Young adults moving out of state at highest rate since housing boom; biggest gain in 13 years

[ErikJ]

Young adults moving out of state at highest rate since housing boom; biggest gain in 13 years
Article by: HOPE YEN , Associated Press Updated: October 25, 2012 - 12:37 PM

WASHINGTON - Their lives on hold for years, young adults are now making big moves in the fledgling economic recovery, leaving college towns or parents' homes and heading out of state at the highest rate since the height of the housing boom.

New census data released Thursday offer a detailed look at U.S. migration as mobility begins to revive after sliding to a record low last year.

The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.

In contrast, groups that showed some of the most movement in the housing boom of the last decade (2000-2010) — working professionals, families and would-be retirees — are still mostly locked in place, their out-of-state migration levels stuck at near lows due to underwater mortgages and shrunken retirement portfolios.
.........................http://www.startribune.com/nation/175810981.html?refer=y

No wonder Portland's Last Thursdays (tonight!) of every month have exploded in size the last year or two. It's like this on NE Alberta Street for almost a mile lined with bands, vendors and street performers the whole way!

[SheilaT]

1. My 25 year old son moved to Portland, OR

two years ago.

He supports himself by doing pizza delivery, while testing his wings on the stand-up comedy open mike circuit there. He loves it there.