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Millennials in America have hit a significant milestone according to the latest data from the U.S. Census Bureau: a homeownership rate of 51.5%. While it's true that more millennials own homes now than ever before, where you buy a house can make or break whether you'll be able to afford to keep it, especially coming from a generation that came of age during the financial crisis. In September, Scholaroo, a college scholarship resource, ranked the states with the highest and lowest millennial homeownership rates based on data from the U.S. Census Bureau.
Persons: you'll Organizations: U.S . Census Locations: America, U.S, Scholaroo
It can be tough to be a millennial. They want to retire millionaires but are struggling to balance lifestyle costs and financial goals. While many factors can contribute to this, where millennials live can affect how well they can do. Metrics included cost of living, homeownership rate, unemployment rate, average income, retirement age and average FICO score. New York and California might be major work hubs for millennials, but neither state made the top 10.
Organizations: New Locations: New York, California
The prices in the candy aisle feel a lot more like a trick than a treat these days. This year Americans are expected to spend $3.6 billion on Halloween candy, up from $3.1 billion last year, according to the National Retail Federation. However, while candy prices are going up nationwide, some states are experiencing bigger price hikes than others. Scholarship database Scholaroo analyzed the increase in candy prices since 2020 using data from the candy and chewing gum price index. These are the states where Halloween candy prices have increased the most, and the least, since last year.
Organizations: Reese's, National Retail Federation Locations: Hawaii, Pennsylvania
Massachusetts, Rhode Island and New Hampshire were the top US states for young grads, a new analysis found. Massachusetts offers an average salary of $50,182 for young job seekers, adjusted for the cost of living. The 10 states that ranked top overall were Massachusetts, Rhode Island, New Hampshire, Maryland, Connecticut, Vermont, Washington, Minnesota, New Jersey, and Oregon. Meanwhile, Vermont, New York, California, Rhode Island, and Maryland ranked top for the lowest gender pay gap. AdvertisementAdvertisementThe states with the highest number of restaurants and bars were Hawaii, Montana, Rhode Island, New York, and Oregon.
Persons: grads, Scholaroo Organizations: Service, Young, , New York, Forbes, Maryland Locations: New England . Massachusetts, Rhode Island, New Hampshire, Massachusetts, Wall, Silicon, Rhode Island , New Hampshire , Maryland , Connecticut , Vermont, Washington , Minnesota , New Jersey, Oregon, ,, California, Southern, Alabama , Mississippi, West Virginia, North Dakota, South Dakota, Rhode Island , Maryland, Virginia, , Vermont , New York , California, Idaho , Vermont , Wyoming , Maine, Hawaii , Montana , Rhode Island , New York
And according to one report, Massachusetts is the best state that offers young workers plenty of jobs, affordable living and fun amenities. The New England state ranks No. These are the top 10 states for young workers to find jobs, live affordably and have fun, according to Scholaroo:Massachusetts Rhode Island New Hampshire Maryland Connecticut Vermont Washington Minnesota New Jersey OregonMassachusetts, in particular, ranks highly for jobs, health and workplace diversity factors, but trails in its affordability. It also ranks highly safety, workplace diversity and leisure, but scores lowest on the jobs front. The Scholaroo analysis also ranks states by subcategories across jobs, finances and lifestyle aspects.
Organizations: U.S . Labor Department, Census, Scholaroo : Massachusetts Rhode, Scholaroo : Massachusetts Rhode Island New Hampshire Maryland Connecticut Vermont, Rhode, South :, CNBC Locations: Massachusetts, New England, Scholaroo, Scholaroo : Massachusetts, Scholaroo : Massachusetts Rhode Island New Hampshire Maryland, Scholaroo : Massachusetts Rhode Island New Hampshire Maryland Connecticut Vermont Washington Minnesota New Jersey Oregon Massachusetts, New York, California, New Hampshire, U.S, North Dakota, Hawaii, South, South : West Virginia , Mississippi , Alabama, Louisiana, Oklahoma
Below, we've compiled stories with tips for prospective homeowners, investors, and renters. And for those opting to continue renting since this path is increasingly cheaper than taking on a new mortgage payment, one piece shows where rents are falling the fastest. Sean Pavone/ShutterstockThis list from Scholaroo shows where prospective homeowners can find the cheapest combo of prices and property taxes relative to local incomes. John M Lund Photography Inc/Getty ImagesThis piece on an analysis by CoreLogic shows where investors are betting on most right now. Earlier in August, Goldman Sachs said they expect home prices on a national basis to grow another 1.8% this year.
Persons: we've, Goldman Sachs, hasn't, Sean Pavone, El Paso , Texas Denis Tangney Jr, Alan Diaz, Doug Ressler, John M, David Greene Organizations: CoreLogic, Service, AP, Kansas, John M Lund Locations: Wall, Silicon, El Paso , Texas, Kansas City , Missouri, Scholaroo
It's not an easy time to buy a home with prices and mortgage rates elevated. Scholaroo recently ranked cities by affordability, looking at prices, taxes, and incomes. Supply remains tight, and 30-year fixed mortgage rates have again risen over 7%. In a recent report, Scholaroo published an analysis of 152 cities that looked at their median home prices, median property taxes, mortgage payment-to-income ratio, and average monthly household incomes. Using this data, the firm created in an index to determine the cheapest places to buy a home in the US.
Persons: It's, it's, Scholaroo
The firm expects home prices in these cities to grow between 20%-43% in that time frame. To form their projections, they calculated the average annual change in home prices over the last five years across 152 cities. Below, we've compiled in ascending order the 14 markets where prices are expected to jump by at least 20% in three-years time. Among those 14, some are still relatively affordable, with five having current median home prices under $200,000 and two having a median under $85,000. Below are the cities, their current median home prices, their projected three-year growth rates, and the prices those translate to by 2026.
Persons: Scholaroo, Skylar Olsen, we've Locations: Scholaroo
There is plenty of guidance out there about the best places in the United States—and even around the world—for retirees to spend their golden years. But if health care and overall wellness are top of mind, there is a list for you as well. "Wellness" focuses on things like air quality, food insecurity for the elderly, access to nature and climate change. Surprisingly Florida, a destination for American retirees, didn't make the top 10. Here are the states that topped the list, and the states that landed at the very bottom.
Total: 9