Sheldon, Iowa — A few months ago we told you about a ranking naming Sheldon as the “#1 Best Town In Iowa To Retire”, but as it turns out, Iowa is also rated as being very favorable for millennials. The website money-rates.com rates the Hawkeye State #4 on their “Best States For Millennials” list for 2016.
The ranking cites the unemployment rate among young adults of just 5.8-percent as Iowa’s greatest strength in this study, though the state also does fairly well in most other categories. The study cites two exceptions, a mediocre score for Internet connectivity, and a well below-average score for rental availability.
The four highest ranking states in the study were our neighboring states of North Dakota, which ranked #1, South Dakota came in at #2, with Nebraska rated #3. Rounding out the list were Montana at #5, Louisiana at #6, Indiana at #7, Kansas at #8, Wyoming at #9, and Texas at #10.
Other Midwest state rankings for millennials found Minnesota at #11, Missouri at #13, Illinois at #18, and Wisconsin at #24.
The rankings were based on eight different criteria: Unemployment rate among young adults; percent of state population composed of young adults; in-state cost of 4-year public colleges; availability of residential rentals; average cost of residential rentals; percentage of population with access to broadband internet; the number of bars, pubs, and nightclubs per 1,000 young adults, and the number of fitness clubs per 1,000 young adults.
So you may be wondering which state came in last? Well, wonder no more. The state of Washington has the dubious honor of holding down last place in the study.