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New Study Shows ‘Best States for Millennials’
April 25, 2018 | Curtis Johnson
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:
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:
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!