% moved to find a new job.
Twenty-somethings often feel that they have a great deal of freedom and instability, Arnett explained. “This flexibility allows millennials to make moves in search of new job opportunities or adventures, even if they don't plan to stay in the long run,” he said.
So, when do Millennials plan to firm up their plans and settle down? For 78% of Millennials surveyed, age 35 was the magic number. But one in four (27%) said they plan to have a permanent home before age 30.
Where Millennials are moving
Additional findings from the study suggested that where Millennials move could be based on where they were raised.
Young adults who grew up in urban areas tend to fly farther from the nest than their small town-bred counterparts. Thirty-one percent of Millennials raised in urban areas moved 200 to 499 miles from their last home; only 14% of rurally-raised Millennials ventured as far.
Major metropolitan areas continue to attract Millennials. The survey revealed that 69% of respondents were currently residing in a city or an inner suburb near the city. Top moving destinations for the demographic were San Francisco, Calif., followed closely by Los Angeles, Calif., and Washington, D.C.