One in five millennials has moved home to “chase the dream” or win the love of their life, according to new research.
A study into the life decisions of 2,000 millennials profiled the most common reasons behind a person chasing a big move or fresh start and found a fifth have upped roots and gambled on getting the ultimate job or winning over the love of their life.
The “moving millennials” study found that landing a new job, simply looking for a fresh start and going after that one big dream are the top three life situations that lead young Americans to up sticks and leave everything behind.
The research, which was commissioned by StorageMart, found six in ten first struck out on their own by moving out of their home city, and about a quarter (24 percent) moved out of their state.
A bold four percent made their first big move by moving out of the country.
In fact, millennials are not afraid to venture far away from home for the chance of a better life — the average respondent polled had moved more than 500 miles away from home at some point.
While more than a fifth (21 percent) of under 35’s had moved over a thousand miles in search of a new home or opportunity.
Millennials first move out on their own by the age of 22 — most voluntarily.
One in seven, however, have moved because of situations beyond their control including financial difficulties and getting the dreaded eviction notice.
It typically takes 11 weeks to move after a relationship starts to turn dull or sour, while a partner finding a new job will lead to a new home after 13 weeks.
Pet owners who were no longer allowed to have their pets on the premises found themselves moving after 11 weeks.
Those who have fallen on difficult times find themselves finding a new home after 12 weeks.
Unfortunately, for nearly one in four (24 percent) of the millennials polled their first big move was a downgrade from their previous living conditions.
Eight in ten of those who downgraded opted for a less spacious home when moving out on their own, and 43 gave up having a backyard.
Many respondents reported a positive experience after their big move. In fact, 52 percent said their first big move was an upgrade from their previous living conditions.
Having a more spacious home and better neighborhood are the top two greatest upgrades experienced after the first big move.
Cris Burnam, president at StorageMart said: “We see millennials come visit us at StorageMart from far and near as they’re setting out on a new journey – they’re adventurers.”
“It’s no surprise that 21 percent have moved over a thousand miles, or that they’re so resilient when life throws a curve ball their way.”
“That’s why StorageMart provides self-storage units for rent on a month-to-month basis. Millennials who are downsizing, rightsizing, or packing away their home to go out and do something big need to find a clean storage space for their stuff to call home.”
Top ten reasons millennials move home
- Found a new job
- For a fresh start
- Chasing dream
- Got accepted to college
- Got married
- Upgrading to a larger home
- Change of scenery
- To be closer to my significant other
- Constant disputes for neighbors
- Getting away from a failing relationship
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