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All age, demographic, income and home ownership statistics were derived from the U.S. Census Bureau’s 2017 American Community Survey 1-Year PUMS Data. Median home value and price per square foot were sourced from Zillow.
Across the entire U.S., millennials who work full-time make an average $43,913 per year. But this amount ranges widely by location. For example, millennials in Homosassa Springs, FL make an average of $26,225 per year. By contrast, millennials in the tech capital of San Jose, CA make an average of $75,644 per year—nearly three times as much.
As a general personal finance rule of thumb, it’s best if housing costs don’t exceed 28 percent of household income. Based on this rule, the average millennial could afford to buy a home that costs up to $260,678, given an average annual income of almost $44,000. (This assumes a 30-year fixed mortgage with a 20 percent down payment at today’s interest rates.)
The national homeownership rate for millennial households is 38.1 percent, compared to 63.9 percent for all households. Not surprisingly, geographic variance in affordability translate into significant differences in homeownership.
With white households now holding nearly six times the wealth of African American or Hispanic households, this troubling gap persists into retirement.
Tulip growers in the Netherlands are asking millennials to stop taking selfies among the flowers after tourists caused thousands of euros' worth of damage.
Recently, it came to light that the Trump administration has been pressuring U.S. Immigration and Customs Enforcement to release immigrant detainees to "sanctuary cities" in order to target the president's political opposition. On at least two occasions, the White House pushed ICE to transport detained immigrants across the country and release them in small-to-medium sized municipalities that ...
Facebook is bracing for a massive fine from federal regulators after a year of data privacy scandals.
This is a very interesting year when it comes to the NFL draft's QB class. There is an obvious top 4, but there is no agreement as to how the four line up. In fact, from my perspective, I am questioning whether I have the right guy at the top. I’ll g…
The quick answer: It depends on what the rest of your finances look like.
Alice Miranda Ollstein of Politico, Kimberly Leonard of the Washington Examiner and Rebecca Adams of CQ Roll Call join KHN’s Julie Rovner to discuss the latest news about women’s reproductive health policy and the latest skirmish in the debate over “Medicare-for-all”: how hospitals should be paid.
PHILADELPHIA - On April 30, Mike Mitchell, vice chairman of the Graham Company insurance brokerage, will convene a summit of business leaders in the Philadelphia region and urge them to hire people with intellectual and developmental disabilities (IDD). His motivation is deeply personal, and startling: Mitchell was born the middle child of five siblings; his four brothers and sisters were ...
Gas prices seem to fluctuate each week without warning, but you can fight back by filling up your tank on the right day, according to a new survey by GasBuddy.
WASHINGTON - Herman Cain's withdrawal from consideration for a seat on the Federal Reserve Board has intensified the scrutiny of President Donald Trump's other controversial choice for the central bank, economics writer Stephen Moore. Like Cain, Moore has yet to be formally nominated for the board. His background check continues, and Trump hasn't signaled he's reconsidering, according to a ...
Taxes on internet sales have created a small windfall for Pennsylvania, according to state officials - thanks to a U.S. Supreme Court ruling and the rapid growth of online retail. The state's Department of Revenue initially estimated that tax revenue from marketplace sales would total $50.5 million in the current fiscal year. But between the start of the fiscal year in July and the end of ...
If you're one of them, here's what to do.
CHICAGO - United Airlines is giving its aircraft a makeover for the first time in nearly a decade. United teased the announcement with a video on Twitter Tuesday night, showing workers stripping the paint from an aircraft before applying the new design, which was unveiled at an event at O'Hare International Airport on Wednesday. Mark Krolick, United's vice president of marketing, described it ...
Authorities say they have found what they believe is the body of a 5-year-old Illinois boy who went missing last week, and that his parents have been charged with murder in his death.
Everybody getting nervous? Find out which series are safe, which ones stand a chance, and which ones are on life support.
We've unveiled mock drafts of all shapes and sizes and from each of our writers and contributors this NFL draft season, but here's our final collaboration, from Arthur Arkush and Hub Arkush, attempting to connect as many dots as possible with a littl…
If you happened to check out the latest ranking of states for their "economic outlook" published last week by the right-wing political group ALEC, you would be excused for concluding that California is deep in an economic hole and digging itself deeper. ALEC, the American Legislative Exchange Council, has updated these rankings every year or so since 2008. They're prepared by economist Arthur ...
DALLAS - AT&T lost more than half a million TV customers and about 83,000 subscribers to its streaming DirecTV Now service in the first three months of this year, the company reported Wednesday. But AT&T CEO Randall Stephenson said the company is on track with its major goals: paying down billions of dollars in debt, boosting free cash flow and stabilizing its entertainment group. Stephenson ...
The CW's entire freshman class has been renewed.
The Wisconsin Institute for Law and Liberty filed an amicus brief at the Wisconsin Supreme Court on behalf of former lawmakers in League of Women Voters v. Legislature.
Stacker uses Niche’s 2018 college metro rankings to find the best colleges in San Francisco. Niche takes into account student life, student reviews, academics, financial aid, job prospects, and more for a comprehensive ranking system.