The Best And Worst States For Millennial Homebuyers

Millennials face a very imbalanced, mixed financial landscape in the United States these days. On the one hand, for example, unemployment is low, but on the other hand, salaries have stagnated in terms of growth. This combined with increasingly burdensome obligations like student loan debt contribute to a rising cost of living, especially among younger Americans. And a significant corollary is the lack of affordable housing, leading to a smaller percentage of Millennials buying and owning homes, a trend which doesn’t bode well for long-term prosperity.

In order to help Millennials find affordable housing, a recent study conducted by finance website GOBankingRates analyzed median home prices across the U.S. relative to the national median income for Millennials, defined as people ages 25 to 34, due to the Census Bureau’s data parameters. That income is $60,932.      MORE

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