A new report has revealed that San Antonio is blossoming into a haven for millennials.

SmartAsset's 2023 study "Where Millennials Are Moving" dug into data from the U.S. Census Bureau 1-Year American Community Survey to determine the number of millennials who moved to 268 U.S. cities in 2022. Rankings were determined by the percentage of the total population represented by millennials who moved into the city in 2022.

According to the findings, 102,848 millennials moved to San Antonio last year; That means 7.08 percent of its population was newcomers who are millennials. Millennials make up 30.55 percent of the overall population in the city.

There are two Central Texas city that experienced a more dramatic population shift thanks to new millennials: Austin (No. 9) and Killeen (No. 8), which is located about 70 miles north of the Texas capital.

103,461 millennials moved to Austin in 2022, the report says, making up 10.71 percent of the city's population. The median age of an Austinite is 34.7, the report found.

Killeen drew in 16,853 millennials, making up 10.8 percent of its population that moved in 2022. The median age in Killeen is 30.4 — the second-lowest in the top 10, the report says.

So, how did Killeen manage to attract so many millennials? According to a separate SmartAsset study, the answer lies in the obvious: cheaper housing with low competition. Killeen is the best housing market in the nation for first-time homebuyers.

According to SmartAsset, one in four millennials moved to a different city last year. Cambridge, Massachusetts, was the No. 1 U.S. city with the highest proportional influx of millennial newcomers in 2022, at 14.74 percent.

The report also noted the different ways a generation's migration can impact a city.

"Whether they come from within the same county, state, out-of-state or abroad, these migrations can impact local small businesses, housing markets and social dynamics," the report's author wrote.

The top 10 cities where millennials are moving are:

• No. 1 – Cambridge, Massachusetts
• No. 2 – Santa Clara, California
• No. 3 – Seattle, Washington
• No. 4 – Sunnyvale, California
• No. 5 – Denver, Colorado
• No. 6 – Arlington, Virginia
• No. 7 – Bellevue, Washington
• No. 8 – Killeen, Texas
• No. 9 – Austin, Texas
• No. 10 – Sandy Springs, Georgia