Millennials continue to move to cities in droves, as jobs and services tailored to their needs move in right beside them. The generation that prefers Uber to their own cars and Airbnb to hotels is also willing to trade the American dream of owning a home for the thrills of city life.
In New York City, where the median cost to rent an apartment tops $4,350 per month, millennials — who can roughly be defined as people between ages 20 and 36 — make up nearly one-fifth of the population. Across the country in San Francisco, recent graduates can expect to drop as much as 79% of their monthly salary on a place to live.
But urban dwellers are finding ways to make it work.
Take a look at some of the more unusual living situations that young city residents call home.
Like many young people living in the Bay Area, Sarah Patterson found her first city dwelling on Craigslist. Instead of a tiny apartment, however, her new home was located in a marina.
Patterson, 24, bought a sailboat online four days after moving. She declined to name the cost, but most Bay Area boat owners pay between $250 and $1,111 monthly to dock.
Additional fees apply if the person wants to live aboard their vessel. Patterson told Business Insider in December that the cost of sailboat upkeep can also be prohibitive.
Patterson said the money she saved by not renting an apartment in San Francisco enabled her to launch a startup — a direct-to-consumer, organic skincare company called Salinity.
Read more about Patterson's life at sea »
See the rest of the story at Business Insider