Business in Utah - 2018

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Utah’s quality of life and opportunities for advancement make it a prime place for millennials to plant their flag.

Millennials in Utah’s Bryce Canyon National Park

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tah has the third highest number of millennials in the country with 23.6 percent of the state’s population between the ages of 20 and 34. The national average is 20.6 percent. Utah’s youthful population will continue for years to come, as 30.5 percent of the state’s population is under the age of 18 while the national average is 22.9 percent. Utah also has the highest percentage of school-age children and children under 5 in the nation. By 2065, the number of Utahns is expected to grow from its current size of 3 million to 5.5 million. Utah caters to young people in a variety of ways. It offers a low cost of living, high quality of life and ample opportunities for young people to advance their careers. WalletHub placed Utah No. 6 in its Best States for Millennials ranking – ahead of other millennial hot spots like

Colorado and Washington. USA Today ranked Utah No. 7 in its Top 10 States for Millennials. Part of the reasoning behind the rankings lies in the state’s affordable real estate. Utah boasts the fifth highest rate of millennial homeowners in the nation. Realtor.com ranked Salt Lake City No. 1 in its Top Cities for Millennials ranking for the city’s unique mix of hip urban culture and relaxing mountain vibes. Millennials make up a little more than 15 percent of the city’s population. “Utah is such an amazing place,” says 29-year-old Annie Leither, assistant vice president of sponsorship for Zions Bank and one of Utah Business Magazine’s 20 in their 20s. “It’s fascinating to see how many people move here and appreciate the beauty we have here, right in our own back yard. Between all our national parks and all the recreational opportunities, we have a lot here. I don’t think a lot


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Business in Utah - 2018 by Utah Governor's Office of Economic Opportunity - Issuu