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In some cities of California, parents have roomy: their adult children.
Three metropolitan areas of California welcome the highest actions from 25 to 34 years old living at the home of a parent compared to other American metros, according to a new analysis By Pew Research Center, a non -partisan research organization.
In the metros of Vallejo and Oxnard-Thousand Oaks-Ventura, 33% of young adults lived with their parents in 2023, Pew discovered. (These metros are in the San Francisco Bay region and outside Los Angeles, respectively.)
In El Centro, east of San Diego near the American-Mexican border, 32% of young adults live at home, according to Pew.
These actions are significantly higher than an average of 18% in the United States. In some metros, the share is as low as 3%.
Young adults can save around $ 13,000 a year by living with their parents, according to a 2019 federal reserve analysis. About half of these savings – $ 6,400 – comes from housing and public services, he revealed.
Nationally, 50% of parents with a child over 18 years old provide them with some financial supportOn average $ 1,474 per month, according to Savings.com.
Metros with high and weak shares of young adults at home
These are the 10 metropolitan zones with the highest shares aged 25 to 34 living with their parents in 2023, according to PEW:
- Vallejo, California – 33%
- Oxnard-Mille Oaks-Ventura, California-33%
- The Center, California – 32%
- Brownsville -Harlingen, Texas – 31%
- Riverside-San Bernardino-Ontario, California-30%
- Merced, California – 30%
- McAllen-Edinburg-Mission, Texas-29%
- Naples -Marco Island, Florida – 29%
- Pleasant root, Wisconsin – 29%
- Port St. Lucie, Florida – 29%
These are the 10 metropolitan zones with the lowest shares from 25 to 34 years old living with their parents in 2023, according to PEW:
- Odessa, Texas – 3%
- Lincoln, Nebraska – 3%
- Ithaca, New York – 3%
- Bloomington, Indiana – 3%
- Bozeman, Montana – 4%
- Cheyenne, Wyoming – 4%
- Wausau, Wisconsin – 5%
- Midland, Texas – 5%
- Manhattan, Kansas – 6%
- Bismarck, northern dakota – 7%
Demographic data is an engine
Demographic data – and their interaction with personal finances – seem to be the main engine of the high actions of young adults living with their parents in certain metros, said Richard Fry, principal researcher in Pew and co -author of the analysis.
There are fewer young white adults and more young Hispanic, black and Asian adults in the top 10 metropolitan areas with the largest proportions of 25 to 34 years old living at home, said Fry. (The only exception is root, Wisconsin.)
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“The areas where there are more young minority adults tends to have more young adults living at home,” said Fry. “This is not always the case, but it is a model.”
Young black and Hispanic adults are less likely to have a university degree and tend to have lower income accordingly, said Fry.
“Being able to live independently can be more a problem for them,” he said.
The typical black or Hispanic worker, aged 25 to 34, earned around $ 46,000 per year in 2022, according to to the National Center for Education Statistics. The typical worker for young adults earned $ 58,000.
Part of the reason can also be cultural, said Fry. There are probably other factors at stake such as the cost of living, although the correlation is not as strong, he said.
Many metros with low shares of young adults living at home are university cities, said Fry.
For example, Ithaca, New York, welcomes Cornell and Bloomington University, Indiana, has a university in Indiana, said Fry. Many young adults here are probably university graduates who are well educated and choose to stay there after having graduated instead of moving home, he said.
Nationally, the share of young adults living at home climbed from the early 2000s, culminating at 20% in 2017, according to Pew. (It decreased to around 18% in 2023.)
Unemployment increased during the great recession and it took many years in the labor market to heal, said Fry. Meanwhile, young adults today are more likely than older generations Being with a student debt.
