Here's how much millennials are earning annually across the US

Millennials came of age during a tough economic time: Student debt has reached an all-time high, and the job market is more competitive than ever. As a result, young people today aren't earning as much money as their parents did when they were young. So how much are they making'Using data from the Minnesota Population Center's 2014 "American Community Survey" in the Integrated Public Use Microdata Series, we found the median annual total personal income for employed millennials. We used the Pew Research Center's definition of millennials: Americans born between 1981 and 1997.The medians ranged between a low of $18,000 per year in Montana and a high of $43,000 in the District of Columbia. How do you stack up'Note that the youngest millennials are college-aged and may only be working part-time, which may skew the median downwards.Below, we included the median annual personal income by state for all employees over age 17, also from the Minnesota Population Center's 2014 "American Community Survey" in the Integrated Public Use Microdata Series.Read on to see how millennials compare to earners of all ages:Kathleen Elkins contributed to an earlier version of this post.DON'T MISS:Here's the salary you have to earn to buy a home in 19 major US citiesSEE ALSO:A financial planner shares a big misconception 20-somethings have about saving moneyAlabamaMedianpersonal income for all employees: $31,100Median income for millennials:$20,000AlaskaMedianpersonal income for all employees: $44,000Median income for millennials:$27,500ArizonaMedianpersonal income for all employees: $33,000Median income for millennials:$20,800See the rest of the story at Business Insider
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