In 2021, the five most popular cities in Texas, U.S. for Gen Z renters had applications from this generation ranging from 47 to 41 percent. Denton had the highest share of Gen Z renter applicants of 47percent.
Gen Z apartment seekers have shown consistently high interest in all Texas cities, compared to New York or California. This can be explained with the fact that Texas is one of the states with the youngest population in the United States.
In 2020, the five most popular cities in New York state, U.S. for Gen Z renters had applications from this generation ranging from 29 to 12 percent. Amherst had the highest share of Gen Z renter applicants of 29 percent.
New York has a relatively lower share of Gen Z applicants in its cities compared to other states like Texas. This can be explained with different factors: both the median age of the population and apartment rents are higher in New York.
This statistic provides projected figures for the Gross Metropolitan Product (GMP) of the United States in 2021, by metropolitan area. Only the 100 leading metropolitan areas are shown here. In 2022, the GMP of the New York-Newark-Jersey City metro area is projected to be around of about 2.16 trillion U.S. dollars.
Los Angeles metropolitan area
A metropolitan area in the U.S. is characterized by a relatively high population density and close economic ties through the area, albeit, without the legal incorporation that is found within cities. The Gross Metropolitan Product is measured by the Bureau of Economic Analysis under the U.S. Department of Commerce and includes only metropolitan areas. The GMP of the Los Angeles-Long Beach-Anaheim metropolitan area located in California is projected to be among the highest in the United States in 2021, amounting to 1.1 trillion U.S. dollars. The Houston-The Woodlands-Sugar Land, Texas metro area is estimated to be approximately 543 billion U.S. dollars in the same year.
The Los Angeles metro area had one of the largest populations in the country, totaling 112.99 million people in 2021. The Greater Los Angeles region has one of the largest economies in the world and is the U.S. headquarters of many international car manufacturers including Honda, Mazda, and Hyundai. Its entertainment industry has generated plenty of tourism and includes world famous beaches, shopping, motion picture studios, and amusement parks. The Hollywood district is known as the “movie capital of the U.S.” and has its historical roots in the country’s film industry. Its port, the Port of Los Angeles and the Port of Long Beach are aggregately one of the world’s busiest ports. The Port of Los Angelesgenerated some 506.43 million U.S. dollars in revenue in 2019.
Austin, Texas was the most popular city among Millennial renters in the United States in 2020 with 50.5 of renters belonging to that generation. Millennials are those born between 1980 and 1996. In comparison, 44.2 percent of renters in Los Angeles, California were Millennials.
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In 2021, the five most popular cities in Texas, U.S. for Gen Z renters had applications from this generation ranging from 47 to 41 percent. Denton had the highest share of Gen Z renter applicants of 47percent.
Gen Z apartment seekers have shown consistently high interest in all Texas cities, compared to New York or California. This can be explained with the fact that Texas is one of the states with the youngest population in the United States.