The largest metropolitan areas continue to attract recent college graduates as they begin their professional working lives. What captures young people’s imagination and entices them to test the waters in cities large and small? Why graduates ranging in age from 22 to 35 years and the well educated, with at least a bachelor’s degree moved to a new city? Once they’ve made the decision to move, they are influenced by urban life and city amenities more than by economic conditions.
The biggest cities (New York, Los Angeles, Chicago, Washington, D.C., and Boston) together, capture over 25 percent of all of the well-educated movers. It is a surprise, however, to find that Santa Cruz, Calif., once a working class retirement community, now a beach suburb of Silicon Valley, attracted almost the same number of young and well-educated in-movers as Boston in 2013. (American Institute for Economic Research)