WalletHub Study: 2019’s Best & Worst States for Millennials; NJ Ranks #29

With millennials today making up the largest generation in the U.S. workforce yet earning 20 percent less than Baby Boomers did at the same age, the personal-finance website WalletHub today released its report on 2019’s Best & Worst States for Millennials as well as accompanying videos.

In order to determine the most livable places for this generation, WalletHub compared the 50 states and the District of Columbia across 36 key metrics. The data set ranges from share of millennials to average monthly earnings for millennials to millennial unemployment rate.

New Jersey ranks #29.

Best States for Millennials   Worst States for Millennials
1 Massachusetts   42 Alabama
2 District of Columbia   43 South Carolina
3 Washington   44 Kentucky
4 Minnesota   45 Nevada
5 Wisconsin   46 Arkansas
6 Colorado   47 Louisiana
7 Iowa   48 Oklahoma
8 Utah   49 Mississippi
9 Pennsylvania   50 New Mexico
10 California   51 West Virginia

Best vs. Worst

  • The District of Columbia has the highest share of millennials, 34.63 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, 14.46 percent, which is 3.2 times lower than in New Jersey, the highest at 46.42 percent.
  • Delaware has the highest millennial homeownership rate, 50.54 percent, which is 2.6 times higher than in the District of Columbia, the lowest at 19.23 percent.
  • The District of Columbia has the highest average monthly earnings for millennials, $5,253, which is 2.1 times higher than in Mississippi, the lowest at $2,514.
  • North Dakota has the lowest millennial unemployment rate, 3.66 percent, which is 3.7 times lower than in Mississippi, the highest at 13.65 percent.

 

 

(Visited 11 times, 1 visits today)

Comments are closed.

News From Around the Web

The Political Landscape