A benefit of having a higher income: less likely to have roommates

Even as single-person households are the largest group of households in the United States, it takes more resources to have that level of privacy:

“When you look nationwide at the share of households that had roommates or lived with parents, it did start to increase in the years just before the housing bust,” said Aaron Terrazas, senior economist with Zillow. “But it really took off during the financial crisis” that began in 2007, often referred to as the Great Recession.

Since 2005, the doubling up has increased at the same rate among employed and unemployed adults, regardless of age, Zillow found. The share of 20-somethings living in doubled-up households climbed faster than any other age bracket, but people in their 50s came in second.

The median individual income of an employed adult in a doubled-up household is $30,000, compared with the $45,000 earned by those living alone.

“I think there are both demographic and economic forces driving this doubling up — living with parents or living with roommates,” Terrazas said. “In the near term, I don’t see those forces turning around.”

I suspect more Americans would want to live alone – for reasons that sociologist Eric Klinenberg describes in Going Solo – but resources can hold them back. I wonder if the same trend is present on college campuses: those students with more resources live in solo rooms or can live in nicer settings off campus while others may not be able to access those residences.

More broadly, this gets at what Americans think about privacy and intimacy, personal space, and what home should be like. Are roommates really only an option until you find something better (a family or relationship of your own choosing, living by yourself because you can afford it)? Does this help explain why Americans have such big dwellings compared to much of the world (they need space to get away from others who live in the same residence)?

One thought on “A benefit of having a higher income: less likely to have roommates

  1. Pingback: Single person household, harder to buy a home | Legally Sociable

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