These are the top 10 big cities where millennials can afford to buy a home. (via CNBCMakeIt)
, the unemployment rate is just 2.1%. Millennial median household income in Des Moines is $78,200, or 17% higher than the nationwide figure, while housing prices areAny buyer that comes in and starts looking at what it cost to rent vs. buy and weighing the options, they'll see it's better to own.Millennials benefit from Midwestern affordability
He didn't have to go far: In November he bought a home in Grand Rapids, Michigan, which ranks No. 2 on our list. That helps explain why eight of the top 10 metros we ranked are located in more affordable Midwestern states.In cities like New York and Seattle, the price of a mortgage is often more than people pay in rent. But in the metros we ranked, usually the cost of a monthly mortgage payment is lower than the cost of rent.
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