Where Do Millennial Renters Outcompete Older Generations?
By Nadia Evangelou, Senior Economist, Director of Forecasting, NATIONAL ASSOCIATION OF REALTORS®
Here are the top 10 metro areas where millennial renters are outpacing older renters:
In these metro areas, the income for millennial renters is higher than the income for Gen Xers. Specifically, millennial renters earn, on average, nearly 20 percent or $8,000 more than Gen Xers. For instance, in the Boston, Mass. metro area, which includes parts of New Hampshire, the median income for millennial renters was $69,530 compared to $53,530 for Gen X renters.