New Study Shows ‘Best States for Millennials’

Alexander Trevino April 26, 2018

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!

Recent Blog Posts

Staging Secrets That Will Help Your Home Sell for Top-Dollar Offers in Silver Lake, CA

Home Staging Secrets That Capture Buyers in Silver Lake’s Competitive Market.

The Role of a Real Estate Agent in Your Home-Buying Journey in Silver Lake, CA

Understanding the Role of Real Estate Agent Representation in Silver Lake’s Competitive Market.

Rooftop Patios, Pools & More: Luxury Home Features to Explore in Silver Lake

Ask Your Agent to Find Homes with Features You Want.

Home Searching Tips That Will Make Finding Your Dream Space Easier in Silver Lake

Insight Into the Silver Lake Home Search.

How to Create a Home That Encourages Restful Sleep

Transform your Silver Lake home into a restful sanctuary.

Revamping Your Backyard to Increase Home Value in Silver Lake, Los Angeles

A complete guide to transforming your outdoor space into a high-value asset.

How to Organize Your Garage Like a Pro

A guide for homeowners who want a refined, high-functioning garage.

Selling in Silver Lake? Smart Updates to Get Top-Dollar Offers

Your roadmap to showcasing sophistication and securing premium offers.

How to Spot a Kitchen Space That’s Perfect for Your Inner Chef

A guide to finding the kitchen where your creativity can truly shine.

Work With Us

We pride ourselves in providing personalized solutions that bring our clients closer to their dream properties and enhance their long-term wealth. Contact us today to find out how we can be of assistance to you!