Share of Young Adults Living with Parents
- According to data from the U.S. Census Bureau, 18.70% of young men and 12.90% of young women lived with their parents in 2024. While this was down slightly from the peak during the pandemic, it is still much higher compared to rates from 1983 to 2010.
- The share of young men living with their parents has been consistently higher than the share of young women living with their parents since 1983.
Young Adults Not Living with their Parents had Higher a Employment Rate
- For young adults, defined by Business Insider as those aged between 18 and 30, those not living with their parents had a higher employment rate (82%) compared to those living with at least one parent (65%) in 2023.
- Young adults living with one parent were less likely to participate in the labor force, with 28% not in the labor force in 2023.
Rent is Largest Cost for Young Adults Trying to Move Out
- Examining data compiled by VisualCapitalist, young adults who hope to move out are projected to need at least $4,326 a month to cover basic living costs.
- Rent is expected to be the largest cost at $2,409 per month, followed by Car payments at $1,098 per month and Student Loans are expected to cost $536 per month.
Where Young Adults are Living at Home and Where They are Moving Out
- 5 of the top 10 regions with the largest share of young adults living at home in 2023 were located in California. The state recently dismantled legislation that had made it difficult to create new housing, and this may help young adults find affordable options to live without their parents.
The Majority of Gen Z Home Applicants were from the Midwest
- The share of home-purchase applicants which are Gen Z was highest in Midwestern metro areas. In the Omaha-Council Bluffs and Des Moines-West Des Moines areas, 21% of applicants were Gen Z.
