Published: 1:42 pm, Wed. Apr. 11th, 2018Updated: 1:41 pm
With millennials comprising the largest generation in the U.S. workforce while earning 20 percent less than Baby Boomers did at the same age, the personal-finance website WalletHub today released its report on the 2018 Best and Worst States for Millennials.
In order to determine the most livable areas for people of this generation, WalletHub compared all 50 states and the District of Columbia across 30 key metrics, ranging from share of millennials to average monthly earnings to unemployment rate.
New Mexico ranked last on the list.
Contributing to the state’s bottom ranking were the following placements:
• 36th in percentage of millennials living with parents
• 27th in housing costs for millennials
• 24th in percentage of millennials residing in the state
• 47th in average monthly earnings for millennials
• 19th in millennial homeownership rate
• 46th in millennial unemployment rate
• 43rd in percentage of insured millennials
• 25th in percentage of millennials with depression
Just above New Mexico among the worst states for millennials were West Virginia, Mississippi, Nevada and Alabama. The District of Columbia was ranked the best spot for millennials, followed by North Dakota, Minnesota, Massachusetts and Iowa.
To view the full report, visit wallethub.com/edu/best-states-for-millennials/33371.