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Survey: Millennials want more jobs, cheaper housing

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Millennials in New Jersey want lower taxes, increased job opportunities, affordable housing and improved, cheaper mass transit in order to stay in the state.

According to a survey of 975 state residents by the New Jersey Society of CPAs, 34 percent of respondents said high property taxes as the biggest reason millennials are leaving the state, while 16 percent said bringing more businesses into the state to create a higher-paying job market was also key. Some 14 percent said that building more affordable housing would be go a long way in getting them to stay.

According to the most recent Census data, New Jersey has the highest outward migration of millennials in the U.S., while roughly 47 percent of people under 34-years-old are still living with their parents – the highest rate among all states in the country. The national average is 34 percent.

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Vince Calio

Vince Calio

Vince Calio covers health care and manufacturing for NJBIZ. You can contact him at vcalio@njbiz.com.

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