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The Associated Press reports that many "college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of life in urban, high-tech meccas. Their moves are fueling a resurgence of brainiacs in parts of California, North Carolina and Texas."
Census data released Tuesday offer the first detailed look at U.S. migration data, broken down by education and income, since the recession began in late 2007.
The data covering 2006-2008 show that Austin, Texas, Portland, Ore., Charlotte and Raleigh, both in North Carolina, and Seattle saw large jumps in residents with at least a college degree. Each offers the promise of specialized tech jobs and hip lifestyles. ...
In contrast, metropolitan areas with high rates of foreclosures, less tech-based economies or increasing unemployment saw declines or slower rates of growth in residents with a college degree or higher. They included Los Angeles, Atlanta, Orlando, Fla., as well as New Orleans, Detroit and Cleveland."During this economic downturn, young, educated professionals are heading for the high-tech 'cool' metros rather than the fast growing upstarts of the mid-decade," said William Frey, a demographer at Brookings Institution, who analyzed the data. "The investment in knowledge industries and young professional amenities in places like Austin, Raleigh and Seattle is now paying off." ...
According to the data, cities with higher levels of education did not always translate to the highest incomes.Austin, Seattle and Charlotte all saw large gains in the number of residents who earned an income of $65,000 a year or more. But they were outpaced by places such as Bakersfield, Calif., and Sun Belt regions such as Phoenix and Las Vegas, which had larger jumps in richer residents. ...
I guess that's one more feather in Raleigh's cap, eh?
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