Map: The L.A. Neighborhoods Where Millennials Love Living The Most
A new map shows which L.A. neighborhoods seem to be most popular with Millennials.
The map comes by way of real estate firm Jones Lang LaSalle (JLL), which used U.S. Census data and their own research to find out the most popular hoods for young professionals between the ages of 22 and 34. According to the map, the younger crowd significantly outnumbers Baby Boomers—ages 51 to 69—by over 10 percent in Hollywood (35% to 19%), Downtown (34% to 19%) and Playa Vista (32% to 19%). West Hollywood comes in a close 4th place with Millennials outnumbering Boomers 31% to 23%. Maybe part of the reason that Millennials are so stressed about finances is that they're spending much of their income on rent in these hoods.
"The common perception about Millennials is that they concentrate in 'trendy' neighborhoods, but that may not be the case when it comes to Los Angeles," JLL offers as an explanation with the map. We're not exactly sure which "trendy" spots they're referring to—Downtown seems pretty trendy these days. But we'll assume they mean places like Los Feliz, Silver Lake and Echo Park, where—according to the map—Millennials outpace Boomers by only 27% to 22%, respectively. Millennials are also ahead only by 2% in Venice as well.
JLL also mentions that, "Many of L.A.'s popular neighborhoods reflect a similar breakdown of city-wide percentages of 25 percent millennials to 21 percent boomers." Again, we'll assume they're referring to some of those "trendy" neighborhoods.
The one part of L.A. County where Boomers still seem to have the edge is Santa Monica, where they lead by a narrow margin of 26% to 24%. Though, there's a good chance that high rental prices in that part of town could be keeping it that way.
Of course, the map doesn't give us a picture as to what's happening with Millennials and Boomers in other parts of L.A., so we'll just have to guess. Or maybe we can ask self-proclaimed Millennial expert, Chris Erskine from the L.A. Times, his thoughts on the matter.