Millennials living with mom on the rise in U.S. cities
                 Source: Xinhua | 2018-05-13 04:17:31 | Editor: huaxia

Pedestrians walk past metal bollards at Times Square in New York, the United States, on Jan. 3, 2018. (Xinhua/Wang Ying)

NEW YORK, May 11 (Xinhua) -- New York City is among the top five U.S. cities where the most millennials live with mom, finds a new report.

More millennials age 24 to 36 are living at home with their moms now than any other time in the past decade, according to a report by real estate site Zillow.

Nationwide, 22.5 percent of millennials - or about 12 million young adults - are still living with their mom or both parents, the report found.

In New York City, as well as with Miami, Los Angeles and Riverside, California, more than 30 percent of millennials live at home. And San Antonio, Texas, ranks the 5th with 29.2 percent.

Despite a strong economic recovery, the share of millennials living with their moms has been increasing since 2005, when just 13.5 percent lived with their moms, the report said.

Rents have been increasing faster than incomes, pushing kids back into parents' home, according to Zillow.

In New York City, the median rent is 2,400 U.S. dollars per month, according to Zillow, and that means New Yorkers who are not living at home are spending 38.8 percent of their income on rent.

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Millennials living with mom on the rise in U.S. cities

Source: Xinhua 2018-05-13 04:17:31

Pedestrians walk past metal bollards at Times Square in New York, the United States, on Jan. 3, 2018. (Xinhua/Wang Ying)

NEW YORK, May 11 (Xinhua) -- New York City is among the top five U.S. cities where the most millennials live with mom, finds a new report.

More millennials age 24 to 36 are living at home with their moms now than any other time in the past decade, according to a report by real estate site Zillow.

Nationwide, 22.5 percent of millennials - or about 12 million young adults - are still living with their mom or both parents, the report found.

In New York City, as well as with Miami, Los Angeles and Riverside, California, more than 30 percent of millennials live at home. And San Antonio, Texas, ranks the 5th with 29.2 percent.

Despite a strong economic recovery, the share of millennials living with their moms has been increasing since 2005, when just 13.5 percent lived with their moms, the report said.

Rents have been increasing faster than incomes, pushing kids back into parents' home, according to Zillow.

In New York City, the median rent is 2,400 U.S. dollars per month, according to Zillow, and that means New Yorkers who are not living at home are spending 38.8 percent of their income on rent.

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