Are California's millennials paid enough?

"Start with the median household income for California's city-dwelling millennials at $109,600. That's 33% above the $82,600 median in the cities outside of California. Next, consider the overall median income of $101,200 in California compared with $76,100 elsewhere also a 33% gap. While California millennials are clearly well-compensated compared with their national peers, consider the modest premium they earn in-state."

"Low points In 10 of these 77 California cities, millennial earnings trail overall incomes that's 13% of the state, indicating a high potential for financial stress. Outside the Golden State, millennials earn less than the overall income in 26 of the 280 cities, which is just 9%. Those 10 California cities are topped by Santa Maria, where millennial household incomes of $66,000 are 12% below $75,000 for all. That 12% deficit was the third-largest of 357 cities nationwide."

SmartAsset's 2024 city income data for 357 large U.S. cities, including 77 in California, compares households headed by millennials (ages 25–44) to overall city incomes. Median household income for California millennials is $109,600 versus $82,600 in non-California cities, a 33% gap. Overall median income in California is $101,200 compared with $76,100 elsewhere, also a 33% gap. The millennial income advantage within California is modest and similar to the national pattern. Income levels influence local demand and cost of living, and modest millennial premiums can increase financial stress amid childrearing and high housing costs. Ten California cities (13%) show millennial earnings below overall incomes.

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