There are several factors that attract millennials to different states, and salary is likely high on the list.
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HowMuch, a personal finance site, recently conducted a study to determine how much young people make annually in every state and Washington, D.C.
To do so, they gathered data from the U.S. Census Bureau to track the average amount of money made by people born between 1982 and 2000. Analysts then adjusted the average earnings based on the cost of living in each state, according to the Bureau of Economic Analysis.
After analyzing the results, they found that Massachusetts offered the biggest paycheck, with millennials bringing in $80,000 annually. Minnesota and North Dakota followed, with millennials taking home annual salaries of $77,090 and $76,836, respectively.
On the other hand, younger folks earned the lowest in New Mexico, where the average income was $51,893.
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So, how did Georgia place?
It was No. 37 on the list. Millennials rake in $60,851 a year. In fact, many of the states in the South fell to the bottom of the pack. Young people make less than $60,000 in Tennessee, Arkansas, Louisiana, Florida and Mississippi.
“The South clearly stands out as a lackluster region for millennials in the labor market,” the researchers noted.
However, they said the biggest surprise was the West Coast, which didn’t look much different from the South. They wrote, “This highlights the fact that big tech companies are creating great jobs for a select group of skilled workers, but if making the most money is your primary goal, you have a better chance of succeeding if you move to Nebraska instead of California.”
Want to know how other areas fared? Take a look at the map of findings here, and check out the ten places where millennials earn the most money below.
1. Massachusetts: $80,307
2. Minnesota: $77,090
3. North Dakota: $76,836
4. Washington, DC: $75,220
5. Maryland: $74,737
6. New Hampshire: $73,941
7. Wyoming: $73,345
8. Alaska: $72,374
9. New Jersey: $72,150
10. Virginia: $71,397
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