Here's how much millennials are earning in 11 major US cities

http://www.cnbc.com/2017/07/06/how-much-millennials-are-earning-in-11-major-us-cities.html?__source=Facebook

Data shows that millennials are falling behind: Those born around 1980, or roughly today’s 30-year-olds, have only a 50 percent chance of making more money than their parents.

Just how much are young people earning?

Personal finance app Clarity Money surveyed its 300,000 users to compare the average monthly income for consumers from New York, San Francisco and other major cities. It then broke down the data by age.

Here’s how much millennials — normally defined as those between 18 and 34 years old — bring home every month (after taxes) across 11 U.S. cities.

Boston

Monthly income for those under 23: $1,787
Monthly income for those between 23 and 28: $3,044
Monthly income for those between 29 and 33: $3,239

Philadelphia

Monthly income for those under 23: $1,332
Monthly income for those between 23 and 28: $2,349
Monthly income for those between 29 and 33: $3,279

Pittsburgh

Monthly income for those under 23: $1,284
Monthly income for those between 23 and 28: $2,423
Monthly income for those between 29 and 33: $3,422

Miami

Monthly income for those under 23: $1,613
Monthly income for those between 23 and 28: $1,892
Monthly income for those between 29 and 33: $3,492

Chicago

Monthly income for those under 23: $1,449
Monthly income for those between 23 and 28: $2,615
Monthly income for those between 29 and 33: $3,500

San Antonio

Monthly income for those under 23: $1,130
Monthly income for those between 23 and 28: $2,363
Monthly income for those between 29 and 33: $3,837

Los Angeles

Monthly income for those under 23: $1,540
Monthly income for those between 23 and 28: $2,635
Monthly income for those between 29 and 33: $3,865

Austin

Monthly income for those under 23: $1,448
Monthly income for those between 23 and 28: $3,019
Monthly income for those between 29 and 33: $3,983

New York

Monthly income for those under 23: $1,711
Monthly income for those between 23 and 28: $3,283
Monthly income for those between 29 and 33: $4,541

San Francisco

Monthly income for those under 23: $2,441
Monthly income for those between 23 and 28: $4,101
Monthly income for those between 29 and 33: $4,792

Seattle

Monthly income for those under 23: $2,175
Monthly income for those between 23 and 28: $2,940
Monthly income for those between 29 and 33: $4,856

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Note that income for 29-33 is actually higher in Seattle than SF. WTF?

We all need to buy houses in Seattle.

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Only if that house is next to Bill Gates or Bezos otherwise not worth buying.

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I am not sure you or I can afford that house… I certainly can’t…

Then there you have it! Nothing in Seattle is worth buying :slight_smile:

It’s net income after taxes. No state income tax makes a huge difference. We don’t have that SSDI (or whatever it is) CA payroll tax either. You get a bigger paycheck and home prices are 30-40% less. People will say, “oh but the rain”, but most of the country either has cold and snow in winter or extreme heat in summer. Seattle has neither. The weather is far more livable than most US cities. So Seattle is a desirable place to relocate to if you live in 90% of the country.

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Actually, Seattle would be my third choice after LA and NY.

Cities of sin.

Really??? According to @Elt1 Texans are the real sinners… :slight_smile:

Depends on your experience. Was robbed in LA and NY, so as far as I’m concerned those are big cities. I guess some1 lost money in flipping Texas houses so from his perspective Texas is bad investment.

You got robbed because you were at the wrong place in the wrong time. Grandeur and misery always stand side by side. That’s why we have Palo Alto and EPA right next to each other.

Wasn’t robbed :slight_smile: Few of my ex-colleagues were robbed while I’m in Manhattan and LA (near Hollywood) with them. Not sure how they can get robbed. I recalled walking alone at night in LA, many people want to sell stolen gold jewelry to me, and the motel attendants carry guns. As for Manhattan, once away from the Opera houses, very quiet :slight_smile: So my impression of LA and NYC is bad :slight_smile: Guess I was dressing like Bruce Lee then :slight_smile:

You should buy a penthouse in Manhattan and then a mansion in Beverley Hills. That ought to change your mind.