A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states
New Study Shows Best States For Millennials
Dated: 04/25/2018
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A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’
The Top 5 Best States for Millennials are:
Washington, D.C. (also ranks highest in percentage of millennials already living there!)
North Dakota (lowest unemployment rate)
Minnesota (highest millennial homeownership rate)
Massachusetts (highest percentage of millennials with health insurance coverage)
Iowa (ranked #1 in lowest housing cost for millennials)
Below is a map with the rankings for each of the 50 states:
We recently reported on a study that set out to find out “How Much You Need to Make to Buy a Home in Your State,” which may have left you wondering what the average salaries are in each of the five states listed above.
According to WalletHub’s research, the top 5 states with the Highest Average Millennial Salaries are:
Washington, D.C.
New York
Massachusetts
Washington
California
Every day, more and more millennials are aging into the ‘Responsibility Zone,’ the time in their lives when their responsibilities start to dictate their behaviors. For many, this includes buying a home. The top 5 states with the Highest Millennial Homeownership Rate are:
Minnesota
West Virginia
Indiana
Utah
Delaware
Bottom Line
If owning a home is next on your list, let’s get together to answer any questions you may have and set you on the path to homeownership!
Mike Stearns
Mike's Real Estate Team Trust, Integrity, Friendship Broker: DRE# 01878277 Agent: DRE# 01305251....
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Based on information from California Regional Multiple Listing Service, Inc. as of April 25, 2018 2:40 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
