12 million millennials are still living with mom

by Steve Randall14 May 2018

More Americans age 24-36 live with their moms than at any time in the past decade.

There are around 12 million millennials living at home, almost a quarter of the generation, up from just 13.5% in 2005.

The figures are revealed in an analysis by Zillow which shows the situation was driven by slow wage growth as rents were rising; but the trend has continued even as the labor market has improved.

"Living with parents may allow young adults to pursue work or a passion that may not be especially lucrative or save enough money for first and last month's rent or a down payment on a home of their own” said Zillow senior economist Aaron Terrazas.

The markets with the largest, smallest share of at-home millennials
But the share of young Americans living at home is not consistent nationwide as more live with parents where housing costs require a larger share of income.

In Miami, New York, Riverside, Calif. and Los Angeles, more than 30% of millennials live at home with their mom. These are also among the country's pricier rental markets where rents typically consume upwards of 35% of the median income.

Meanwhile, in Austin, Texas, the smallest share of millennials live at home with their mom(14%). Renters in Austin can expect to put less than 30% of their income toward a rental payment. Other markets with a small percentage of millennials living with Mom include Seattle, Denver and Oklahoma City.

“In booming Western markets, relatively few young adults live with parents, not because rents are cheap but because family is far away. There is also a small slice of this young adult population that has mom living with them instead. Perhaps mom needs extra care as she ages or has moved in with an adult child to help raise her grandchildren," adds Terrazas.

Metropolitan Area

Share of
Millennials
Living w/
Mom in
2005

Share of
Millennials
Living w/
Mom in
2016

Zillow Rent
Index (ZRI)

Share of
Income Spent
on Monthly
Rent Payment

Unemployment
Rate Among
Millennials
Living with
Mom

United States

13.5%

22.5%

$ 1,447

28.9%

11.6%

New York, NY

20.4%

30.3%

$ 2,400

38.8%

11.4%

Los Angeles-Long Beach-Anaheim, CA

18.4%

30.2%

$ 2,753

47.3%

8.5%

Chicago, IL

15.8%

26.1%

$ 1,654

29.0%

11.5%

Dallas-Fort Worth, TX

9.8%

19.7%

$ 1,606

29.0%

9.1%

Philadelphia, PA

18.4%

28.5%

$ 1,581

27.7%

11.0%

Houston, TX

12.9%

22.3%

$ 1,558

29.4%

12.2%

Washington, DC

13.0%

21.8%

$ 2,148

25.9%

10.2%

Miami-Fort Lauderdale, FL

15.6%

33.4%

$ 1,865

42.1%

10.3%

Atlanta, GA

10.7%

23.3%

$ 1,397

25.9%

13.0%

Boston, MA

14.7%

23.2%

$ 2,379

33.4%

9.2%

San Francisco, CA

14.1%

21.1%

$ 3,420

39.9%

10.0%

Detroit, MI

15.4%

24.2%

$ 1,208

24.6%

14.7%

Riverside, CA

17.6%

33.0%

$ 1,885

36.7%

12.7%

Phoenix, AZ

9.7%

21.0%

$ 1,364

26.9%

12.1%

Seattle, WA

9.2%

14.4%

$ 2,208

30.9%

8.7%

Minneapolis-St Paul, MN

8.5%

16.5%

$ 1,643

26.1%

8.2%

San Diego, CA

11.8%

23.3%

$ 2,550

41.2%

11.8%

St. Louis, MO

12.6%

19.5%

$ 1,150

22.2%

12.1%

Tampa, FL

10.8%

22.0%

$ 1,377

30.8%

11.6%

Baltimore, MD

15.2%

24.2%

$ 1,745

26.0%

11.4%

Denver, CO

8.9%

15.0%

$ 2,054

32.4%

8.4%

Pittsburgh, PA

15.9%

23.0%

$ 1,075

21.6%

14.4%

Portland, OR

8.0%

17.0%

$ 1,860

31.3%

9.3%

Charlotte, NC

10.4%

19.5%

$ 1,299

24.8%

12.7%

Sacramento, CA

12.3%

22.4%

$ 1,852

33.0%

8.8%

San Antonio, TX

14.3%

29.2%

$ 1,345

27.7%

7.7%

Orlando, FL

10.1%

24.0%

$ 1,442

31.1%

11.0%

Cincinnati, OH

10.9%

18.8%

$ 1,282

24.6%

11.2%

Cleveland, OH

14.7%

21.3%

$ 1,149

25.5%

14.7%

Kansas City, MO

9.0%

15.4%

$ 1,282

24.1%

13.0%

Las Vegas, NV

11.2%

24.1%

$ 1,302

27.4%

12.5%

Columbus, OH

8.8%

16.8%

$ 1,324

25.5%

11.0%

Indianapolis, IN

7.9%

16.8%

$ 1,207

24.7%

12.0%

San Jose, CA

14.3%

21.3%

$ 3,523

36.3%

9.8%

Austin, TX

8.0%

13.9%

$ 1,686

27.3%

8.1%

Virginia Beach, VA

11.6%

23.3%

$ 1,408

26.4%

11.1%

Nashville, TN

9.2%

16.6%

$ 1,499

28.7%

11.3%

Providence, RI

17.5%

26.2%

$ 1,664

30.5%

8.6%

Milwaukee, WI

11.9%

17.5%

$ 1,367

27.1%

11.4%

Jacksonville, FL

11.1%

19.6%

n/a

26.3%

8.4%

Memphis, TN

13.4%

23.7%

$ 1,088

25.0%

14.8%

Oklahoma City, OK

9.6%

15.2%

$ 1,100

22.9%

10.5%

Louisville-Jefferson County, KY

12.6%

18.8%

$ 1,194

25.2%

18.0%

Hartford, CT

17.8%

24.2%

$ 1,604

25.7%

14.5%

Richmond, VA

11.9%

22.6%

$ 1,396

25.6%

12.9%

New Orleans, LA

19.3%

26.8%

$ 1,385

33.3%

14.1%

Buffalo, NY

16.2%

22.2%

$ 1,216

25.9%

9.1%

Raleigh, NC

6.5%

17.2%

$ 1,439

22.9%

14.2%

Birmingham, AL

13.6%

22.5%

$ 1,054

23.5%

16.4%

Salt Lake City, UT

10.6%

19.0%

$ 1,591

26.8%

9.0%

 

 


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