- 16 Nov 2023 04:23
#15295495
A big swath of the younger generation in the U.S. is struggling to be able to afford the cost of housing in the cities. The statistics show that a large number of them are moving to more rural regions where the cost of housing is lower. Unfortunately there may be less good job opportunities in these areas.
The U.S. is becoming overcrowded, and just like in older times, people are venturing out and away to less populated areas with more open land.
Although a lot of the remaining lower population areas have a less pleasant climate.
In 2021, Generation Z made up the biggest percentages of people moving to South Dakota (16 percent), North Dakota (15 percent), Idaho (15 percent), Iowa (14 percent) and Kansas (14 percent).
When looking to settle down and buy a home, the new generation of young adults was most interested in taking out mortgages in Salt Lake City (22.6 percent), followed by Oklahoma City (22.36 percent) and Birmingham, Alabama (20.8 percent), according to data gathered by LendingTree. "Gen Z-ers are increasingly drawn to simpler living in their housing choices," Emilia Mann, a senior analyst at StorageCafe, told Insider. "Unlike millennials, who often gravitate to DC, Washington state and the Chicago area in Illinois , Gen Z-ers tend to favor states with lower population density, from the mountainous terrains of Montana and Idaho to the plains of Kansas and Nebraska."
Gen Z-ers are moving to mountains seeking 'simpler living' and lower housing costs, Falyn Stempler, Daily Express US, 11-15-2023
The U.S. is becoming overcrowded, and just like in older times, people are venturing out and away to less populated areas with more open land.
Although a lot of the remaining lower population areas have a less pleasant climate.
In 2021, Generation Z made up the biggest percentages of people moving to South Dakota (16 percent), North Dakota (15 percent), Idaho (15 percent), Iowa (14 percent) and Kansas (14 percent).
When looking to settle down and buy a home, the new generation of young adults was most interested in taking out mortgages in Salt Lake City (22.6 percent), followed by Oklahoma City (22.36 percent) and Birmingham, Alabama (20.8 percent), according to data gathered by LendingTree. "Gen Z-ers are increasingly drawn to simpler living in their housing choices," Emilia Mann, a senior analyst at StorageCafe, told Insider. "Unlike millennials, who often gravitate to DC, Washington state and the Chicago area in Illinois , Gen Z-ers tend to favor states with lower population density, from the mountainous terrains of Montana and Idaho to the plains of Kansas and Nebraska."
Gen Z-ers are moving to mountains seeking 'simpler living' and lower housing costs, Falyn Stempler, Daily Express US, 11-15-2023