Boston hits ‘peak millennial’ as younger generation exits city

Boston appears to have hit what some demographers call “peak millennial,” according to an analysis from Time magazine.

That analysis looked at the number of millennials—the nation’s youngest cohort of adults—who have exited Boston proper in recent years. Roughly 7,000 exited in 2016, after the city reached a record high of 259,000 millennials calling Boston home in 2015.

Other larger East Coast cities such as New York and Washington are seeing a similar trend and the reason is clear: Housing costs. Millennials get to a certain ripe old age—say, 27—and decide they want space for themselves and a potential family more than they want convenient access to decent avocado toast.

While things might change given the effects a federal tax overhaul could have on the Boston housing market, the trend of millennial exodus is expected to continue.

• These cities have already reached 'peak millennial' as young people begin to leave [Time]
• Federal tax overhaul could rattle Boston, Cambridge housing markets in particular [Curbed Boston]