Raleigh and Charlotte have both been included in a list of the top 25 cities where millennials — individuals currently aged 25-to 34-years-old — are moving, both ranking higher than New York City and Washington, D.C.
The data TIME collected shows that Raleigh — ranked 16th — experienced a 4.2 percent increase between 2010 and 2015 in the population of millennials, coming out to an increase of 677 individuals, while Charlotte — ranked 18th — experienced a 4 percent increase during the same time in this population, coming out to an increase of 1,372 individuals.
The majority of urban areas in the study experienced some level of increase during this time period, but some urban areas did experience some level of a decrease.
All the cities that experienced a decrease were relatively near an urban area that was experiencing a growth during the period, typically within in the same state or in a bordering state.
UNC Career Services' Undergraduate First Destination Report, which annually surveys May graduates, collects data from March of students' spring semester to the December after their graduation.
The most recent available survey data was on UNC's Class of 2016. Out of that class, 83 percent of the entering first-years were in-state students. After graduation, 58 percent of the class stayed in North Carolina. The next three regions were the Northeast at 8 percent, the Mid-Atlantic at 8 percent and the Southeast at 7 percent.
There are strong economies in both regions, and the cost of living is less than in northern cities for millennials.
The presence of the Research Triangle Park in and around Raleigh and the continuous growth in Charlotte represent appealing factors for millennials. The future for students holds many opportunities.
They are graduating in an area that is abundant with jobs, and if they wanted to stay in the area that they graduated in, they certainly could. The biggest takeaway is the healthy job market.