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The 15 Finest-Paying Cities for Millennial Girls

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Millennial woman with phone and sunglasses in the city
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This story initially appeared on Self Financial.

Millennial ladies outpace males of their technology in the case of incomes school levels, they’ve achieved record-high ranges of labor power participation, they usually proceed to slim the gender wage hole. In line with the newest information from the U.S. Census Bureau, median earnings for full-time millennial ladies are $38,000 in contrast with $43,000 for millennial males.

Younger ladies’s median earnings has risen dramatically over the previous 70 years. In line with figures from the Current Population Survey, the median earnings for full- and part-time ladies ages 25 to 34 was simply over $12,000 in 1948 (in 2018 {dollars}). As of 2018, that determine had elevated by 161%, to over $32,000. Knowledge from the Bureau of Labor Statistics reveals that over three-quarters of girls ages 25 to 34 had been within the labor power firstly of 2020.

Regardless of strides on the nationwide degree, millennial ladies’s earnings range significantly throughout cities and states.

To search out the best-paying metropolitan areas for millennial ladies, researchers at Self Financial, an organization that helps shoppers construct credit score, analyzed the newest information from the U.S. Census Bureau and the Bureau of Financial Evaluation.

The researchers ranked metro areas in accordance with the cost-of-living-adjusted median earnings for full-time millennial ladies. Researchers additionally calculated unadjusted median annual earnings for millennial ladies and men and the labor power participation price amongst millennial ladies.

To enhance relevance, solely metropolitan areas with not less than 100,000 folks had been included within the evaluation. Moreover, metro areas had been grouped into the next cohorts based mostly on inhabitants measurement:

  • Small metros: 100,000-349,999
  • Midsize metros: 350,000-999,999
  • Giant metros: 1 million or extra

Listed below are the best-paying metropolitan areas for millennial ladies.