Posted 3/12/2024, 3:56:58 PM
High Cost of Living Driving Away Young Adults From Boston Area
- One in four young people plan to leave Greater Boston in the next 5 years due to high cost of housing and desire for remote work flexibility
- Young residents are critical to the workforce, small businesses, downtowns, etc. so leaders are concerned about the "brain drain"
- Cost of rent, job availability, and ability to buy a home are top factors in deciding to stay or leave
- Those most likely to leave include Black women, LGBTQ people, while Asian Americans and millennial women more likely to stay
- Most young people are satisfied with daily life in Boston but cite lack of community and social opportunities as a drawback