Sick of your roommate's annoying girlfriend? Tired of paying way too much for a crappy apartment?

Maybe it's time to move back in with your parents.

For the first time in 130 years, that's the most popular living arrangement among adults, aged 18 to 34, according to a new Pew Research Center analysis of census data.

Nearly a third of millennials live with their parents, slightly more than the share of their age group who live with a spouse or partner. For this age group, the researchers say, this is the first time that living at home has overtaken living with a spouse since the U.S. Census began keeping track in 1880.

The proportion of young adults now living with their parents is similar to the proportions that prevailed from 1880 through 1940, when the figure peaked, Pew found. Yet in those decades, the most common arrangement for young adults was living with a spouse rather than with parents.

"We've simply got a lot more singles," Fry said. "They're the group much more likely to live with their parents."

The share of young adults living with their parents is higher in housing markets where rents and mortgages consumes a bigger share of the median household income, according to data provided by Zillow.

In New York City, for example, where the average rental costs 40 percent of the median income, some 30 percent of working aged millennials are living with their parents. In Kansas City, Missouri, on the other hand, where the average renter spends just 24 percent of median income, just 14 percent of working aged Millennials are living at home. (Source: CNBC)

Story Date: May 25, 2016