Press release from Lattice Publishing:
To find the best-paying metropolitan areas for millennials, researchers at HireAHelper analyzed the latest data on income and home prices from the U.S. Census Bureau and Zillow. The researchers ranked metro areas according to the cost-of-living adjusted median income for full-time working millennials. Researchers also calculated the unadjusted median income for full-time millennials, the median home price, and the millennial homeownership rate.
To improve relevance, only metropolitan areas with at least 100,000 people were included in the analysis. Additionally, separate rankings were generated for small (100,000–349,999 residents), midsize (350,000–999,999 residents), and large (1,000,000 or more residents) metros.
The analysis found that in the Asheville, NC metropolitan area, millennials earn a cost-of-living adjusted median income of $37,473. Here is a summary of the data for the Asheville, NC metro area:
Median income for full-time millennials (cost-of-living adjusted): $37,473
Median income for full-time millennials (unadjusted): $35,000
Median home price: $285,420
Millennial homeownership rate: 40.2%
Cost of living (compared to the national average): -6.6%For reference, here are the statistics for the entire United States:
Median income for full-time millennials (cost-of-living adjusted): $42,000
Median income for full-time millennials (unadjusted): $42,000
Median home price: $259,906
Millennial homeownership rate: 39.9%
Cost of living (compared to the national average): N/AFor more information, a detailed methodology, and complete results, you can find the original report on HireAHelper’s website: https://www.hireahelper.com/lifestyle/best-paying-cities-for-millennials/
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