Millennials don’t stay in one place too long, a survey from moving company Mayflower found. According to the survey, two out of five millennials, those aged 18 to 35, move to new cities without the intention to stay.
"Millennials are a generation of what I call 'adventure movers.' Their motivations for moving are influenced by a sense of adventure, making these moves relatively short-term," said Dr. Jeffrey Arnett, Research Professor in the Department of Psychology at Clark University. "More than any generation before them, millennials have defined their 20s as a period of freedom and instability. This flexibility allows millennials to make moves in search of new job opportunities or adventures, even if they don't plan to stay in the long run."
The Mayflower Mover Insights Survey found that 41 percent millennials are what they call “vacation movers,” or movers that do not intend to settle permanently. The survey also found that 53 percent of millennials are likely to make a temporary move within the next five years.
An even larger number of millennials, 74 percent, even have a timeline in mind when moving to a new city. This is to say that they move to a new city and have already planned when they are going to move out.
The top reasons for vacation moving are practical, including working at a new job trying to find a new job, but Mayflower found that 30 percent of those making “vacation moves” do so just for a new lifestyle or experience. Still, many millennials still plan to settle down one day.
A majority of millennials, 87 percent, do plan to settle down eventually, and 78 percent plan to do so before they’re 35. Finding a job they love is the top reason millennials gave for settling down, followed by getting a dream home, and getting married.
"Our Mayflower agents across the country are moving millennials as they explore new cities, jobs and experiences, but our research shows that this generation does have plans to eventually settle down and choose a city as their permanent home," said Melissa Sullivan, Director of Marketing Communications at Mayflower. "The findings of this year's Mayflower Mover Insights study reinforce what our agents are hearing every day–millennials are excited about their new homes, jobs and adventures."