" /> St Pete No Longer Gods Waiting Room

St Pete No Longer Gods Waiting Room

Dated: 01/30/2015

Views: 1625

(Reprinted from the Tampa Bay Times)  More awesome news for St Pete!

St. Petersburg ranks as No. 1 millennial draw in Florida

  • Jeff Harrington

JEFF HARRINGTON

Tampa Bay Times.

For those who still think of St. Petersburg as luring retirees to hang out in "God's waiting room," the younger generation is poised to make its move.

St. Petersburg has been singled out by credit card promoter NerdWallet as the best city in Florida for drawing in millennials. Across the bay, Tampa was nipping at its heels as the third-most-attractive market for those ages 20 to 34, while Clearwater came in at No. 12.

NerdWallet dissected conditions in 93 cities and towns statewide based on four factors: number of jobs, salaries, rent and the number of other millennials living there.

St. Petersburg's top ranking was tied to "a thriving economy with the average payroll salary of $47,471," or $13,500 higher than the average among the cities studied, NerdWallet said. It also cited headquarters like Raymond James Financial, EverBank and Jabil Circuit; median rents of $924 a month; and a "bustling" restaurant and entertainment district downtown.

Since 2010, St. Petersburg's millennial population has increased 6 percent.

Tampa, due partly to the University of South Florida, boasted a 7 percent increase in millennials; that demographic now accounts for 24 percent of its residents. The city's average salary of $47,306 is 28 percent higher than the average among Florida cities and towns.

With the rate of homeownership dropping to a new low among millennials last year, affordable rent played a key role. Seven of the best-rated cities have rents less than the state's median of $946 a month.

Overall, youngsters tend to gravitate to urban areas, the analysis concluded, with seven of the top 10 cities having populations exceeding 100,000.

But there were clear exceptions: Orlando, which outpaced Tampa Bay 2-1 in job creation last year, didn't even crack Florida's Top 10.

Contact Jeff Harrington at jharrington@tampabay.com or (813) 226-3434. Follow @JeffMHarrington.

Want to Advertise on this Site?

Latest Blog Posts

5 Criteria For Pricing A Home

 When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing

Read More

Real Estate Is Americans Preferred LongTerm Investment

Real Estate Is Americans’ Preferred Long-Term Investment From Florida Realtors When asked about the best investment for 10-plus years, 31% picked real estate

Read More

Text FIXERUPPERS To 760 712 4088 For A Complete List Of Fixer Uppers In Pinellas County

Looking for a good deal on a Pinellas Property? Use that text code above, for a complete current list of Fixers.;

Read More

NAR Existing Home Sales Surge

NAR: U.S. existing-home sales surge 11.8% in Feb.WASHINGTON – March 22, 2019 – Existing-home sales rebounded strongly in February, with the largest month-over-month gain since December 2015,

Read More