California is now home to the largest share of Millennials, and they are active homebuyers. A recent report by The Brookings Institution took a deep look at the millennial generation (defined as those ages 25 to 34). Millennials are important because they are currently the largest generation since baby boomers. Millennials make up about 25 percent of the U.S. population, 30 percent of the voting population, and 40 percent of the working-age population, and they are increasingly more active homebuyers.
In addition, millennials are more racially and ethnically diverse than previous generations, as well as more educated.
With almost 10 million millennials living in California, the state is home to the largest share of that generation — 13 percent of the population — which other than Texas at 9 percent is double the share of millennials in any other state. In Washington D.C., millennials account for 34.8 percent of the population.
In the figure below I have posted the Millennial population size by California metro areas.
Underneath you will see race/ethnic composition of millennials by California metro areas.
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