This story was written by Kathy Morris and originally appeared on Zippia.com.
Between the rising costs of college, wage stagnation and sky-high avocado toast costs, many millennials are barely getting by.
It’s no surprise so many millennials are struggling. As a group, 23- to 39-year-olds earn less and have fewer assets than their parents did a generation ago. Fancy things like chain restaurants, fabric softener and home ownership are simply out of reach for many millennials.
However, not all millennials are struggling. Some are pulling in hefty paychecks and use fabric softener with every load of laundry. We hit the data to see where the richest millennials live and thrive.
We used the Census Bureau’s most recent American Community Survey data on income by householder type. We looked at data for those ages 25-44, which cuts off the youngest millennials (sorry, folks) and includes a few years of baby Gen Xers.
The higher the percentage of households pulling in over $200,000, the “richer” the millennials in that state. While the cost of living varies, $200,000 is a sizeable salary in all states. According to the census, nationally, only 6.9% of households earn over $200,000 annually.
Now, let’s see the top 10 states where millennials are making bank.