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How Much Millennials Earn in Every State

 

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Millennials are now the largest generation in the U.S. labor force, according to the Pew Research Center. With many millennials securing some of the highest-paying jobs available, how does their pay compare to the average American’s?

GOBankingRates determined how much millennials are earning in every state and compared to the average earnings in each state as a whole. The study found that yes, millennials are making more money than the workforce as a whole, perhaps because of the unique strengths they bring to the workplace. In some states, the difference between median millennial earnings and median statewide earnings is less than $1,000. But in others, the difference is close to $10,000.

Click through to see how much millennials earn compared to the average income in every state.

Last updated: April 2, 2019

Alabama

  • Median millennial earnings: $49,004

Alabama has the fourth-lowest median millennial income of all the states, but millennials still earn an average of $4,246 more a year than the median wage earner in the state. The state median earnings are $44,758, which is enough to afford a house in Alabama.

Click To See: How Much Middle-Class Families Earn in Every State

Alaska

  • Median millennial earnings: $75,858

Alaska has the fourth-highest median millennial earnings of all the states — and millennials take home more of their income in Alaska than in most other states since it has no income tax. The state median income in Alaska is $74,444 — $1,414 less than the median income of Alaskan millennials.

Arizona

  • Median millennial earnings: $55,493

On average, millennials earn $4,153 more than the state median income in Arizona, which is $51,340. Although millennials earn more than the average worker in the state, Arizona is one of the states where it takes the longest for millennials to buy a home because of its above-average mortgage payments, a separate GOBankingRates study found.

Arkansas

  • Median millennial earnings: $47,339

The state median income in Arkansas is $42,336 — $5,003 less than the median millennial earnings in the state. Arkansas has the second-lowest median millennial earnings and the third-lowest average household income of all the states.

California

  • Median millennial earnings: $66,979

In California, the median millennial earnings are $3,196 more than the state median earnings. Statewide, the median income is $63,783. However, the median millennial earnings are still not enough to live comfortably in many of California’s major cities, such as San Francisco, which is one of the most expensive cities to live in.

Colorado

  • Median millennial earnings: $67,250

The state median earnings in Colorado are $62,520, which is $4,730 less than what millennials earn. Neither salary is enough to afford a home in Colorado, which requires the fifth-highest salary to buy a home, a separate GOBankingRates study found.

Connecticut

  • Median millennial earnings: $74,770

Connecticut has the sixth-highest median millennial earnings of all the states, and it’s the state with the highest median household income. The state median earnings in Connecticut — $71,755 — are $3,015 less than the median millennial earnings.

BDphoto / iStock.com

Delaware

  • Median millennial earnings: $65,357

In Delaware, the median millennial earnings are $4,340 more than the state median earnings — $61,017. Fortunately, for workers of all ages, there are job skills that are worth six figures.

Florida

  • Median millennial earnings: $51,901

The state median earnings in Florida are $48,900. So, on average, millennials make $3,001 more a year. Still, millennials are making a low salary in Florida compared to other states, so it will take them a long time to save up for a home in the Sunshine State.

Click To See: The Highest-Paid Job in Your State

Georgia

  • Median millennial earnings: $53,084

The median millennial earnings in Georgia are $2,047 higher than the state median earnings. The median income in Georgia is $51,037.

Hawaii

  • Median millennial earnings: $72,915

Hawaii has the seventh-highest median millennial earnings of all the states, but there’s only a $938 difference between the median millennial earnings and the state median earnings in Hawaii. It’s the smallest difference of all the states. Neither salary is enough to afford a home in Hawaii, however.

Idaho

  • Median millennial earnings: $53,078

The state median earnings in Idaho are $49,174 — $3,904 less than the median earnings for millennials in the state. But even with their higher median salary, it would take millennials a long time to buy a house in Idaho, according to a separate GOBankingRates study.

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Illinois

  • Median millennial earnings: $64,227

The median millennial earnings are $5,031 more than the state median earnings in Illinois. The median earnings for the state as a whole are $59,196.

Indiana

  • Median millennial earnings: $54,948

The state median earnings in Indiana are $50,433, which is $4,515 less than the median millennial earnings in the state.

More good news for Indiana millennials: Indianapolis is one of the best cities for aspiring millennial homeowners, a different GOBankingRates study found.

Iowa

  • Median millennial earnings: $62,191

Millennial earnings are $7,621 more than the state median earnings in Iowa, which are $54,570.

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Kansas

  • Median millennial earnings: $58,604

In Kansas, the state median earnings are $53,571, which is $5,033 less than the median millennial earnings in the state. Many millennials are putting their earnings to good use.

