+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

These 11 metro areas have the highest percentage of millennials living on their own

Jun 30, 2016, 00:02 IST

A man poses in his bedroom during a photo session after an interview in a disused food wholesale facility in Argenteuil, near Paris.REUTERS / Gonzalo Fuentes

Living in your mom's basement is more than a stereotype now.

Advertisement

Recently, there have been a number of stories about millennials moving back in with their parents. For millennial men, around 35% of them live with a parent, as opposed to 28% who live with a significant other, according to data from Zillow.

"With home prices and rents rising as fast as they are, it's a common assumption that young adults in many cases cannot afford to live alone," Svenja Gudell, chief economist at Zillow, said in a news release.

"Though that may be true in some markets, there's still a large number of amazing places across the U.S. that are prime for millennials to thrive independently"

And she's right. In some areas of the country, millennials have found a way to make living alone work.

Advertisement

In areas with a robust jobs market and relatively high incomes, millennials are moving out of mom's basement and into a place of their own.

The numbers are small, though. Only 8.9% of millennials live alone in the US, according to data from Zillow.

Read on to see some of the metro areas where millennials are beating the averages...

Next Article