Millennials: How many are still living with their parents and where
Nearly one-third of adults aged 18 to 34 are living at home these days, the highest percentage it has been in modern history, according to the Pew Research Center. However, some states are seeing it much more frequently than others.
In Pennsylvania, more than one-third (34 percent) of 18-to 34-year-olds are living in their parents’ home, an increase of 7 percent since 2000, according to Stateline. In 2014, 978,023 millennials were living with Mom and Dad, compared to 719,016 in 2000.
However, New Jersey has the highest percentage of young adults still living at home. In New Jersey, 43.9 percent reported living at home. Connecticut was second with 38.8 percent, followed by New York with 37.4 percent.
“In New York City and surrounding states, scarce and expensive rental housing is a major factor pushing young adults to return home, said Dowell Myers, a professor of urban planning and demography at the University of Southern California in the release.
The increasing cost of homes is also a factor, along with the ever-rising cost of rent. Student loan costs are also an issue, the report stated. Some young adults struggle to find good-paying employment as well, and thus can’t afford rent or to purchase a home. The study also pointed out that in some cultures, it’s the norm to live with your parents until you get married.
On the other end of the spectrum, young adults in North Dakota were least likely to live at home, as only 15.6 percent reported they resided with their parents. Wyoming wasn’t far behind with 18.7 percent, followed by South Dakota with 19.7 percent.
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