Millennials make up the largest generation population in the workforce today, but they're also making the least compared to what their parents made at this age.
So, what gives?
A new list published by WalletHub ranked the most livable places for this generation based on key metrics, including average monthly earnings and millennial unemployment rate.
In order to determine the most livable places for this generation, WalletHub compared the 50 states and the District of Columbia across 30 key metrics. The data set ranges from share of millennials to average monthly earnings for millennials to millennial unemployment rate.
More results from the study:
- The District of Columbia has the highest share of millennials, 34.98 percent, which is 1.7 times higher than in Maine, the lowest at 20.00 percent.
- North Dakota has the lowest share of millennials living with their parents, 15.63 percent, which is 2.9 times lower than in New Jersey, the highest at 45.49 percent.
- Minnesota has the highest millennial home ownership rate, 48.48 percent, which is 2.3 times higher than in the District of Columbia, the lowest at 20.73 percent.
- The District of Columbia has the highest average monthly earnings for millennials, $5,049, which is two times higher than in Mississippi, the lowest at $2,487.
- North Dakota has the lowest millennial unemployment rate, 3.70 percent, which is four times lower than in Mississippi, the highest at 14.90 percent.