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Richmond easier on millennials than other metros

07/07/2016

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Believe it or not, some renters across the country are actually able to save money, according to a recent Zillow report that shows where the most millennials live on their own with relative affordability. At a time when one in five millennials still lives at home with mom and/or dad, it’s comforting to know some places make living easier on the new generation. Just two hours south of Washington D.C., where median rents in certain neighborhoods reach $3,037, sits Richmond, Virginia — the city with the highest percentage of millennials living on their own in Zillow’s study. The reasons behind this are many, but some conclusions can be extrapolated from the area’s recent economic growth. Currently, unemployment in Richmond is only 5.7 percent (compared to the national 6.3 percent…

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