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Kentucky

  • Median millennial earnings: $51,584

The average millennial in Kentucky — which has the ninth-lowest median millennial earnings and the fourth-lowest average household income of all the states — makes $6,773 more than the median wage earner for the state as a whole. The state median income is $44,811.

Louisiana

  • Median millennial earnings: $51,402

Louisiana has the eighth-lowest median millennial earnings and the eighth-lowest average household income of all the states. The state median earnings in Louisiana are even lower at $45,652, which is $5,750 below the median millennial earnings there.

KatieDobies / Getty Images/iStockphoto

Maine

  • Median millennial earnings: $56,873

In Maine, the median millennial earnings are $6,047 more than the state median earnings, which are $50,826. It’s not just higher salaries that are making millennials rich — their money habits are making them rich, too.

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Maryland

  • Median millennial earnings: $79,015

Maryland has the third-highest median millennial earnings of all the states, and they’re $2,948 higher than the median earnings for the state as a whole. The median income in Maryland is $76,067. Still, millennials there are making about half of what millennials consider to be a dream salary.

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Massachusetts

  • Median millennial earnings: $80,236

Millennials earn more in Massachusetts than in any other state. And there’s a big difference — $9,309 — between what millennials earn and the state median income in Massachusetts. The median earnings in the state as a whole are $70,954.

Michigan

  • Median millennial earnings: $55,091

In Michigan, the state median earnings are $50,803 — which is $4,288 less than the median millennial earnings in the state. Millennials in Michigan earn slightly more than the per capita income in Australia, a separate GOBankingRates study found.

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Minnesota

  • Median millennial earnings: $71,297

With a state median income of $63,217, there’s an $8,080 difference between the median millennial earnings and the state median earnings. Minnesota has the eighth-highest median millennial earnings of all the states, and Minneapolis is the best city for aspiring millennial homeowners.

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Mississippi

  • Median millennial earnings: $44,609

Mississippi millennials have the lowest median earnings of all the states, which is unsurprising given that  Mississippi has the lowest median household income in the country. The state median income in Mississippi is $40,528 — $4,081 less than the median earnings for millennials in the state.

Lorraine Boogich / iStock.com

Missouri

  • Median millennial earnings: $55,312

The median millennial earnings in Missouri are $5,719 higher than the median state earnings, which are $49,593.

Millennials who want to buy a home should consider St. Louis, which is one of the best cities for aspiring millennial homeowners, according to a separate GOBankingRates study.

debibishop / iStock.com

Montana

  • Median millennial earnings: $55,197

Millennials in Montana make an average of $6,817 more than a person earning the median income in the state. In Montana, the median state income is $48,380.

The median millennial salary — though higher than the statewide median — is still low for millennials who want to buy a home in Montana, so saving for a home there can take some time.

puhimec / iStock.com

Nebraska

  • Median millennial earnings: $59,886

In Nebraska, the state median earnings — $54,384 — are $5,502 less than the median millennial earnings. There’s definitely a financial gap between the boomer and millennial generations.

Nevada

  • Median millennial earnings: $55,131

Millennials are out-earning the average income-earner in Nevada by $2,037. Still, high down payments and mortgage rates make Nevada one of the states where it takes the longest for millennials to buy a home. The state median earnings in Nevada are $53,094.

MikeCherim / Getty Images/iStockphoto

New Hampshire

  • Median millennial earnings: $75,233

New Hampshire has the fifth-highest median millennial earnings of all the states, and one of the highest average household incomes as well. The state median income in New Hampshire is $68,485, which is $6,748 below the median millennial earnings in the state.

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New Jersey

  • Median millennial earnings: $79,431

New Jersey has the second-highest median millennial earnings and the third-highest average household income of all the states. And there’s a $5,729 difference between the state median earnings and the median millennial earnings there. The median income in the Garden State as a whole is $73,702.

DisobeyArt / Getty Images/iStockphoto

New Mexico

  • Median millennial earnings: $47,567

The state median earnings in New Mexico are $45,674, which is $1,893 less than the median millennial earnings in the state. New Mexico has the third-lowest median millennial earnings of all the states, as well as the sixth-lowest household income.

New York

  • Median millennial earnings: $67,678

In New York, the state median earnings are $60,741, which is $6,937 less than what the average millennial in the state makes.

New Yorkers looking to make more money should consider becoming teachers — the state has the highest teacher salary in the country.

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North Carolina

  • Median millennial earnings: $51,764

North Carolina has the 10th-lowest median millennial earnings of all the states, but the median millennial earnings in the state are $3,508 higher than the median earnings of the state as a whole, which are $48,256. Because millennial earnings are low in North Carolina, it’s one of the states where it takes the longest for millennials to buy a home.

