Gen Z Long Islanders live at home to save for houses, apartments, independence
Rachel Weiss, newsday.com
In 2025, 49% of young adults under the age of 30 lived with a parent in the United States, according to a report by the Federal Reserve. This figure increased by 12 percentage points from 2019, the data shows.
On Long Island, Gen Z is up against steep housing costs: While prices fell slightly in September to a median home sales price of $860,000 in Nassau and $740,000 in Suffolk, they were still up year over year. Long Island was also recently named the strongest seller's market in the country, according to Redfin data.