Chicago makes top 10 list of millennials living with mom

SHARE Chicago makes top 10 list of millennials living with mom

According to a new report from Zillow, 26 percent of millennials in Chicago live with their mother. Chicago ranks fifth on the list. | AP file photo

Looks like many Millennials won’t have to go out of their way to see mom for Mother’s Day.

That’s because nearly 23 percent of Millennials already live with their mother, according to a new report from Zillow, an online real estate database company. In 2005, about 14 percent did so.

To crunch the numbers, Zillow analyzed U.S. Census Bureau data from 2005 through 2016, focusing on households in the 50 largest metros that included a mom, and a younger resident age 24 to 36.

“You would expect young adults living at home to return to historic norms,” said Aaron Terrazas, senior economist at Zillow, speaking about how we’ve recovered from the housing bubble. “But the trend hasn’t decreased — if anything, it’s increased.”

Fewer Millennials are moving into their own place becausehousing pricesare outpacing wages, Terrazas said.

Student loan debt has also becomea major barrierto home ownership in America. More than 80 percent of people age 22 to 35 with student debt and who haven’t bought a house yet, blame their educational loans, according to the National Association of Realtors.

Here are the cities in which the most Millennials reside with mom.

Miami-Fort Lauderdale33.4%
New York City30.3%
Los Angeles-Long Beach-Anaheim30.2%
Washington, DC21.8%
Dallas-Fort Worth19.7%

RELATED: Goodbye, empty nest: Millennials staying longer with parents

The Latest
Schools often continue to serve as a breeding ground for gang violence. Armed security guards and metal detectors remain as necessary as textbooks and a cafeteria.
The Nets have been working with Durant to find a trade partner, and he has multiple teams on his preferred list.
The plot about 11-year-old Gru (Steve Carell) is mostly just a mechanism for Minion mayhem.
“Clarence Thomas has proven himself over and over again — particularly in that concurring opinion — that he is somebody who doesn’t care or respect the rights of anyone except for himself,” Mayor Lori Lightfoot said Thursday.
Losing the two schools would be devastating for the Pac-12 and could lead to another round of conference realignment impacting every league in the Power Five.