New Study Ranks Vermont in the Top 15 ‘Best States for Millennials’
A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’
The state of Vermont ranked in at #14 for millennials overall, with an outstanding education and health ranking of #4 out of 50!
In order to determine the most livable places for millennials, WalletHub compared the 50 states and the District of Columbia across five key dimensions: 1) Affordability, 2) Education & Health, 3) Quality of Life, 4) Economic Health and 5) Civic Engagement.
The dimensions were evaluated using 30 relevant metrics, which are listed below with their corresponding weights. Each metric was graded on a 100-point scale, with a score of 100 representing the most favorable conditions for millennials.
We then determined each state and the District’s weighted average across all metrics to calculate its total score and used the resulting scores to rank-order our sample.
For the purpose of this study, “millennials” were defined as individuals who were born between 1981 and 1997.
Enjoy a side-by-side visual comparison of the findings of the study on Millennials in the United States below:
Every day, more and more millennials are aging into the ‘Responsibility Zone,’ the time in their lives when their responsibilities start to dictate their behaviors. For many, this includes buying a home. The top 5 states with the Highest Millennial Homeownership Rate are:
- West Virginia
If owning a home is next on your list, let’s get together to answer any questions you may have and set you on the path to homeownership!