We've launched the new forums! Read more here

How Much Money Millennials Make in Every State

tahoebum

tahoebum

Well-known member
Albatross 2024 Club
Joined
Mar 25, 2012
Messages
19,302
Reaction score
13,199
Location
MN and FL
Handicap
1.8
I thought this was an interesting map and I'm not very surprised by Minnesota as a resident and knowing that they are normally top 12 in household income and is also the home for the headquarters of 17 Fortune 500 companies. I am surprised at some of the other states near the top of this list like Wyoming and Nebraska. I would have thought California would have been higher considering its high cost of living.


Screen Shot 2020-02-09 at 7.02.50 PM.png
 
I'm 43 and not a Millennial..Gen X here
 
good info. I’m not that surprised by NE since Omaha has such a large banking presence and the other major city, Lincoln, has the university. I really enjoyed living in NE - Lincoln was one of the nicest cities in regards to parks, trails and just outdoor things to do.
 
I think the Midwest typically has a lot of trade jobs that can make a lot of money for that age level, but they are almost at the top of the wage scale and will remain at this level for most of their careers. Usually the white collar jobs really start making a lot more money as they age. Maybe I am wrong in that assessment.
 
One thing I have learned doing real estate over the last few years are there are really 2 types of millennials. Yes there are some of the basement dwelling entitled do nothing ones that so many think of but there are a ton that are the exact opposite. I find many of them to be intelligent, driven, and very focused on building their future. Some of my best clients have been the later sort of millennial and very well put together.
 
Not a milennial but damn. Whats going on in MA?
 
North Dakota must be high from all the young guys working in the oil industry. Surprised the Midwest is so high across the board. Interesting graphic for sure.
 
jdtox said:
Not a milennial but damn. Whats going on in MA?
Click to expand...

MA probably has the most educated population per capita, not surprising salaries would be aligned with that.
 
Is this still pretty accurate? Since these are numbers from 2016 census :unsure:
 
since when are people born in 1971 millennials?
 
Canadan said:
Alaska shocks me.

Also, I feel terrible for California considering their cost of living. 60k out there has to be like 300k where i live.
Click to expand...

The rent and housing prices are crazy - homes sell mostly in the $1,300 per square foot range where we were in silicone valley. My daughter lives in OK college apartments in San Diego with 4 roommates and they pay $910 each per month rent plus utilities. Parking spots are extra, lol. There is no way she can afford to stay in California after graduation.
 
Pretty interesting map. I'm not really shocked regarding California given that it's the hub for the social media crowd.

Crazy with millennial that own income inequality is larger than any previous generation, though given the tech landscape, that's maybe not super shocking.
 
jdtox said:
Not a milennial but damn. Whats going on in MA?
Click to expand...

Incomes and employment are up across the country but I doubt if the rankings are much different now.
 
Looking at those figures and the current exchange rate, I need a better paid job.....although I can't complain about the lifestyle we have on our salaries
 
Geez, Kentucky and Indiana average is the same as NY and California average. No wonder the Millennials in those states support socialism. I couldn't imagine trying to scrap by in those 2 states on the same wages people make in KY and IN.
 
Canadan said:
Alaska shocks me.

Also, I feel terrible for California considering their cost of living. 60k out there has to be like 300k where i live.
Click to expand...
We had a friend move from San. Fran to Cincinnati and her salary stayed about the same, but her living expenses were about 25% what they were out in CA. I don't know how people do it in those high cost areas on salaries that don't seem to match.
 
tahoebum said:
The rent and housing prices are crazy - homes sell mostly in the $1,300 per square foot range where we were in silicone valley. My daughter lives in OK college apartments in San Diego with 4 roommates and they pay $910 each per month rent plus utilities. Parking spots are extra, lol. There is no way she can afford to stay in California after graduation.
Click to expand...
That is so awful.
 
Interesting. Love to know the sample size of participants...
 
What do 44 year olds have to do with millennials?

That's older than me and I'm am in no way a millennial.
 
Last edited:
Canadan said:
Alaska shocks me.

Also, I feel terrible for California considering their cost of living. 60k out there has to be like 300k where i live.
Click to expand...
My old roommate lived in AK for a while and said it was crazy expensive - his grocery bill alone was 2-3x more expensive than in Texas.


Boder said:
Surprised the Midwest is so high across the board. Interesting graphic for sure.
Click to expand...
Fortunately for the Midwest, more companies are moving operations here since cost of living is so cheap. In fact, St. Louis is a booming tech hub. My brother-in-law lives in Milwaukee and there is such a huge demand for programmers everywhere that he's seen a 75% increase in pay in the last 12 months. But still, he's a bargain compared to West Coast.

Also, remember that the majority of CA is agriculture. We think of LA, SFO, and San Diego. However, I use to do quite a bit of work out there in Food and Beverage and the towns were really crappy and full of poverty. Even when I lived in LA, most people I encountered were just scraping by in their hourly jobs.
 
You must log in or register to reply here.
Back
Top