Survey Reveals Nearly Half of Americans Are Working From Home
Published on: October 22nd, 2020
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Laird Real Estate & Associates follows several different companies, such as Lending Tree, in an effort to always be providing the customer with vital information regarding the real estate industry.
The coronavirus pandemic has upended the way Americans work, with more and more employees working from home if they have the privilege to do so.
However, a new LendingTree survey finds that not all work-from-home spaces are created equal. For starters, men are more likely to have access to a dedicated home office space than women, and more millennials and Gen Zers are working from their bedroom or living room than baby boomers and Gen Xers.
The survey of more than 2,000 respondents, including 700-plus remote workers, provides a glimpse at how Americans currently feel about working remotely.
- Overall, 47% of respondents are currently working from home. Members of Generation X, men, Northeasterners, and those with an annual income of at least $100,000 are among those most likely to work remotely.
- Men working remotely are 60% more likely than women to be using their own dedicated office space. Men are also more likely to be completely satisfied with their remote work space than women (72% versus 47%, respectively).
- Nearly half (48%) of millennials are either working from their bedroom, living room or kitchen table. On the other hand, older Americans are more likely to work from their own dedicated office space.
- Homeowners are primarily working from a dedicated office space, while a majority of renters turned to their living rooms. Homeowners are also more satisfied with their remote work location than renters (75% versus 44%, respectively).
Nearly half of Americans are currently working from home
Our survey found that 47% of Americans are working remotely from home these days. The top three in-home workspaces are:
- Dedicated office space (42%)
- Living room (19%)
- Bedroom (18%)More than half (53%) of all homeowners are primarily working from their own dedicated office space, while renters primarily turned to their living rooms (26%). Another 24% of renters have a dedicated home office, while 22% work remotely from their bedroom.More than a quarter (27%) of survey respondents say they’re thinking about moving within the next year to a new house or apartment in their local area. Of those in this group, 27% are thinking of moving because they’re looking for different features, such as a bigger kitchen or office space. This finding underscores the growing importance homebuyers are placing on purchasing a property that includes space for a home office.
“The demand for home office space — and space in general — is driving up sales of larger homes faster than smaller homes,” said Tendayi Kapfidze, LendingTree’s chief economist. “Price increases accompany the increase in demand and this erodes some of the benefits of low mortgage rates. To maximize buying power, it’s even more important for home shoppers to compare mortgage offers from a variety of lenders.”
Northeasterners are most likely to work from home. Here’s the regional breakdown:
- Northeast: 60%
- West: 44%
- South: 42%
- Midwest: 39%
Older generations are more likely to work from a home office
Baby boomers are the generation most likely, at 56%, to have their own dedicated office space, followed by Generation X (50%). However, 3 out of 4 Gen Xers work from home, which is more than any other generation. Here’s the breakdown:
- Gen X: 76%
- Millennials: 53%
- Gen Z: 51%
- Baby boomers: 21%
- Silent generation: 8%
About 1in 5 millennials say they most often work from their living room, while more than a quarter (27%) of Gen Zers work from their bedroom.