With student debt at an all-time high, and the job market appearing to be more competitive than ever before, college-age millennials have been given a pretty tough break within recent years. But how much exactly can you expect to earn income wise after college? Thanks to Business Insider and their mighty fine research skills, we’ve been given a glimpse of the yearly earnings of college-age millennials (millennials born between 1981-1987) state wide. But just a word of warning; the answer’s might not necessarily be pretty!
With the average college student averaging in at a little bit over $35,000 in student loan debt, and the class of 2015 being noted as the ‘most indebted ever’ according to WSJ, it’s pretty safe to say that college-age millennials are facing major turmoil on regards to student debt. But at least they’ve got their college degrees to assist them in paying off those massive loans, right? Sadly, that just might not be the case.
According to Business Insider’s research, it appears as though millennials in Montana are earning the lowest bringing in an average of $18,000 per year, while the award for the highest yearly millennial salary goes to the District of Columbia with an average salary of $43,000. Looks like it might be time to relocate; like, to mars! Having to pay back debt on a fixed income is serious business, bro.
See how your state stakes up in Business Insider’s Median Income For Millennials chart below!