"Around 26% of Gen Z Bostonians plan to leave the city behind within five years, citing costs, according to a new report from The Greater Boston Chamber of Commerce Foundation."
"The organization interviewed 600 Greater Boston residents between the ages of 20 to 30, finding that over a quarter were planning an exit - a result they call "distressing.""
"While 79% of Gen Z residents reported satisfaction with their day-to-day life in Greater Boston, 78% cited the cost of rent as a motivating factor for moving. Additionally, 72% said that the ability to buy a home was important to them."
""Young residents bring vitality and innovation to Greater Boston, building communities and leading our economic growth," representatives of The Greater Boston Chamber of Commerce Foundation said in a press release. "However, the region's affordability continues to be a concern as young residents struggle to seize opportunities that outweigh challenges, like housing and career growth. Competitor states that are more affordable may be appealing to young residents who are eager to find housing to rent or purchase that is more affordable and accessible.""
About 26% of Gen Z residents in Greater Boston plan to leave within five years, citing costs. A survey of 600 residents ages 20 to 30 found that over a quarter intend to exit, which is described as distressing. Most respondents reported satisfaction with day-to-day life, but rent costs strongly influence the decision to move. Many also emphasized that buying a home matters to them. High costs and a difficult housing market are identified as key drivers. The concern is that affordability limits young residents’ ability to pursue opportunities, while more affordable competitor states may attract them with easier access to rental and purchase options.
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