How Much Money Gen Z Makes in Every State
See how your Gen Z earnings measure up.
by Cynthia Measom, GoBankingRates, Sep 12, 2022
Gen Z is the generation commonly recognized as being born between 1997 and 2012, which means the oldest members are turning 25 in 2022. This also means that many older Gen Zers watched their parents suffer financial strife during the Great Recession of 2007-2009 and are now experiencing financial pressures of their own due to the global pandemic.
As a generation partially shaped by large-scale financial uncertainties, Gen Z tends to take a practical and more conservative approach to their finances. So how are they faring when it comes to earning power right now?
To help you understand how much money Gen Z makes in different areas across the nation, GOBankingRates evaluated various factors, including median hourly earnings for all occupations in every state, to find the median weekly and annual earnings for 16- to 24-year-olds. For supplemental data, GOBankingRates also found median weekly and annual earnings for 16- to 19-year-olds and 20- to 24-year-olds. For reference, the same data for the entire U.S. is included at the end.
But this data isn’t only useful for knowing how Gen Zers’ incomes measure up against each other — it also will help you understand how Gen Z’s income measures up to that of the typical American….
Median hourly earnings: $22.54
Salary index: 1.118
Median weekly earnings (16-24 years old): $698.44
Median annual earnings (16-24 years old): $36,318.79
Median weekly earnings (16-19 years old): $579.98
Median annual earnings (16-19 years old): $30,159.12
Median weekly earnings (20-24 years old): $726.38
Median annual earnings (20-24 years old): $37,771.54
KHON: Here’s how much a typical Gen Z worker makes in Hawaii