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San Diego millennials moving less often, according to report

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Posted at 12:58 PM, Oct 03, 2019
and last updated 2019-10-03 15:58:42-04

SAN DIEGO (KGTV) -- Young adults in the U.S. are moving more frequently than they did in 1960, according to a new report by Zillow. Data from San Diego, however, paints a different picture.

According to the site, 33.8 percent of young adults in 1960 lived in their current home for less than two years.

In 2017, more than 45 percent of young adults had lived in their current home for less than two years.

San Diego, however, bucks the trend.

In America’s Finest City, in 2017 the share of young adults who lived in a home less than two years is 50.6 percent, down from 54.4 percent in 1960.

The data show that young San Diegans are moving less than in 1960.

Among young adults who recently moved in the San Diego area, more than 68 percent moved within the metro, while 9.4 percent moved from a different metro in the state and 22.3 percent moved from outside the state.

According to Zillow, changes in workplace norms have contributed to the changes in housing tenures.

Zillow also says that, rather than climb the corporate ladder, many young adults move from one role or job to the next.

The typical employed Millennial has been with their current employer for 2.8 years, according to Zillow.