North Dakota

  • Median millennial earnings: $69,045

North Dakota has the biggest gap between the median millennial earnings and the state median earnings. The state median income is $59,114 — $9,931 less than the median millennial earnings in the state. It also has the 10th-highest median millennial earnings of all the states.

Ohio

  • Median millennial earnings: $55,894

In Ohio, the state median earnings are $50,674, which is $5,220 less than the median millennial earnings. Either salary is more than enough to buy a home in Ohio, which requires the lowest salary to own a home of all the states.

Oklahoma

  • Median millennial earnings: $52,500

Millennials in Oklahoma earn $4,462 more than someone earning the median income in the state, which is $48,038. Workers of all generations can live comfortably in Oklahoma City, which has high salaries and low living costs.

RyanJLane / iStock.com

Oregon

  • Median millennial earnings: $58,738

The state median earnings in Oregon are $53,270, which is $4,462 below the median millennial earnings for the state. Millennial earnings are still low in proportion to housing costs in the state.

Bastiaan Slabbers / iStock.com

Pennsylvania

  • Median millennial earnings: $62,292

In Pennsylvania, the state median earnings are $54,895, which is $7,397 below the median millennial earnings.

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Rhode Island

  • Median millennial earnings: $62,259

The median income in Rhode Island as a whole is $58,387, which is $3,872 less than the median millennial earnings in the state. Not only do millennials earn more, but they have good saving habits too.

Boogich / iStock.com

South Carolina

  • Median millennial earnings: $50,671

In South Carolina, the median millennial earnings are $3,773 more than the median earnings for the state as a whole, which are $46,898. The Southern state has the sixth-lowest median millennial earnings of all the states.

Anchiy / iStock.com

South Dakota

  • Median millennial earnings: $58,311

The state median earnings in South Dakota are $52,078 — $6,233 less than the median millennial earnings in the state.

Tennessee

  • Median millennial earnings: $50,837

The difference between the median millennial earnings and the state median earnings — $46,574 — in Tennessee is $4,263. Tennessee has the seventh-lowest median millennial earnings of all the states, but despite that, Nashville is one of the best cities for aspiring millennial homeowners.

Texas

  • Median millennial earnings: $58,210

In Texas, the state median earnings are $54,727 — $3,483 less than median millennial earnings in the state. Fortunately, you can live comfortably on either salary in places like El Paso, which is one of the cheapest major cities in the U.S.

XiXinXing / Getty Images/iStockphoto

Utah

  • Median millennial earnings: $65,272

Utah’s state median earnings are $62,518. Millennials in the state earn $2,754 more, on average.

Vermont

  • Median millennial earnings: $63,508

The median income in Vermont as a whole is $56,104, which is $7,404 less than the median millennial income.

ablokhin / Getty Images/iStockphoto

Virginia

  • Median millennial earnings: $71,234

In Virginia, the state median earnings are $66,149 — $5,085 less than median millennial earnings in the state. Virginia has the ninth-highest median millennial earnings of all the states.

Washington

  • Median millennial earnings: $68,481

Washington’s state median earnings are $5,633 below the median millennial earnings. Someone earning the median salary in Washington makes $62,848.

sdominick / Getty Images/iStockphoto

West Virginia

  • Median millennial earnings: $50,130

West Virginia has the fifth-lowest median millennial earnings and the second-lowest average household income of all the states. The median state income in West Virginia — $42,644 — is $7,486 less than the median millennial earnings.

Wisconsin

  • Median millennial earnings: $61,186

The difference between the median earnings for Wisconsin as a whole and the median earnings for millennials living there is $6,576. The median state earnings in the Midwestern state are $54,610. Wisconsin is one of the best states for families to live a richer life.

MBPROJEKT_Maciej_Bledowski / Getty Images/iStockphoto

Wyoming

  • Median millennial earnings: $67,676

There’s a big difference — $8,533 — between the median millennial earnings and the state median earnings in Wyoming. The median salary in the state is $59,143.

The Best and Worst States for Millennial Earnings

In all 50 states, millennials are making more money than the workforce as a whole, but median income is higher in some states than others. The states with the highest median millennial earnings are:

  1. Massachusetts
  2. New Jersey
  3. Maryland
  4. Alaska
  5. New Hampshire

The states with the lowest median millennial earnings are:

  1. Mississippi
  2. Arkansas
  3. New Mexico
  4. Alabama
  5. West Virginia

More From GOBankingRates

GOBankingRates looked at median millennial earnings across every state in the U.S. by using the most recent data from the United States Census Bureau (pulled in 2018)  for people in the working population between ages 25-44. We also looked at the median income in every state in order to see how millennial earnings compare to those of the state’s average.