April 29, 2024
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Press Release
Florida ranks low as a Millennial-friendly state, says WalletHub study
The state ranks 42 out of 50 states, plus the District of Columbia, for being a state where Millennials are thriving.
With millennials today making up the largest generation in the U.S. workforce yet earning 20 percent less than Baby Boomers did at the same age, the personal-finance website WalletHub conducted an in-depth analysis of 2017's Best & Worst States for Millennials.
In order to determine the most livable places for this generation, WalletHub’s analysts compared the 50 states and the District of Columbia across 24 key metrics. The data set ranges from share of millennials to average monthly earnings for millennials to millennial unemployment rate.
Living & Working as a Millennial in Florida (1=Best; 25=Avg.):
- 48th – % of Millennials Living with Parents
- 32nd – Housing Cost for Millennials
- 48th – % of Millennials
- 38th – Average Monthly Earnings for Millennials
- 27th – Millennial Homeownership Rate
- 38th – Millennial Unemployment Rate
- 50th – % of Millennials with Health-Insurance Coverage
| State Rank | State | Total Score | Affordability Rank | Education & Health Rank | Quality of Life Rank | Economic Health Rank | Civic Engagement Rank |
| 42 | Florida | 39.30 | 32 | 39 | 35 | 34 | 46 |
For the full report, please visit WalletHub.com
