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!
