Editor’s Notice: This story initially appeared on Self.
Era Z — or Gen Z for brief — is the technology succeeding millennials that represents about 20% of the U.S. inhabitants. The Brookings Institute’s definition of Gen Z is individuals born between 1997 and 2012, the oldest of whom at the moment are simply starting their careers.
Whereas members of Gen Z at present account for lower than 5% of the U.S. full-time workforce, this quantity will improve quickly within the coming a long time.
Naturally, as a result of the oldest Gen Zers are simply beginning out of their careers, they have a tendency to earn lower than their older counterparts. In line with information from the U.S. Census Bureau, the nationwide median wage for full-time Gen Zers was $26,000 in 2020, simply barely greater than half of the median wage for all full-time employees ($50,000).
To find out the best-paying metropolitan areas for Gen Zers, researchers at Self Monetary analyzed the newest information from the U.S. Census Bureau and the U.S. Bureau of Financial Evaluation. You’ll be able to examine our methodology on the finish.
Following are the best-paying cities for members of Gen Z.
15. Minneapolis-St. Paul-Bloomington, MN-WI
Median annual wage for full-time Gen Zers (adjusted): $30,236
Median annual wage for full-time Gen Zers (precise): $31,200
Median annual wage for all full-time employees (precise): $60,000
Value of dwelling (in comparison with common): +3.2%
Gen Z share of the labor pressure: 4.4%
14. Louisville/Jefferson County, KY-IN
Median annual wage for full-time Gen Zers (adjusted): $30,465
Median annual wage for full-time Gen Zers (precise): $28,000
Median annual wage for all full-time employees (precise): $50,000
Value of dwelling (in comparison with common): -8.1%
Gen Z share of the labor pressure: 5.4%
13. Lancaster, PA
Median annual wage for full-time Gen Zers (adjusted): $30,465
Median annual wage for full-time Gen Zers (precise): $30,000
Median annual wage for all full-time employees (precise): $50,000
Value of dwelling (in comparison with common): -1.5%
Gen Z share of the labor pressure: 8.1%
12. Springfield, MA
Median annual wage for full-time Gen Zers (adjusted): $30,630
Median annual wage for full-time Gen Zers (precise): $30,000
Median annual wage for all full-time employees (precise): $54,000
Value of dwelling (in comparison with common): -2.1%
Gen Z share of the labor pressure: 4.6%
11. Salt Lake Metropolis, UT
Median annual wage for full-time Gen Zers (adjusted): $30,700
Median annual wage for full-time Gen Zers (precise): $30,000
Median annual wage for all full-time employees (precise): $50,000
Value of dwelling (in comparison with common): -2.3%
Gen Z share of the labor pressure: 6.7%
10. Grand Rapids-Wyoming, MI
Median annual wage for full-time Gen Zers (adjusted): $30,718
Median annual wage for full-time Gen Zers (precise): $29,100
Median annual wage for all full-time employees (precise): $50,000
Value of dwelling (in comparison with common): -5.3%
Gen Z share of the labor pressure: 4.7%
9. Cincinnati, OH-KY-IN
Median annual wage for full-time Gen Zers (adjusted): $31,024
Median annual wage for full-time Gen Zers (precise): $29,000
Median annual wage for all full-time employees (precise): $51,000
Value of dwelling (in comparison with common): -6.5%
Gen Z share of the labor pressure: 4.9%
8. Harrisburg-Carlisle, PA
Median annual wage for full-time Gen Zers (adjusted): $31,094
Median annual wage for full-time Gen Zers (precise): $30,000
Median annual wage for all full-time employees (precise): $50,000
Value of dwelling (in comparison with common): -3.5%
Gen Z share of the labor pressure: 4.1%
7. Milwaukee-Waukesha-West Allis, WI
Median annual wage for full-time Gen Zers (adjusted): $31,272
Median annual wage for full-time Gen Zers (precise): $30,000
Median annual wage for all full-time employees (precise): $50,000
Value of dwelling (in comparison with common): -4.1%
Gen Z share of the labor pressure: 5.5%
6. Omaha-Council Bluffs, NE-IA
Median annual wage for full-time Gen Zers (adjusted): $31,476
Median annual wage for full-time Gen Zers (precise): $30,000
Median annual wage for all full-time employees (precise): $50,000
Value of dwelling (in comparison with common): -4.7%
Gen Z share of the labor pressure: 5.4%
5. Indianapolis-Carmel-Anderson, IN
Median annual wage for full-time Gen Zers (adjusted): $31,677
Median annual wage for full-time Gen Zers (precise): $30,000
Median annual wage for all full-time employees (precise): $50,000
Value of dwelling (in comparison with common): -5.3%
Gen Z share of the labor pressure: 5.1%
4. Boston-Cambridge-Newton, MA-NH
Median annual wage for full-time Gen Zers (adjusted): $31,755
Median annual wage for full-time Gen Zers (precise): $35,000
Median annual wage for all full-time employees (precise): $70,000
Value of dwelling (in comparison with common): +10.2%
Gen Z share of the labor pressure: 3.2%
3. Worcester, MA-CT
Median annual wage for full-time Gen Zers (adjusted): $32,203
Median annual wage for full-time Gen Zers (precise): $32,400
Median annual wage for all full-time employees (precise): $60,000
Value of dwelling (in comparison with common): +0.6%
Gen Z share of the labor pressure: 3.9%
2. Albany-Schenectady-Troy, NY
Median annual wage for full-time Gen Zers (adjusted): $32,204
Median annual wage for full-time Gen Zers (precise): $32,300
Median annual wage for all full-time employees (precise): $60,000
Value of dwelling (in comparison with common): +0.3%
Gen Z share of the labor pressure: 3.5%
1. Bridgeport-Stamford-Norwalk, CT
Median annual wage for full-time Gen Zers (adjusted): $37,884
Median annual wage for full-time Gen Zers (precise): $40,000
Median annual wage for all full-time employees (precise): $72,000
Value of dwelling (in comparison with common): +5.6%
Gen Z share of the labor pressure: 3.5%
Methodology
To find out the best-paying metropolitan areas for Gen Zers, researchers at Self analyzed earnings information from the U.S. Census Bureau’s 2020 American Neighborhood Survey Public Use Microdata Pattern and cost-of-living information from the U.S. Bureau of Financial Evaluation’s 2020 Regional Worth Parity dataset. Metro areas have been ranked by the cost-of-living adjusted median annual wage for full-time Gen Zers. Within the occasion of a tie, the metro with the upper unadjusted median annual wage for full-time Gen Zers was ranked greater. Researchers additionally calculated the median annual wage for all full-time employees, and Gen Z’s share of the full-time labor pressure. The Brookings Establishment defines Gen Z as individuals born from 1997 to 2012. This evaluation focuses on full-time Gen Z employees who have been 16 to 23 in 2020. Solely the 100 largest metros have been included within the evaluation.
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