STUDY: Alabama ranked 8th worst state for millennials

Local News

(Courtesy of Shutterstock)

HUNTSVILLE, Ala. (WHNT) — The State of Alabama has been labeled the 8th worst state for millennial residents, according to a new survey from WalletHub.

Alabama found itself ranked low in almost every category for living and working as a millennial:

  • 35th in percentage of millennials living with parents
  • 38th in percentage of millennials overall
  • 43rd in average monthly earnings for millennials
  • 27th in millennial homeownership rate
  • 46th in millennial unemployment rate
  • 42nd in percentage of insured millennials
  • 45th in percentage of millennials with depression

The top five states for millennials to live and work are Washington, D.C., Utah, Massachusetts, and Iowa. West Virginia ranked last in the survey.

The label “millennial” applies to anyone born between 1981 and 1996, but some researchers push the label spanning as far from the early 1980s to the early 2000s. The generation has also been referred to as “Generation Y.”

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.