One Year of Living at Home Could Be Seriously Worth It

One Year of Living at Home Could Be Seriously Worth It

Young adults will pay big bucks to move to an exciting new city after college — I should know; I moved from my $400 apartment in mid-Missouri to take up an entry-level media job in New York City, where my housing costs quadrupled overnight. (I ate a lot of $1-a-slice pizza that first year.)

But if you're lucky enough to have grown up in a big city, you just might consider delaying your total independence by moving back to mom and dad's. The savings could be worth it — up to $30K a year if you're lucky enough to have parents in San Francisco.

Those are the stats as calculated by Money, based on data for the average monthly rent, utility bills, internet costs and grocery expenses in some of the biggest U.S. locales.

Cities Where You Can Save the Most by Moving Home

1. San Francisco, California
Potential Savings: $31,390
Average Rent: $2,181.48
Average Utilities: $114.28
Average Internet: $52.75
Average Groceries: $268.93

2. New York, New York
Potential Savings: $28,725
Average Rent: $1,964.08
Average Utilities: $128.48
Average Internet: $58.92
Average Groceries: $241.84

3. San Jose, California
Potential Savings: $19,547
Average Rent: $1,244.35
Average Utilities: $115.55
Average Internet: $57.33
Average Groceries: $208.47

4. Los Angeles, California
Potential Savings: $18,309
Average Rent: $1,152.61
Average Utilities: $130.86
Average Internet: $51.20
Average Groceries: $191.85

5. Chicago, Illinois
Potential Savings: $17,329
Average Rent: $1,056.08
Average Utilities: $134.86
Average Internet: $50.98
Average Groceries: $199.11

6. Austin, Texas
Potential Savings: $16,120
Average Rent: $954.31
Average Utilities: $155.50
Average Internet: $48.98
Average Groceries: $187.57

7. San Diego, California
Potential Savings: $16,099
Average Rent: $984.22
Average Utilities: $105.77
Average Internet: $53.89
Average Groceries: $192.75

8. Philadelphia, Pennsylvania
Potential Savings: $15,863
Average Rent: $907.70
Average Utilities: $126.87
Average Internet: $63.24
Average Groceries: $209.92

9. Houston, Texas
Potential Savings: $14,104
Average Rent: $795.71
Average Utilities: $143.11
Average Internet: $54.73
Average Groceries: $184.91

10. Dallas, Texas
Potential Savings: $12,590
Average Rent: $702.99
Average Utilities: $138.60
Average Internet: $50.30
Average Groceries: $160.80

Suddenly, the idea of moving back home, especially if you already grew up in a big city, doesn't seem so bad. Given 32% of 18- to 34-year-olds now live with their parents, generally for about three years' time, the savings could be totally worth it. Even one year at home could mean making a serious dent in student loan payments, credit card debt, building an emergency fund or even stashing away for a home of your own.

That said, moving back into the room you plastered with *NSYNC posters isn't the only way to save cash. If you're on your own and spending more than you'd like on rent, here are ways to cut down your housing costs. Or if the American Dream is in your sights, consider these up-and-coming housing markets that aren't totally outrageous — yet.

RELATED: The Surprising Reason Millennials Are Buying Homes

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