High rents don't seem to bother Gen Z when deciding where to move. Even though three-quarters of this generation rent, some of their most popular destinations were also states with rent costs well above the national median.
The list of the top 10 states that Gen Z chooses includes California, where rent runs $1,856 per month, compared to the $1,300 national median. While 215,000 residents left California in 2022, 44,000 Gen Z adults moved in. But among all movers heading elsewhere, California did not even make the top 10 as a place to move to.
Other expensive destination states that attracted Gen Z were Washington ($1,592 rent), Colorado ($1,594) and Virginia ($1,440).
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
