No matter how low the rent is in North Dakota, there are no doubt plenty of millennials who would prefer to live in a shoebox in New York City than a mansion in Fargo.
But a ranking of the top 10 states for millennials by MoneyRates.com based on a number of economic and social metrics, such as youth unemployment, college tuition, rent prices, the number of nightspots, and the number of health clubs, is informative nonetheless, and includes a few surprises.
As the list shows, the classic destinations for big dreamers — New York, California — aren't necessarily the best places to set up shop before you hit it big. Housing is expensive, jobs are not necessarily plentiful, and oftentimes the restaurants and bars are prohibitively pricey for those in entry-level positions.
Here are the top 10 states for millennials:
Oil and gas development in the Bakken formation in northwestern North Dakota has created an uptick in the number of young oil workers moving to the area.
10. Texas
Contrary to the largely rural states that make up the rest of the list, Texas is a rapidly growing state that boasts three of America's 10 largest cities. Although it still has strong ties to the oil industry, the Lone Star State has also become a major tech center, a fact that has made it a top destination for young professionals. There is decent rental availability, but rent certainly isn't cheap in many of the large cities.
Devils Tower National Monument is one of many areas of natural beauty millennials in Wyoming have available to them.
9. Wyoming
The cheap college tuition (University of Wyoming is the cheapest four-year in-state college tuition in the country) and rock-bottom rents make the Cowboy State a great place to enjoy breathtaking beauty on the cheap. It's not hard to find a job that will pay the rent, either.
You might know Kansas as the Sunflower State, but you probably didn't know it has one of the youngest populations in the country.
8. Kansas
Kansas doesn't boast the highest number of nightclubs or fitness facilities, but it does have one of the youngest populations in the country. Couple that with a low youth unemployment rate, cheap housing, and add in the fact that it generally performs well in what MoneyRates called the practical categories, and Kansas might not be just for Dorothy and Toto.
Lake Side Park and Rose Garden in Fort Wayne, Indiana, which was once a booming manufacturing town. Factories across the state are gone now, but the rent is very affordable.
7. Indiana
Like many other states in the Rust Belt, Indiana doesn't have a particularly young population. MoneyRates says that's a “shame,” because it has a high concentration of nightspots, good access to internet connectivity, and affordable rental options, making it a great place for millennials to live well and on a budget (but still with quick streaming for Netflix).
Mardi Gras in New Orleans is a popular destination for young people who come for the party, but decide to move to Louisiana for the weather.
6. Louisiana
The Bayou State has the second highest proportion of young people in the country, some of whom maybe only planned to stay for Mardi Gras but fell in love with the unique culture of the state.
Another reason to stick around? Unlike Wyoming, Indiana and Kansas, winters are a little more bearable, with temperatures averaging in the low 50s.
But there's a catch: Despite its high ranking, the state has the highest rate of unemployment, out-of-school millennials in the country.
Glacier National Park in Montana makes a great getaway for students at any of the state's public universities, which offer very affordable tuition rates.
5. Montana
Montana isn't the first place you think of when somebody says “clubbing,” but the Blue Sky State has the second highest concentration of nightspots relative to its youth population in the country. For those who are looking to go back to school, its public universities also boast the second lowest in-state tuition.
There's not a lot of places to rent in Des Moines, and the rest of Iowa, but unemployment is low for young people.
4. Iowa
Iowa's youth unemployment rate is below 6%, but even with jobs, millennials may find it hard to find a place to crash because of a low supply of rental housing. Also, the internet connectivity rating isn't superb, but maybe that just means Iowa is on the brink of some needed modernization.
Abraham Lincoln has a home in front of Nebraska's capitol, but if you move to the state, you'll have a hard time finding an apartment.
3. Nebraska
The state has the second lowest rate of youth unemployment in the country, and MoneyRates notes that Nebraska fared better in other categories than its predecessors.
Still, it's No. 3 for a reason: The Cornhusker State's housing market hasn't caught up to its population, making it hard to find an apartment.
Want to live near George, Tom, Teddy, and Abe? The rent is really cheap in South Dakota, and the jobs are plentiful.
2. South Dakota
South Dakota is even cheaper than its northern neighbor, with the absolute lowest average rents in the nation. Nearly nonexistent unemployment also suggests young people can find a job to support the measly rent bill. More money to spend on roadtrips to the Badlands and Mount Rushmore.
Oil and gas development in the Bakken formation in northwestern North Dakota has created an uptick in the number of young oil workers moving to the area.
1. North Dakota
And with the surprise win, the Dakotas take the top spots for millennials.
North Dakota edged out South Dakota in MoneyRates list mostly because of its recent economic boom, largely credited to the growing oil industry in the Bakken Formation. The boom (both economic and oil) has attracted many young workers to the state, giving it the highest proportion of people in the 20 to 24 age range and the lowest unemployment rate for that age group at 4.6% (the average for other states is 10.7%).
The economic prosperity, however, is threatened by the dramatic drop in the price of oil over the past year. Still, North Dakota has great internet access and plenty of entertainment for the millennial generation.
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