Iowa Is One Of The Best States For Millennials
It's 2021. 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.
Why Iowa is a millennials paradise
As an earning group, 23-38 years old make less and have fewer assets than their parents did just a generation ago. However, where they live can certainly make a major difference in their quality of life.
And great news: Iowa is the SECOND best state to be a millennial in the USA according to Zippia. Now, Zippia is sort of hit or miss (in my opinion) with their studies so, take it with a grain of salt. Since this is a study about millennials, maybe Himalayan salt.
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