Millennials, also known as Generation Y, are the demographic consisting of individuals born between 1981 and 1996. While many millennials are just now becoming part of the workforce, others have been part of it for 20+ years. Just as with other demographics — such as baby boomers, Generation X and Generation Z — the average income of millennials varies by state. We’ll look at the best and worst states for different earning percentiles among millennials. We will also see where millennials tend to earn the most, and learn some other interesting facts about millennial jobs and income.
What Is The Median Millennial Income?
The median income for all workers in the United States is $37,848. However, for millennial workers, this number dips to $27,003. There are individuals earning less than this, as well as just as many earning more.
Furthermore, the median income for workers varies by state, industry, and by job experience, which we’ll touch on in greater detail in the slides to come. As millennials age, the median income is likely to increase, with workers in this demographic gaining experience.