As Millennials are becoming more important to the world economy, where we like to shop, eat, and live, is now part of the major business model for companies worldwide. Naturally as we are a giant generation, we have branched out to all different types of living environments. We are not limited to urban, suburbia, or rural. We live in all kinds of places. This is the second of a three part series (read part one here) on three types of environments and why they appeal to this generation.
This post will deal with suburban living.
What Is Suburban?
Suburban is defined as a residential area that is outside of a city within commuting distance. Suburbs are easy to identify especially once one leaves an urban setting. Once the density drops down in population, you will see smaller scale buildings, and entire neighborhoods with homes with larger yards. Suburbs can either be considered an extension of the city they are nearby to, or can be considered their own municipality outright.
Different countries have different definitions of what a suburb is and even those definitions are stretched. By today’s terms, a suburb can include essentially any type of town that is not considered urban, and not considered rural. Suburb in a way has become a catch-all term for the many types of dwelling area that are not defined as the other two listed terms.
What Are The Benefits Of Suburbia?
There are a few benefits of living in an suburban area. For starters what is considered the reason to choose suburbia over any other type of living area: Schools. Schooling is considered to be best in the suburbs. This is the result of higher property taxes on the larger homes. These taxes then go to send more money to schools. This higher funding is quite obvious when you see the quality of said schools.
The peace and quiet of the suburbs is another perk along with the safety of having kids play in their own backyard or community parks without worry. Cities are noisy and filled with lights all the time, not to mention crime. Light pollution caused by some of the effects of a city can even bring with it health risks. A suburb allows one to escape or alleviate these factors.
While property taxes are higher when one lives in suburbs, virtually every other cost of living is lower. It becomes noticeable in the statistics gathered comparing the two that many in cities do not own homes while a majority of people in suburbs do.
While it may not seem like this final fact is as is important as the others, it should be noted that satisfaction in suburbs is viewed to be higher than in cities or rural areas. This may indicate that quality of life is highest in suburbs.
How Millennials Benefit From These Perks
Many millennials are finding that as they get older, they are moving from urban environments to suburbs, just as their parents before them did.
As millennials begin to have families and raise children, we have realized that a quality education is one of the most important factors that needs to be provided to our future generations. Being that suburbs boast fantastic public schools compared to rural and urban-- the lure is already set and millennials are biting.
Like with the example above, as we get older, we look for some more peace and quiet and forgo chaos to be left behind. Cities have an appeal when we are younger, but as we grow older, that same appeal may belong to suburbs filled with green trees and a higher sense of safety.
While no one likes paying taxes, the economy going into recession has caused millennials to be careful with money. We as a group will find places to live that are affordable, especially as we transition from renting to buying. Living in a suburb is cheaper than living in a city.
With the stress from the economy and a political system that seems to be as chaotic as a soap opera, millennials are looking for maximum satisfaction in their lives. If the suburbs provide such, you can be assured that millennials will flock to it.
This is part two of the three different living environments that millennials have chosen. There are many choices one makes when they decide where to live. My hope is that after reading this article, you will be better equipped to understand if living in a suburban setting is right for you. Being or not being a millennial is optional in this aspect.