Study: Hartford 8th best place for Millennials
HBJ File Photo
An event at Mortensen Riverfront Plaza in Hartford draws crowds to the Connecticut River.
Hartford is among the nation’s top 10 places to live if you’re a Millennial, according to a new study.
The recent study by real estate search portal Homes.com ranked the top 50 U.S. metropolitan areas to live in based on living needs for Millennials (ages 20 to 34), Generation X (35 to 54) and Baby Boomers (55 to 74).
After averaging weighted scores on Millennial share of the local population, median home prices and entry-level jobs available per 100,000 people, Hartford ranked as the eighth best city to live in for Millennials behind Orlando, Minneapolis, Salt Lake City, Pittsburgh, Atlanta, Boston and Washington D.C., respectively. Trailing Hartford were St. Louis, Providence and Seattle, the study says.
Hartford’s top 10 Millennial ranking was driven by there being over 5,500 entry-level jobs available per 100,000 residents, a pace that led the nation, according to the latest data collected by Glassdoor, one of the largest job and recruiting websites.
The Capital City, based on data from the U.S. Census Bureau and the National Association of Realtors, tied at No. 18 for the percentage of Millennials per 100,000 residents at 27.2 percent. Its median home price of about $244,000 ranked as the 12th cheapest city to buy a home.
The city ranked No. 21 among the best places to live for Generation X across an average of criteria including school quality, generation population share and management jobs per 100,000 people. Hartford ranked No. 16 as a place to live for Baby Boomers based on factors such as share of local population, healthcare availability and retiree tax-friendliness.
Homes.com said its data was also drawn from personal finance magazine Kiplinger and Healthgrades, which provides information about hospitals, physicians and healthcare providers.
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