These are the states where the most millennials live at home: MAP

New York, New Jersey and Connecticut are naturally chief offenders

TRD New York /
Aug.August 27, 2016 11:00 AM
 

Everyone loves to give millennials a hard time. They don’t like cars, they aren’t getting married, they aren’t “go-getters.” Even Martha Stewart recently took them to task in LLNYC last cover story.

But love them or hate them, they aren’t buying homes. Nearly a third of millennials are living with their parents into adulthood.

Now, a new study is helping us visualize where millennials are still staying at home – and where they are diving into the real estate market.

It should come as no surprise that in states where the real estate market is the most competitive, the number of millennials living with their parents increases. For example, New Jersey has the highest number of stay-at-home millennials, with 43.9 percent of its millennial population refusing to move out, according to Curbed.

Just behind Jersey, Connecticut clocked in with 38.8 percent. And in New York, 37.4 percent of young people are unable (or unwilling) to rent or buy for themselves.

Check out the map below created by Stateline from 2014 census data.

[Curbed]Christopher Cameron


Related Articles

arrow_forward_ios
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork’s side businesses are fizzling

CoStar reaches $11M settlement in copyright infringement suit against Xceligent

620 Sixth Avenue and RXR Realty's Scott Rechler (Credit: Getty Images, RXR Realty)

RXR gets $400M+ from Goldman Sachs to refi Sixth Avenue building

A New York court’s greenlight of a class action against Big City Realty could change the dynamic of class action suits. (Credit: iStock)

“Nightmare” for landlords: Court OK’s class action against Harlem owner

WeWork founder scrambled for $100M loan before $1.7B bailout

The Daily Digest - Tuesday

WeWork’s cash flow troubles, selling NYCHA’s air rights and more: Daily digest

arrow_forward_ios