By Gene Balk / FYI Guy
The Seattle Times
WWR Article Summary (tl;dr) One-third of Americans age 18 to 34 are living with their parents, which has overtaken living with a spouse to become the most common household arrangement for people in this age group in the U.S. However, in Seattle only 10% live at home which is the lowest percentage among the 50 U.S. cities with the largest millennial populations.
The Seattle Times
Kaila McLean never planned to become a “boomerang kid.” That term, if you’re not familiar, refers to the growing number of young adults who’ve moved back in with their parents after living on their own, usually for financial reasons.
After earning a degree in integrated energy management from Central Washington University in June, McLean, 24, landed a job in her field back home in Seattle. She began looking for her own place — and that’s when she ran smack into the grim reality of one of most expensive rental markets in the nation.
One apartment she checked out recently was a 409-square-foot, rent-subsidized studio in Kent, only eligible to people making less than $45,000 a year.
“It was $1,500 a month, not including utilities, and parking was another $150,” she said. Plus there was the monthly fee for McLean’s two dogs. “It all added up to about $2,000 a month.”
So for the time being, she’s back in her old room at her parents’ house in Seattle’s Magnolia neighborhood, saving up money for her own apartment.
McLean is among the one-third of Americans age 18 to 34 living with their parents, which has overtaken living with a spouse to become the most common household arrangement for people in this age group in the U.S.
But among her peers in Seattle, McLean’s situation is much less typical. Census data show that in the city, only one in 10 18-to-34 year olds — about 23,000 people — live under the same roof as their parents, despite the fact that the cost of living is so high here.