In the Washington metropolitan area, 18 percent of 25-to-35-year-olds lived with their parents in 2022, according to a new data analysis by Apartment list.
The share of young adults living at home in the local region has been on the rise, in line with the national trend. In 2000, just 10 percent of 25-to-35-year-olds lived with their parents.
Living with parents is more common among those without higher education, but has been on the rise even for those with degrees. In 2022, 13 percent of young adults in the metro area with a bachelor’s degree or higher lived with their parents, up from 6 percent in 2000. For those without degrees, the share living at home jumped from 13 percent in 2000 to 26 percent in 2022, according to the data.
“Those young adults who live at home today are also more likely to be there out of necessity rather than choice,” Apartment List analysts said. “Fewer than one in five are earning incomes that would allow them to comfortably afford local rent prices, a far lower share than in the past.”
The Washington region ranks slightly above the nation as a whole; according to Apartment List’s figures, 17 percent of those in the 25-to-35-year-old age group were living with their parents in 2022, up from 15 percent. According to federal census data, the rate was under 10 percent in 1960, 1970 and 1980, and only marginally higher in 1990 and 2000 (11% and 10%, respectively).
In fact, the 2022 figures represent the highest percentage of that age group living with parents since the 1940 census.
Each of the nation’s 50 largest metros saw its share of young adults who live with their parents increase between 2000 and 2022. In the Riverside, Calif., metro, that share has tripled over that period, from 10 percent in 2000 to 30 percent in 2022. This represents both the highest present-day rate among large metros, and the sharpest increase over the past two decades.
Los Angeles, Miami, New York City and Detroit also saw more than 20 percent of the younger age group still living with parents.
Some of the lowest percentages were reported in Austin, Nashville, Seattle, Denver and Minneapolis. “These markets have all experienced a notable waning of housing affordability to varying degrees, but they have also all experienced booming economic growth,” Apartment List noted.
For the full report, go to https://tinyurl.com/3fv93zr4.