Top 25 American cities where millennia still live with their parents

Millennials have acquired a bad reputation by leaving the nest later than their parents – 35% of millennials still live with their parents, according to the country's Financial Security Index.

Debt related to student loans and high housing costs have created an expensive climate in which it is difficult to save; Living at home gives millennia more time to draw money and focus on long-term goals, said Doyle Williams, executive vice president of Country Financial, in a press release.

MagnifyMoney recently looked at areas of the United States where most adults still live at home. To determine its ranking, they examined the 50 largest metros in America and used the 2017 US Census data to calculate the percentages of people aged 25 to 40 living in a household with at least one parent. This age group belongs to the millennial generation, as defined by the Center for Generational Kinetics (CGK). Jason Dorsey, president of CGK, told Business Insider he viewed millennials as people between the ages of 23 and 40.

MagnifyMoney excludes students living at home in their calculations. The unemployment rate is the percentage of the millennium living at home and unable to find work; the percentage of those who do not work and do not look for work refers to millennials living at home who are not in the labor force.

In Miami, Los Angeles and New York, more than one in four people aged 25 to 40 live with their parents. In the 25 largest cities where the millennials live at home, men in this age group are more likely to live with their parents.

Keep reading to see a ranked list of cities in which most millennials live at home.

Are you a millennial who lives at home and has a story to share? Send an email to the reporter at [email protected].