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Millennial Average Median Income Per State
- Thread starter BoogieWoogie
- Start date
nabe_shogun
Member
Hey, I'm actually above average by about $5k. Nice.
Well, nice except for the fact I still can't really afford to move out of my parents house.
Well, nice except for the fact I still can't really afford to move out of my parents house.
Epsilon-delta
Banned
God damn.
Seeing Cali, Texas, and Florida at $20-$22k is something else.
Too fucking low.
Seeing Cali, Texas, and Florida at $20-$22k is something else.
Too fucking low.
Username1198
Member
Damn I'm poor lol
Rents crazy in NorCal, I pay 1200$ a month for a one bedroom apt. It's crazy how everything's gone up in prices, while my pay hasn't.
Rents crazy in NorCal, I pay 1200$ a month for a one bedroom apt. It's crazy how everything's gone up in prices, while my pay hasn't.
George Washington
Member
Wow, that's sad.
Edit:
If true.
Edit:
If true.
Sounds about right.
CreepingFear
Member
That chart is frightening. I make way more than that in Orange County, CA and can barely survive without sharing rent.
Damn, I'm doing pretty well comparatively... at least for now anyway.
We really need something different to make sense of this sort of data or we should really define Millenial a bit more narrowly. I really feel like 'millennial' is way too big of a time period. Like most college aged kids now have never existed without a ton of technology, and technology I couldn't fathom for a good chunk of my childhood. It's probably a very different experience growing up going to school where everyone has a cell phone and is connected 100% of the time. Me and my peers didn't get cell phones until late high school and that was just a few of us with phones literally to call parents in an emergency. That's a pretty huge deal to me, as someone that was bullied a lot in school. I got to escape for a bit at least every day and kids nowadays don't.
Anyway, this data doesn't tell a ton in practical terms if it's counting a lot of college age kids with no jobs. I wanna know what millennial out of college age and into the working world are making.
What's there not to buy? It's counting a ton of millennial without jobs.
We really need something different to make sense of this sort of data or we should really define Millenial a bit more narrowly. I really feel like 'millennial' is way too big of a time period. Like most college aged kids now have never existed without a ton of technology, and technology I couldn't fathom for a good chunk of my childhood. It's probably a very different experience growing up going to school where everyone has a cell phone and is connected 100% of the time. Me and my peers didn't get cell phones until late high school and that was just a few of us with phones literally to call parents in an emergency. That's a pretty huge deal to me, as someone that was bullied a lot in school. I got to escape for a bit at least every day and kids nowadays don't.
Anyway, this data doesn't tell a ton in practical terms if it's counting a lot of college age kids with no jobs. I wanna know what millennial out of college age and into the working world are making.
What's there not to buy? It's counting a ton of millennial without jobs.
Dylan Sexbang
Banned
Ooh baby. Promotion has be above average in CO.
Ryzaki009
Member
Yep that's what pisses me off.
Damn I'm buying a house and my mortgage plus home insurance and utilities is going to be a little higher than that. Fucking crazy.
This is true now, but this data was taken in 2014 where even 17 year olds were counted. College kids working part-time may be a relatively small part of the equation, but they are going to skew the numbers nonetheless (moreso if they measured average wages versus median wages, which is why they reported it this way... I guess?)
Their data and methodology is suspect which skews the numbers downwards. That said I don't think they are far off from the median income in the state.
I live in California and it's a complete joke for young people to try and make it here on their own. Most people just give up and work entry level jobs and stay living with their parents. I dont think it's off at all. That median income is almost what my rent alone is per year.
Agreed. After all that research to compile the data, I am pretty surprised they'd just lump so many age groups together.
TangoAlphaLima
Member
Oof. Y'all are straight strugglin'.
timetokill
Banned
Yeah we need to see the average, not the median
No, it's only employed people, but not necessarily full-time.
The data in the graph was from 2014, though, so the range is 17-33. However, this data is a median, so the outliers don't really matter, even if you have some 17-year-olds in the data set. If you account for the fact that they only included data from employed people, my guess is that the median age would probably be somewhere in the 25-27 range. So I would imagine someone of that age when thinking about these figures.
I was in grad school during those years, so $20K / year sounds about right.
Unfortunately that's the problem with the term "millennial," really. I really think there's about 2 solid generations inside that label. Our way of life is changing way too fast for my life experience to be remotely similar to someone that's like 20 right now.
What? Why would you want the average? The average would include all those 17-year-olds. The fact that it's a median is the only reason the numbers are remotely useful.
Where?
Username1198
Member
Damn what state are you in?
Yea, owning a house is like a pipe dream right now. House prices have risen a lot in the past few years. I work my ass off too lol it sucks.
……forgetit
Member
Well shit, I destroy my peers in salary.
And the millenials are toast
and i am more amazed about how often this fact is repeated in this thread yet some are still going as if the chart is reality.
I'd love to see the chart broken up by age groups.
Autodidact
Banned
As Generation X's midlife crises heat up, I fully expect some of them to try to call themselves millennials.
It's okay guys, i got the website for you if you feel like you're eating shit for dinner: http://www.globalrichlist.com/
Even with minimum wage, you're nowhere near what poor really is.
Even with minimum wage, you're nowhere near what poor really is.
……forgetit
Member
Those would be really small generations. It's always been about 20-25 years per generation, why change now?
because it would be more granular and accurate.
The cutoff should probably be when you turned 23 or 24 somewhere around 2010 or 2012. Something like born in like 1989 at the latest. Not only were our middle and high school experiences much much different we hit the job market or were already out there and experienced the crash in 2008.
Because life experience is chaining at a massively rapid pace? I knew maybe a handful of people with access to a cell phone once in a while as an emergency thing in high school. Internet was still dial up and a lot of people either didn't have full access or lacked access altogether. That's insanely different from the kids that grew up after that.
Epsilon-delta
Banned
You want to avoid an average because it can be misleading when a distribution is heavily skewed on one end.
Ex: The average salary of three employees is $100k. One employee makes $300k/yr, while the other two make 0.
Extreme example but gets the point across.
Ex: The average salary of three employees is $100k. One employee makes $300k/yr, while the other two make 0.
Extreme example but gets the point across.
I'm on the older end of the millennial spectrum.
I feel extremely lucky to be financially stable in this day and age given the awful wealth inequality trends and current state of our political climate as it relates to healthcare.
I try to do my part by voting left (hoping to help make TX a swing state one day) and donating to charities and liberal/progressive NPOs whenever possible.
I feel extremely lucky to be financially stable in this day and age given the awful wealth inequality trends and current state of our political climate as it relates to healthcare.
I try to do my part by voting left (hoping to help make TX a swing state one day) and donating to charities and liberal/progressive NPOs whenever possible.
GoldenEye 007
Member
I just feel like the digital/internet/mobile age and 9/11 really skews things. Someone born in the mid 1980s is going to have a completely different childhood than those born in the late 1990s and early 2000s. Although at least the mid 1990s isn't as bad.
And if using the standard 20-25 year mark, that would mean someone born in 1985 is in the same generation as someone born in 2005-2010. It just doesn't work here I don't think.
……forgetit
Member
Then why not do the same for all previous generations? Break up the boomers and gen x into two different groups.