The Pew Research Center found last year that the current generation of 18-to-34-year-olds (millennials) are more likely to be currently living with their parents than to be living with a spouse or significant other, or living alone or with roommates, for the first time in 130 years.
Apartment search site Abodo took that Pew data and found that 34.1 percent of millennials across America are still living under mom and dad’s roof. To understand why, Adobo looked at 16 metropolitan statistical areas (cities with populations over 1 million people) that exceeded the national average.
The results? Austin isn’t as much of a slacker city as you might think.
The Austin-Round Rock area landed at the bottom of Adobo’s list at No. 40, with 22.3 percent of the city’s millennials still living at home. That’s 11.8 percent below the national average. And, just 8 percent of Austin’s millennials are unemployed, compared to the 10 percent national average.
Austin millennials are also raking in more money than the national average, whether they live at home or not; those living at home took in $1,314 a month, while those living on their own or with other people took in $2,329 a month. Unsurprisingly, the housing market in Austin isn’t kind to millennials. They pay almost $200 more than the national average in median rent.
The area with the highest population of millennials living at home is the Miami-Fort Lauderdale-West Palm Beach, Fla. area, with 44.8 percent of that area’s millennials living at home. The largest contingent of stay-at-home-kids in Texas is in the San Antonio-New Braunfels area, at 36.2 percent.