New study shows 'Best States for Millennial's'

A new study by WalletHub used “30 key metrics, ranging from share of millennial's to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennial's.’
The Top 5 Best States for Millennial's are:

1. Washington, D.C. (also ranks highest in percentage of millennial's already living there!)
   
2. North Dakota (lowest unemployment rate)
3. Minnesota (highest millennial home ownership rate)
   
4. Massachusetts (highest percentage of millennial's with health insurance coverage)
   
5. Iowa (ranked #1 in lowest housing cost for millennial's)
   

Below is a map with the rankings for each of the 50 states:You will see that Maryland ranks number 30

 We recently reported on a study that set out to find out “How Much You Need to Make to Buy a Home in Maryland” which may have left you wondering what the average salaries are in each of the five states listed above.

According to WalletHub’s research, the top 5 states with the Highest Average Millennial Salaries are:

1. Washington, D.C.
2. New York
3. Massachusetts
4. Washington
5. California

Every day, more and more millennial's are aging into the ‘Responsibility Zone,’ the time in their lives when their responsibilities start to dictate their behaviors. For many, this includes buying a home. The top 5 states with the Highest Millennial Home ownership Rate are:

1. Minnesota
2. West Virginia
3. Indiana
4. Utah
5. Delaware

Bottom Line of owning a home in Maryland, Harford County, Baltimore or any surrounding county is next on your list, let’s get together to answer any questions you may have and set you on the path to home ownership! Contact us Today at 443-885-0875 or visit our WEBSITE to start your Home Search! Robert McArtor, Maryland Homes Team, Inc. of RE/MAX Components