Millennials live at home with parents,not seattle

Real Estate

Kaila McLean never planned to become a “boomerang kid.” That term, if you’re not familiar, refers to the growing number of young adults who’ve moved back in with their parents after living on their own, usually for financial reasons.

After earning a degree in integrated energy management from Central Washington University in June, McLean, 24, landed a job in her field back home in Seattle. She began looking for her own place — and that’s when she ran smack into the grim reality of one of most expensive rental markets in the nation.

One apartment she checked out recently was a 409-square-foot, rent-subsidized studio in Kent, only eligible to people making less than $45,000 a year.

“It was $1,500 a month, not including utilities, and parking was another $150,” she said. Plus there was the monthly fee for McLean’s two dogs. “It all added up to about $2,000 a month.”

Click here for more information: https://www.seattletimes.com/seattle-news/data/bucking-national-trend-seattle-millennials-least-likely-to-live-at-home-with-parents/