D.C. best place for Millennials to live, survey says
Matt Chung saw the benefits of being a young person living in the nation’s capital: Easy access to public transit, lots of fellow Millennials and plenty of social and professional networking opportunities.
“D.C. is a cool city because no one is from there, so everyone is looking to make friends and get out and meet people,” says Chung, who graduated from Georgetown in 2014 and lived in nearby Arlington, Va. “It’s easy to make friends and be social.”
As a Millennial, Chung compares his experience living in Washington, which was recently named the best place for Millennials by WalletHub, to New Orleans, where he is a second-year law student at Tulane. In contrast to Washington, Louisiana falls near the bottom of the list. New Mexico ranked worst.
Although he pays nearly two times less for rent, Chung noted the poor road conditions, the absence of a metro system and the lack of infrastructure to make New Orleans more accessible.
WalletHub compiled a list of the most livable places for the 18- to 35-year-old age group using data from all 50 states and D.C., based on affordability, education and health, quality of life, economic health and civic engagement. Thirty key indicators of living standards were considered, including average monthly earnings.
According to the survey, the nation’s capital is home to the highest share of Millennials, comprising nearly 35% of their total workforce.
Runner-up North Dakota has the lowest share of Millennials living with their parents as well as the lowest Millennial unemployment rate. No. 3 Minnesota boasts the highest Millennial homeownership rate at nearly 50%.