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Bristol Post
Bristol Post
Business
Hannah Baker

Bristol among best UK cities to live in - if you’re a millennial

Bristol has been named one of the best UK cities to live in if you are a millennial.

There has been a huge surge in the number of young people moving to the city, according to the Office for National Statistics.

The number of 21 to 30-year-olds living in Bristol soared 40 per cent between 2002 and 2017, and is now around 111,481 people.

But why is the city so popular with millennials?

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Bristol ranks fifth best in the country for young people, research by credit company TotallyMoney found.

The firm looked at factors including average weekly earnings, number of business start-ups, graduate roles, employment rates, cost of living, the price of a coffee and gym membership - and Bristol came out in the top 10.

Average weekly earnings in the city are now £547, while employment is high at 78 per cent.

A TotallyMoney spokesperson said: “Top comedians like Lee Evans, Stephen Merchant, and Russell Howard all hail from Bristol.

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“While having a laugh is good for the soul, Bristol is also desirable thanks to its high employment rate and decent weekly earnings.

“Recently, Bristol was the only UK city to be named a European Green Capital in 2015, gaining the accolade because of its bike-friendly roads and commitment to improving the local environment.”

Meanwhile, Glasgow was named best overall for millennials owing to decent weekly wages and house prices well below the national average.

One-bedroom properties in the Scottish city cost £90,466 on average, while in Bristol the same property could cost £184,736.

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London also performed well despite its reputation for high living costs and house prices way above the national average.

The capital has the highest weekly earnings at £727 per week as well as the largest number of graduate roles across the whole UK.

10 best UK cities for millennials

Rank

City

Average Weekly Earnings

Business Start-Ups Per 10k Population

Graduate Hires

Employment Rate

Average One-Bed Asking Prices

Average One-Bed Asking Rents

1

Glasgow

£526

48

5%

70%

£90,466

£584

2

London

£727

112

39%

74%

£451,582

£1,633

3

Aberdeen

£597

50

5%

74%

£84,584

£478

4

Liverpool

£512

51

6%

67%

£102,029

£483

5

Bristol

£547

60

6%

78%

£184,736

£686

6

Gloucester

£526

44

6%

80%

£101,739

£443

7

Southampton

£579

70

9%

76%

£139,110

£584

8

Cambridge

£609

55

2%

73%

£225,239

£689

9

Cardiff

£505

49

1%

69%

£129,368

£493

10

Middlesbrough

£477

41

2%

69%

£62,183

£35

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