Study Shows North Dakota Millennials Are the Best Off Financially
Wednesday, October 17, 2018
BISMARCK, ND – North Dakota was credited with having one of the best financial environments for millennials, according to a recent study from the Brookings Institution. The Brookings Institution's Hamilton Project compared wages, taxes and the cost of living for 320 unique occupations in about 380 U.S. metropolitan areas.
The study shows the highest median salary, if you're a millennial, is located in California at about $50,000 a year. But once the cost of living and taxes are factored, individuals would be better off from a financial standpoint moving to North Dakota where earnings would be about $33,000, the study's authors say.
“North Dakota continues to build an environment that supports business growth and higher wages and creates quality of life for our citizens,” Commerce Commissioner Jay Schuler said. “Being recognized by this study from the Brookings Institution only goes to support that North Dakota is a great place for businesses and career seekers alike.”