The 15 Best-Paying Cities for Millennial Women

Millennial woman with phone and sunglasses in the city
GaudiLab / Shutterstock.com

This story originally appeared on Self Financial.

Millennial women outpace men of their generation when it comes to earning college degrees, they have achieved record-high levels of labor force participation, and they continue to narrow the gender wage gap. According to the latest data from the U.S. Census Bureau, median earnings for full-time millennial women are $38,000 compared with $43,000 for millennial men.

Young women’s median income has risen dramatically over the past 70 years. According to figures from the Current Population Survey, the median income for full- and part-time women ages 25 to 34 was just over $12,000 in 1948 (in 2018 dollars). As of 2018, that figure had increased by 161%, to over $32,000. Data from the Bureau of Labor Statistics shows that over three-quarters of women ages 25 to 34 were in the labor force at the start of 2020.

Despite strides at the national level, millennial women’s earnings vary considerably across cities and states.

To find the best-paying metropolitan areas for millennial women, researchers at Self Financial, a company that helps consumers build credit, analyzed the latest data from the U.S. Census Bureau and the Bureau of Economic Analysis.

The researchers ranked metro areas according to the cost-of-living-adjusted median earnings for full-time millennial women. Researchers also calculated unadjusted median annual earnings for millennial women and men and the labor force participation rate among millennial women.

To improve relevance, only metropolitan areas with at least 100,000 people were included in the analysis. Additionally, metro areas were grouped into the following cohorts based on population size:

  • Small metros: 100,000-349,999
  • Midsize metros: 350,000-999,999
  • Large metros: 1 million or more

Here are the best-paying metropolitan areas for millennial women.

15. Baltimore

Baltimore, Maryland
Jon Bilous / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $42,174
  • Median earnings for full-time millennial women (unadjusted): $45,000
  • Median earnings for full-time millennial men (unadjusted): $52,000
  • Labor force participation among millennial women: 83.8%
  • Cost of living: 6.7% above average

14. Buffalo, New York

  • Buffalo, New York
    Atomazul / Shutterstock.com

    Median earnings for full-time millennial women (adjusted): $42,194

  • Median earnings for full-time millennial women (unadjusted): $40,000
  • Median earnings for full-time millennial men (unadjusted): $44,000
  • Labor force participation among millennial women: 81.7%
  • Cost of living: 5.2% below average

13. Milwaukee

Milwaukee, Wisconsin
f11photo / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $42,194
  • Median earnings for full-time millennial women (unadjusted): $40,000
  • Median earnings for full-time millennial men (unadjusted): $48,000
  • Labor force participation among millennial women: 84.0%
  • Cost of living: 5.2% below average

12. Philadelphia

Philadelphia, downtown evening rush hour.
Sean Pavone / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $42,694
  • Median earnings for full-time millennial women (unadjusted): $45,000
  • Median earnings for full-time millennial men (unadjusted): $48,000
  • Labor force participation among millennial women: 81.0%
  • Cost of living: 5.4% above average

11. Pittsburgh

Pittsburgh
esb-professional / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $42,965
  • Median earnings for full-time millennial women (unadjusted): $40,000
  • Median earnings for full-time millennial men (unadjusted): $46,000
  • Labor force participation among millennial women: 81.6%
  • Cost of living: 6.9% below average

10. Minneapolis

Lake Calhoun, Minneapolis
Roger Siljander / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $43,372
  • Median earnings for full-time millennial women (unadjusted): $44,500
  • Median earnings for full-time millennial men (unadjusted): $50,000
  • Labor force participation among millennial women: 87.5%
  • Cost of living: 2.6% above average

9. Columbus, Ohio

Columbus, Ohio
aceshot1 / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $43,526
  • Median earnings for full-time millennial women (unadjusted): $40,000
  • Median earnings for full-time millennial men (unadjusted): $45,400
  • Labor force participation among millennial women: 81.0%
  • Cost of living: 8.1% below average

8. Indianapolis

Indianapolis, Indiana
Alexey Stiop / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $43,668
  • Median earnings for full-time millennial women (unadjusted): $40,000
  • Median earnings for full-time millennial men (unadjusted): $42,500
  • Labor force participation among millennial women: 79.6%
  • Cost of living: 8.4% below average

7. Seattle

Seattle, Washington
Sean Pavone / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $43,844
  • Median earnings for full-time millennial women (unadjusted): $49,500
  • Median earnings for full-time millennial men (unadjusted): $60,000
  • Labor force participation among millennial women: 78.9%
  • Cost of living: 12.9% above average

6. Raleigh, North Carolina

Raleigh, North Carolina
Sean Pavone / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $43,996
  • Median earnings for full-time millennial women (unadjusted): $42,500
  • Median earnings for full-time millennial men (unadjusted): $44,500
  • Labor force participation among millennial women: 79.1%
  • Cost of living: 3.4% below average

5. Boston

Boston, Massachusetts
ESB Professional / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $44,658
  • Median earnings for full-time millennial women (unadjusted): $51,000
  • Median earnings for full-time millennial men (unadjusted): $60,000
  • Labor force participation among millennial women: 84.5%
  • Cost of living: 14.2% above average

4. Washington, D.C.

Washington, D.C. traffic with Capitol Building in background
Atomazul / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $46,689
  • Median earnings for full-time millennial women (unadjusted): $55,000
  • Median earnings for full-time millennial men (unadjusted): $60,000
  • Labor force participation among millennial women: 84.7%
  • Cost of living: 17.8% above average

