Mississippi, Arkansas among worst states for millennials

MEMPHIS, TN (WMC) - With millennials today making up the largest generation in the U.S. workforce yet earning 20 percent less than Baby Boomers did at the same age, the personal-finance website WalletHub has released its report on 2019’s Best & Worst States for Millennials.

In order to determine the most livable places for this generation, WalletHub compared the 50 states and the District of Columbia across 36 key metrics. The categories range from share of millennials to average monthly earnings for millennials to millennial unemployment rate. Arkansas was ranked 46th overall, and Mississippi was 49th. Tennessee ranked 27th.

Best States for Millennials

Massachusetts
District of Columbia
Washington
Minnesota
Wisconsin
Colorado
Iowa
Utah
Pennsylvania
California

Worst States for Millenials

West Virginia
New Mexico
Mississippi
Oklahoma
Louisiana
Arkansas
Nevada
Kentucky
South Carolina
Alabama

Best vs. Worst

The District of Columbia has the highest share of millennials, 34.63 percent, which is 1.7 times higher than in Maine, the lowest at 20.00 percent.

North Dakota has the lowest share of millennials living with their parents, 14.46 percent, which is 3.2 times lower than in New Jersey, the highest at 46.42 percent.

Delaware has the highest millennial homeownership rate, 50.54 percent, which is 2.6 times higher than in the District of Columbia, the lowest at 19.23 percent.

The District of Columbia has the highest average monthly earnings for millennials, $5,253, which is 2.1 times higher than in Mississippi, the lowest at $2,514.

North Dakota has the lowest millennial unemployment rate, 3.66 percent, which is 3.7 times lower than in Mississippi, the highest at 13.65 percent.

To read the full report and see where other states ranked, click here.