Talented young adults are flocking to city centers in rising numbers. In an update to “The Young and the Restless,” a 2005 report on the residential patterns of college educated 25-34 year-olds, CEOs for Cities released information, using 2005-2009 American Community Survey data, on the migration of talented young adults to cities.
According to the report, since 2000, the number of college-educated 25 to 34 year-olds has increased twice as fast in the close-in neighborhoods of the nation’s large cities as in the remainder of these metropolitan areas. In the aggregate, in the nation’s largest metro areas, the number of young adults with a four- year degree living in close-in neighborhoods increased 26 percent since 2000. Outside these close-in neighborhoods, the number of young adults with a four-year degree increased only half as fast, about 13 percent.
The trend to close-in living is apparent in almost every metropolitan area. The throngs of young, college-educated adults in close-in neighborhoods will help American cities to succeed in a knowledge- based economy.