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Reply to "Are millennials under 25 in the DC area priced out of getting married, having kids, owning a home?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Long story short. I recently had to discourage an extended family member (recent grad) from relocating to the DC area. I told her it made better sense financially to stay in her home state (midwest) where the cost of living is lower. Much lower. She asked for my advice and I gave it to her. Should I have been more optimistic? [/quote] I was told the same thing in 1986. [/quote] It's bad advice because there truly are more and better career opportunities in a city like DC. When you first graduate college DC will be a much harder place to live and the salary differential won't be enough to make up for the higher cost of living. However over time you'll make a lot more money than you would in a small town or flyover city and you'll be able to save a lot more for retirement. People also move up the ranks here faster. [/quote]
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