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These States Are Home To The Most High-Earning Millennials

In all but two states, less than 10 percent of millennial households had incomes of at least $200,000.

2 days ago · 5.1k reads ·

In the US, only around six percent of millennial households make $200,000 or more in adjusted gross income (AGI) — and some parts of the country are home to a larger share of these high-earners than others.

The team at SmartAsset analyzed IRS data from the 2022 tax year to find out how many households aged 26 to 44 had AGIs of $200,000 or more — the IRS's definition of a "high earner" — around the country.

Using this data, we mapped the percentage of high-earning millennials per state.

There were just two states where more than 10 percent of millennial households earned at least $200,000: Washington (11.5 percent) and Massachusetts (10.4 percent).

The third-ranking state was New Jersey, where the share of high-earning millennial households stood at 9.87 percent, followed by California, where it was 9.41 percent.

The lowest shares of high-earning millennials were found in Mississippi (2.14 percent), West Virginia (2.47 percent) and New Mexico (2.51 percent).

Found this interesting? Check out where in the US rich millennials are moving to.

Via SmartAsset.

[Image credit: Josh Fields]