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Nearly half of Miami-area millennials live at home, study says


A higher percentage of Millennials are living at home in the Miami-area (Miami-Fort Lauderdale-West Palm Beach) than any of the other 15 Metropolitan Statistical Areas (a population of 1 million and up), according to a study by Abodo, which puts the figure at a staggering 45 percent, about 11 percentage points higher than the national average.

Second is Riverside-San Bernardino-Ontario, at 44.5 percent, and third is New York-Newark-Jersey City, at 43.8 percent.

In separate studies, Miami ranked fourth nationally in top destinations for millennials, behind San Antonio, Jacksonville, and Tampa despite having the highest median home price ($349,500) of the 10 cities listed, and then ranked 39th in millennial population growth from 2005-2015, showing a 4.1 percent decrease.