Credit.com: Good jobs and affordable homes: millennials should look to these cities

Millennials have a reputation for being poor savers and impulsive buyers. The truth is most millennials have a higher level of financial literacy than most people realize.

One report shows one in six millennials have over $100,000 in savings. That alone should tell you that a good percentage of the “digital generation” is more conscious about their finances.

There is also other research indicating that a vast majority of millennials are turning toward renting houses, apartments, and condos as opposed to purchasing real estate.

Because home prices are increasing, renting is more convenient.

Not only that, but millennials are constantly looking for better job prospects, and are often willing to move across the country if an opportunity seems promising.

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