Best States for Millennials to Live

Posted by GO Mortgage Team on 6/19/18 11:31 AM
GO Mortgage Team

Millennial’s are today’s largest generation in the workforce, because of that, they are a huge topic of interest.  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:

  1. Washington, D.C. (also ranks highest in percentage of millennials already living there!)
  2. North Dakota (lowest unemployment rate)
  3. Minnesota (highest millennial homeownership rate)
  4. Massachusetts (highest percentage of millennials with health insurance coverage)
  5. Iowa (ranked #1 in lowest housing cost for millennials)

Below is a map with the rankings for each of the 50 states:

 

If you are looking for states with the Highest Average for Millennial Salaries, then the top 5 are:

  1. Washington D.C.
  2. New York
  3. Massachusetts
  4. Washington
  5. California

While some people are more focused on the money aspect of things, maybe owning your home is at the top of the priority list.  If that is the case, then the top 5 states with the Highest Millennial Homeownership Rate are:

  1. Minnesota
  2. West Virginia
  3. Indiana
  4. Utah
  5. Delaware

 

So, if you need help finding your dream home or are ready to start the path to homeownership, give us a call today at (800)-444-RATE or online at https://www.gomortgage.com/apply

Topics: millennials, best places to live