Provo has been ranked the #2 best city in the US where young people are happy, rents are affordable, and jobs are plentiful. According to a recent study by Apartment List, which evaluated the housing and job markets of popular US metro areas, as well as the satisfaction of residents there, to discover the best places for millennials to live.
To compile its ranking, Apartment List gathered the following metrics for the 75 largest US metro areas:
- Affordability: Median rents and the share of households that can afford the median-priced home. Based on data from Apartment List and Harvard JCHS 2017 State of the Nation’s Housing Report.
- Jobs: Median wages, wage growth, and the millennial unemployment rate. Based on Bureau of Labor Statistics and Census Bureau data.
- Livability: Renters’ satisfaction with weather; access to parks community activities, and nightlife; opportunities to date and make friends; and safety and low crime rates. Based on Apartment List’s annual survey of 24,000 renters.
No. 2 Provo, Utah, takes the second spot on the list, with high scores for jobs, affordability, and livability. Provo’s strong job growth and low millennial unemployment, combined with high livability scores, make the metro a great destination for millennials looking to relocate. Provo residents give the metro high marks for safety and dating options, and more affordable rents allow millennials to save up to purchase a home.