We tend to think of New York as a hub for millennials living paycheck to paycheck, hindered by a higher-than-average cost of living coupled with their average yearly salary of $64,000. But young professionals are struggling throughout the nation. A new report detailed in the Washington Post looked at 25 major cities across the U.S. and found that in nearly half of these locales, "a millennial living alone in a one-bedroom apartment would need to spend more than 30 percent of his or her income on rent — surpassing the threshold for what financial experts say is affordable." The solution, though, could be to get a roommate. Take New York, where millennials spend about 34 percent of their income on rent. By shacking up with a buddy, they can save $728 a month, or 14 percent of their income.
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