According to a Pew Research Study, 15 percent of 25- to 35-year-olds were still living with their parents in 2016. Realtor.com conducted a study to compare the areas where millennials live alone to where they are likely to fly back to—or never leave—their parents’ nest.
The study found that 11.2 percent of millennials live alone (without a roommate or significant other) in Austin, Texas, the most out of any city studied. Even though the median rent of a one-bedroom apartment is $1,130, millennials are drawn to Austin for its culture and growing number of tech jobs. Other cities ranking high were Omaha and Milwaukee.
The most millennials still live with their parents (51.8 percent) in border city McAllen, Texas. A one-bedroom apartment is $620 here, but a lack of well-paying jobs and close-knit family culture drive up the number of those who choose to stay with family. Other cities on the list were Oxnard, California, and El Paso, Texas.
"We definitely see a larger percentage of millennials living at home at an older age than previous generations," says Jason Dorsey, president of the Center for Generational Kinetics, a millennial research firm based in Austin, TX. "They hit the Great Recession, so it’s taking them longer to financially recover. They had a tough job market from the start. And there’s been quite a lot of wage stagnation."
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