DFW is a Millennial Money Magnet

Posted by George Alexander on Monday, August 27th, 2018 at 1:41pm.

DFW is a Millennial Money Magnet

Dallas

"...DFW and the other major Texas markets, can be viewed as prospective catalysts or money magnets for the working Millennial, with more job opportunities and career advancement, along with above-average spending power...The low cost of living, and ability to attract and retain the Millennial workforce, and diverse industry types are a major driver for Texas Millennials in finding opportunities that best suit their skillsets...above-average incomes, combined with a much lower cost of living–driven mostly by more affordable housing prices and apartment rents and no personal state income tax...In terms of the base numbers–the average income of a Millennial will feel $1,100 to $7,300 higher in Texas than the US average–which means a dollar goes farther–with a higher quality of life...

...The Texas metros are also the fast growing from a jobs perspective. As such, opportunities abound across industries and across different labor classes..."

Globe Street Article Link 

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