3. Hartford, Connecticut

The skyline of Hartford Connecticut, where median rents are relatively low
Sean Pavone / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $48,972
  • Median earnings for full-time millennial women (unadjusted): $50,000
  • Median earnings for full-time millennial men (unadjusted): $50,000
  • Labor force participation among millennial women: 84.4%
  • Cost of living: 2.1% above average

2. San Francisco

San Francisco street car
Tono Balaguer / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $49,392
  • Median earnings for full-time millennial women (unadjusted): $65,000
  • Median earnings for full-time millennial men (unadjusted): $70,000
  • Labor force participation among millennial women: 81.9%
  • Cost of living: 31.6% above average

1. San Jose, California

The skyline of San Jose, which has a lower median rent than median mortgage payment
stellamc / Shutterstock.com
  • Median earnings for full-time millennial women (adjusted): $51,005
  • Median earnings for full-time millennial women (unadjusted): $66,000
  • Median earnings for full-time millennial men (unadjusted): $80,000
  • Labor force participation among millennial women: 79.1%
  • Cost of living: 29.4% above average

How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.

Read Next
9 Everyday Problems You Can Solve With Vaseline
9 Everyday Problems You Can Solve With Vaseline

Forget expensive specialty products. Good ol’ petroleum jelly can address many common annoyances.

How to Invest in Real Estate for as Little as $500
How to Invest in Real Estate for as Little as $500

If stock market volatility has you looking for other investment options, here’s a way to diversify — even if you don’t have tons of money.

Can My Wife Use My Social Security Benefits While Letting Hers Grow?
Can My Wife Use My Social Security Benefits While Letting Hers Grow?

Your self-discipline in not uttering three little words helps determine whether you can use a key claiming strategy.

These Are the 9 Best Benefits of Amazon Prime
These Are the 9 Best Benefits of Amazon Prime

These top-notch perks of an Amazon Prime membership won’t cost you a dime extra.

15 Painless Ways You Can Cut Costs in 2020
15 Painless Ways You Can Cut Costs in 2020

Follow these tips to save — so you’ll have money for things that really matter.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
This Gas Station Scam Is Victimizing More Drivers
This Gas Station Scam Is Victimizing More Drivers

For the second straight year, a growing number of Americans believe they’ve fallen prey to this scam.

7 Ways to Boost Your Credit Score Fast
7 Ways to Boost Your Credit Score Fast

Your financial security might soon depend upon the strength of your credit score.

This Is the Most Popular Age for Claiming Social Security
This Is the Most Popular Age for Claiming Social Security

Both men and women are most likely to start receiving Social Security benefits at this age.

Could You Give Up These 7 Expenses to Save Thousands of Dollars a Year?
Could You Give Up These 7 Expenses to Save Thousands of Dollars a Year?

You could save more than $30,000 by setting aside these costly expenses for just one year.

6 Things You Should Never Buy at Trader Joe’s
6 Things You Should Never Buy at Trader Joe’s

We love Trader Joe’s for plenty of reasons. But think twice about this handful of products.

7 Unusual Ways to Declutter Your Home
7 Unusual Ways to Declutter Your Home

Tired of possessions weighing you down? Here are seven ways to declutter painlessly and effectively.

Don’t Toss These 7 Household Items — Sell Them
Don’t Toss These 7 Household Items — Sell Them

Here’s how to earn cash as you give new life to these unwanted items.

6 Legal Documents Retirees Need — but Don’t Have
6 Legal Documents Retirees Need — but Don’t Have

Few retirees have these documents that are crucial to their golden years — especially during a pandemic.

19 High-Paying Jobs You Can Get With a 2-Year Degree
19 High-Paying Jobs You Can Get With a 2-Year Degree

These jobs pay more than the typical job in the U.S. — and no bachelor’s degree is required.

Eat This Food If You Want to Avoid Alzheimer’s Disease
Eat This Food If You Want to Avoid Alzheimer’s Disease

One type of food associated with the Mediterranean diet offers especially large benefits.

11 Expenses That Quietly Drain Your Wallet
11 Expenses That Quietly Drain Your Wallet

It’s scandalously easy to overspend in these areas of your life.

21 Things You Should Always Buy at a Dollar Store
21 Things You Should Always Buy at a Dollar Store

Dollar stores have great bargains on both everyday and occasional purchases.

9 Dumb Ways You Are Ruining Your Home Value
9 Dumb Ways You Are Ruining Your Home Value

Homeowners, beware these mistakes that can drive away potential buyers.

18 Amazon Purchases That We Are Loving Right Now
18 Amazon Purchases That We Are Loving Right Now

These practical products make everyday life a little easier.

The 15 Worst States for Retirees in 2020
The 15 Worst States for Retirees in 2020

Based on dozens of metrics tied to affordability, quality of life and health care, these are not ideal places to spend retirement.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

7 Tips for Building an Emergency Stockpile
7 Tips for Building an Emergency Stockpile

A pandemic or natural disaster could leave you reliant on your existing food supply. Is your pantry prepared?

15 Outrageously Overpriced Products — and How to Save on Them
15 Outrageously Overpriced Products — and How to Save on Them

Retailers mark up products by hundreds of times their cost — but you don’t have to pay the premium.

Why Half of Retirees Now Owe Taxes on Social Security
Why Half of Retirees Now Owe Taxes on Social Security

Growing numbers of seniors are paying taxes on their Social Security benefits, but you might be able to avoid this fate.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.