For young adults, owning a home can be a daunting and expensive task. As a result, it is common for most young adults to take place in house sharing, which is an easy way to save money. It’s so common now that one in three young adults live with some type of roommate.
According to a National Association of Home Builders, around 34 percent, of U.S. young adults ages 25-34, (nearly 15 million) live with parents, relatives or roommates.
Living with parents is the most popular option. In 2016, 21.1 percent of young adults, or 9.4 million, lived with parents in 2016. The number nearly doubled from the 11.6 percent of young adults who lived with parents in 2000.
Besides parents, young adults also chose to live with other relatives. In 2016, 2.3 million young adults lived with relatives. The amount rose from 3.7 percent in 2000 to 5.2 percent in 2016.
The last option, living with a roommate, has steadily increased over the years as well. In 2000, 5.1 percent of young adults lived with a roommate. In 2016, the amount rose to 7.5 percent, meaning 3.3 million young adults lived with a roommate. Living with roommates was more popular in states where the living prices are more expensive, like New York and California.