A new study by financial website WalletHub.com finds that Ohio is among the nation’s better states for millennials, who are now ages 23-38. The Buckeye State is ranked 15th best overall by WalletHub. When comparing neighboring states, only Pennsylvania is ranked higher.
For its study, WalletHub looked at 36 key metrics across 50 states and the District of Columbia to determine where the millennial generation has thrived and struggled. Categories include millennial unemployment rates, percentage of millennials living with their parents, and quality of life. According to WalletHub, Ohio is fourth best for housing affordability, eighth best for overall affordability, No. 14 for civic engagement, and No. 19 for quality of life. Ohio’s worst ranking came in the area of “economic health,” in which it was No. 35.
Meanwhile, another study — this one from the National Association of Realtors — found that Dayton, Cleveland, Akron, and Toledo are all in the top 10 most affordable metro areas for millennial homebuyers. Roughly half of all homes on the market in these cities are priced right for millennials, according to the realtors group. 5/29/2019