The millennial generation, people born from 1981 through 1994, is predicted to outnumber the baby boomer generation sometime in 2019. Given the size of the generation, as well as the fact many are getting married and starting families, the real estate industry is very interested in these young people. Much time is spent trying to figure out whether they want to buy or rent, whether they will consider the suburbs or just stick to urban areas, etc.
Therefore, it does not come as a surprise that more than a third of the residents in the city of St Louis are millennials, attracted, no doubt, by the city lifestyle, a sharp contrast from the suburban upbringing many of them had with their baby boomer parents. However, the tides may be turning though.
As the table below shows, during 2017 the millennial population in the city of St Louis dropped by 1.4% while St Charles County grew by 1.0% and St Louis and Jefferson County by 0.3% each. As of 2017, the city of St Louis had 105,900 millennials living there, while St Charles County had 103,500, but if the trend continues, the millennial population in St Charles County will surpass the city of St Louis soon. Who knows? Maybe the millennials are more like us baby boomers than we thought and will end up buying homes in suburbia?
St Louis Area Millennial Population and Population Change – 2017
Projected Population by Generation
