New Study Shows ‘Best States for Millennials’

    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:

    New Study Shows ‘Best States for Millennials’ | MyKCM

    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:

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

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

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    Danny Cheung

    I spent over twenty five (25) years with the Department of Defense in the hardware/software design and development as well as program management prior to joining the Group in a full time capacity. I am thrilled to put my years of experience as an Electronics Engineer to assist and lead our Real Estate Group to the next level. I am committed to establishing the tools and resources necessary for our team members to work more seamlessly and effectively thus ensuring our clients full satisfaction. My wife and I have two daughters and a dog (he's more like our son). I enjoy travelling and watching sports especially football…Go Skins!

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