Study: Orlando is one of the top places where grown-up children still live with parents
ORLANDO, Fla. (FOX 35 ORLANDO) - Orlando's sky high rents could be a factor in why the city ranks high for grown children still living with their parents.
A new study by LendingTree's MagnifyMoney shows that Orlando comes in at No. 10 with 21 percent of adults between the ages of 25-40 still living with their parents. Of those who live at home, around 28 percent have children of their own living there too.
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When it comes to men and women, 51.5 percent of those living at home are males and 48.5 percent are females, according to the Orlando Sentinel.
Miami was ranked No. 2 nationally with 27.7 percent. Riverside, California topped the list with 28.1 percent.
Orlando has been suffering through an affordable housing crisis. A new report by Apartment List Rentanomics found that Orlando rent prices are increasing faster than anywhere else in the nation, rising 3.1 percent in the last year. Median rents in Orlando stand at $1,060 for a one-bedroom apartment and $1,270 for a two-bedroom.