50%
The share of millennials who are renters; among the remainder, 26% own a home and 21% live with family.
The share of millennials who are renters; among the remainder, 26% own a home and 21% live with family.
$925
The median monthly rent millennials are paying.
The median monthly rent millennials are paying.
The share of millennial renters has increased from 37% in 2010 to 50% today; during that same period, homeownership among this demographic has decreased by 10%, to 26%.
Two-thirds of apartment renters live in cities.
62%
The percentage of millennials who work full time, the largest share of whom—27%— earn between $50,000 and $74,999.
The percentage of millennials who work full time, the largest share of whom—27%— earn between $50,000 and $74,999.
70%
The percentage of Gen Yers who expect to be homeowners in the next fi ve years.
The percentage of Gen Yers who expect to be homeowners in the next fi ve years.
Thirty-seven percent of millennials consider themselves “city people,” but only 13% live in or near downtown areas.
26.3 million
The number of American households composed of millennials, over one-fi fth the U.S. total.
The number of American households composed of millennials, over one-fi fth the U.S. total.
Two out of fi ve
millennials living at home were independent at one time.
millennials living at home were independent at one time.
Thirty-one percent of millennials who live at home returned there to save money for a down payment.