Atlanta, which is ninth among major U.S. metro areas with about 850,000 working-age millennials, has 165,000 of them still living with parents (19.7 percent). That places Atlanta 15th among the cities studied. Atlanta's percentage did increase slightly, up from 18.4 in 2013, but its nine-year high for millennials living with parents was 19.9 percent in 2012.
In 2005, the first year covered by the analysis, around half the current number of those ages 24-34 in Atlanta lived with parents (10.3 percent).
The Zillow analysis also showed that the number of working-age millennials sheltering with parents is fairly stable across racial and ethnic lines, though a few cities had notable growth in certain categories.
These are the percentages of Atlanta adults ages 24-34 who lived with their parents, by race and ethnicity, in 2014:
- Black: 8.9 percent
- White: 7.3 percent
- Hispanic: 1.7 percent
- Asian: 1.4 percent
The Zillow analysis also points out that in 2014, 14.1 percent of 24- to-34-year-olds living with at least one parent were unemployed, compared to 6.1 percent of those who were on their own.
To read more about the Zillow study, click here.