Study: Millennials shouldn't move to Denver

Posted at 4:28 PM, Sep 14, 2017
and last updated 2017-09-15 02:54:22-04

DENVER -- A recent study is suggesting millennials will be better off if they cross the Mile High City off their list of potential places to live.

Apartment List released Thursday its report card on the top U.S. Metros for Millennials and Denver failed to make the grade because of the area's lack of affordable housing options. 

Denver’s median monthly rent of $1,480 and the fact that only 48 percent of the population can afford a home makes the city undesirable for the coveted age group, according to the real-estate site.

But, despite Denver’s high rents and out-of-reach real estate market, the city is attracting millennials like never before. Denver’s strong job market has made it among the most popular moving destinations for people between the ages 18 and 34, according to the moving company Mayflower.

Apartment List gave three cities -- Pittsburgh, Provo, and Madison -- its highest grade (A+) for their offering of affordable options for millennials, in addition to strong job markets and plentiful entertainment options.

San Antonio, Columbus, Charleston, Omaha, Oklahoma City, Houston and Minneapolis rounded out the top 10 Top U.S. Metros for Millennials.