Overview

• The share of young adults aged 25–34 living with parents in the U.S. was 18% in 2023, down from a peak of 20% in 2017 but still historically elevated.
• California metro areas like Vallejo and Oxnard-Thousand Oaks-Ventura have the highest rates, with 33% of young adults living at home, compared to as low as 3% in some Midwestern cities.
• Economic factors such as stagnant wages and job market challenges, combined with cultural influences, drive the trend, with Black, Hispanic, and Asian young adults more likely to live with parents than white peers.
• Living with parents saves young adults an estimated $13,000 annually, with significant financial benefits cited as a key motivator.
• Contrary to assumptions, local housing costs are not strongly correlated with the prevalence of young adults living at home, according to the Pew analysis.