North Dakota is the Best State for Millennials
North Dakota has once again been named the best state for Millennials.
According to our friends at WalletHub, the state of North Dakota tops the list of states for where Millennials need to be right now. For the record, Washington, D.C. finished first overall when adding it to the list, but technically it's not a state so, from our standpoint, it doesn't get that distinction.
North Dakota ranked either first or in the top ten in several of the key categories used as determining factors throughout the study. For instance, in North Dakota, Millennials were 1st in the unemployment rate and 1st in lowest percentage of Millennials living with parents. The state also finished 2nd in percentage of Millenials, 5th in housing cost for Millenials, and 9th in average monthly earnings for Millenials. On a completely different side-note, this paragraph has also probably set the record for the number of times 'Millennials' has been used in one paragraph.
The state has the third highest proportion of its civilian, non-institutional population between ages 20-24. It also has the lowest unemployment rate for that age range at 4.6% (in comparison, the average state is at 10.7%). Rental costs and college tuition are also less expensive than the average.
Rounding out the top five on the list behind North Dakota are Minnesota, Massachusetts, Iowa, and Wisconsin. The five worst on this list are Alabama, Nevada, Mississippi, West Virginia, and New Mexico.
That being said, it's a great time to be young in North Dakota.