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Survey: Millennials want more jobs, cheaper housing

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Millennials in New Jersey want lower taxes, increased job opportunities, affordable housing and improved, cheaper mass transit in order to stay in the state.

According to a survey of 975 state residents by the New Jersey Society of CPAs, 34 percent of respondents said high property taxes as the biggest reason millennials are leaving the state, while 16 percent said bringing more businesses into the state to create a higher-paying job market was also key. Some 14 percent said that building more affordable housing would be go a long way in getting them to stay.

According to the most recent Census data, New Jersey has the highest outward migration of millennials in the U.S., while roughly 47 percent of people under 34-years-old are still living with their parents – the highest rate among all states in the country. The national average is 34 percent.

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Vince Calio

Vince Calio

Vince Calio covers health care and manufacturing for NJBIZ. You can contact him at vcalio@njbiz.com.

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dentss April 4, 2018 10:43 am

Actually Joe you seem to know very little about the states property taxes .Education is60 to 70% of our property taxes ,with the urban 39 (Abbott dist) sucking over 60% of state income tax money away from the other 549 bust divide up the crumbs .If the urban districts paid their fair share we all wouldn't be in this mess...

Joseph April 3, 2018 10:29 am

It's unfortunate that the adults in New Jersey have spent the past 60 years doing the exact opposite of all of this. Building so much suburban sprawl was a mistake, and now we're feeling the effects of it. New Jerseyans should have never abandoned their historic cities and let them rot while they built subdivisions in cornfields. Not only is that a horrible thing to do for the environment, but it's also incredibly costly; it's one of the main reasons our property taxes are so insanely high. Investing in cities of all sizes so they're places millennials want to be, getting public transit back on good footing (including expanding it), and consolidating towns to lower property taxes and pool more resources is the only way our state is going to stay relevant in the 21st century.