From affordable housing and transport to flourishing job markets and cultural activities, heres our picking of the hottest spots for a good life
Millennials are a boomerang generation. The number of 20 – to 34 -year-olds living at home with their parents increased by 25% between 1996 and 2013 in the UK. Last year, 58% of 20- to 24 -year-olds, 21% of 25 – to 29 -year-olds, and 8% of 30- to 34 -year-olds in the UK lived with mothers. Its a similar story in the United States, where one in five people in their 20 s and early 30 s live their lives their parents.
But when the family home is not an option, where should millennials head to make their money go further? YouthfulCities, a global index founded by consultancy firm Decode, ranked 55 cities on their affordability in 2015, employing a range of statistics including, memorably, the number of hours needed to work at the local minimum wage to buy a dozen eggs( Detroit is top for egg affordability ).
When it comes to rent, Berlin ranks no 1 among the 55 cities despite a 28% rise between 2007 and 2014, and the efforts of some landowners to beat recent rent cap legislation. Even so, according to living index Numbeo, a one-bed apartment in Berlins city centre will, on average, define you back 510 a month, compared with 1,680 in London.
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