Massachusetts in Top 3 Best States for Millennials
Many millennials have specific preferences for their living and working spaces. They appreciate environments that encourage collaboration, work-life balance, and personal growth. Scholaroo, a platform that simplifies the search for…
Many millennials have specific preferences for their living and working spaces. They appreciate environments that encourage collaboration, work-life balance, and personal growth. Scholaroo, a platform that simplifies the search for college scholarships, has unveiled its second edition of the best and worst states for millennials.
Their analysis incorporated 52 metrics that impact the decisions of millennials regarding where to live, including considerations such as the cost of living, homeownership rates, unemployment rates, and median student loan debt, and other factors. Scholaroo's data team compared all 50 states and assigned rankings to provide insights into the best and worst states for millennials.
Where Massachusetts Ranls
Massachusetts secured the third position on their ranking list. As mentioned in the study, Minnesota, Utah, and Massachusetts are the best states for millennials for the second consecutive time. Their research highlights Massachusetts as having the highest average income among millennials, followed by New Jersey and Maryland in that category. Residents of Massachusetts have some of the highest average earnings nationwide, with Massachusetts workers earning an annual average salary of $76,600, as mentioned in the study.
The state stands out for its strong rankings in employment opportunities, healthcare access, and workplace diversity factors, although it faces challenges in terms of affordability.
Previously ranked 25th, California has climbed to the 15th spot as the best state this year. Meanwhile, New York has significantly improved its position, jumping from 41st to 29th.
Worst States for Millennials
On the other hand, the least favorable states for this generation are Mississippi, Louisiana, and Alabama, holding positions 48, 49, and 50. This year, there has been a switch between Alabama and Louisiana. According to the study, Alabama, which was previously ranked 49th, has moved up, while Louisiana, formerly at 50th place, has shifted down, making Alabama the worst state for this generation.
If you want to check out how other states fared in their rankings, you can dive into the complete study here.
