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Iceland Mag

Culture

Young adults in Iceland still less likely to live with parents, despite a sharp increase in rents

By Staff

  • Happy and independent Iceland has the sixth lowest share of  young adults staying with parents, 56.9%. In many European countries this share is over 80%. Photo/Sara McMahon.

Despite a significant increase in the number of young adults living at home with their parents over the past decade, Icelanders are still significantly more likely to leave the nest before their late 20s.

Read more: Study: Ease of communication between Icelandic children and their parents among the greatest in the world

Young adults living at home
Leaving the nest early Iceland has the sixth lowest share of young adults living with parents. Photo/Statistics Iceland

According to newly released figures from Statistics Iceland the number of young adults living at home has increased significantly since 2005, especially among young women. According to Statistics Iceland the number of people aged 20-24 who live with their parents increased from 48.1% in 2005 to 56.9% in 2015. The European Union average is over 70%. Iceland has the sixth lowest share in Europe, following the other Nordic countries and Britain.

Among women in this age group the share jumped from 36.7% in 2005 to 54.7% in 2015. Young women are now almost as likely as young men to live with their parents. 59% of men aged 20-24 lived with their parents. A major reason for the growing number of young adults staying with parents is the rising price of rent, which has spiked due to competition from Aribnb‘s

Read more: The rent is too damn high: increased by 40% since 2011

After 24, the age people typically complete their undergraduate degrees, the number of people living at home drops sharply, although it too, has increased over the last few years. In the age group 25-26 only 21.4% still live with their parents. In 2009 this figure was 15.5%.

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