Iowa Is One Of The Best States For Millennials
It's 2020. Are you working hard or hardly working? Despite the often negative rap, millennials are working hard, but you couldn’t tell from looking at their bank account sadly. Issues like student debt, stagnant wages, and avocado toast have millennials really struggling.
As an earning group, 23-38 years old make less and have less assets than their parents did just a generation ago. However, where they live can make a major difference in their quality of life.
And great news: Iowa is SECOND best state to be a millennial in the USA according to Zippia.
So how did Iowa end up so high only losing out to Utah for the top spot? Zippia used this metric:
- Millennial Unemployment Rate
- Average Student Loan Debt
- Millennial Home Ownership
- Percent Of Millennials Living In Poverty
Iowa's score in those categories?
Home Ownership: 43%
Poverty Rate: 11%
Student Loan Debt: $29,314
Zippia's write-up on Iowa states,
Right behind Utah is Iowa. While Iowa may bring to mind cornfields, it’s the #2 best state to be a millennial. Iowan millennials have an 11% poverty rate and are pretty likely to be working, with a millennial unemployment rate of 4%. Both of those factors fuel high homeownership rates.
In case you are wondering, the full Top 10 states for millennials:
- North Dakota
- New Hampshire
- South Dakota