How Much the Average Gen Zer Makes in Your State
Older members of Gen Z, the generation commonly recognized as being born between 1997 and 2012, watched their parents suffer financial strife during the Great Recession of 2007 to 2009. The older Gen Zers have lived through many financial woes of their own, first through the pandemic, and now through inflation.
See: Here's How Much Money Experts Say You Should Have in Your Savings Account If You're in Your 50s
Read More: How To Build Your Savings From Scratch
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, as well as the salary index, which shows how that state's earnings stack up compared to the national average.
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.
Alabama
Median hourly earnings: $18.50
Salary index: 0.831
Median annual earnings (16-24 years old): $30,986.25
Median annual earnings (16-19 years old): $26,405.30
Median annual earnings (20-24 years old): $31,850.58
Housing Market 2023: Prices Are Now So High That Banks Are Losing Money on Mortgages
I'm a Self-Made Millionaire: These Are Investments Everyone Should Avoid During an Economic Downturn
Alaska
Median hourly earnings: $25.00
Salary index: 1.123
Median annual earnings (16-24 years old): $41,873.32
Median annual earnings (16-19 years old): $35,682.84
Median annual earnings (20-24 years old): $43,041.33
Take Our Poll: What Are You Worth to Your Company?
Arizona
Median hourly earnings: $21.77
Salary index: 0.978
Median annual earnings (16-24 years old): $36,463.28
Median annual earnings (16-19 years old): $31,072.62
Median annual earnings (20-24 years old): $37,480.39
Arkansas
Median hourly earnings: $17.92
Salary index: 0.805
Median annual earnings (16-24 years old): $30,014.79
Median annual earnings (16-19 years old): $25,577.46
Median annual earnings (20-24 years old): $30,852.03
California
Median hourly earnings: $23.91
Salary index: 1.074
Median annual earnings (16-24 years old): $40,047.64
Median annual earnings (16-19 years old): $34,127.07
Median annual earnings (20-24 years old): $41,164.73
Colorado
Median hourly earnings: $24.16
Salary index: 1.085
Median annual earnings (16-24 years old): $40,466.37
Median annual earnings (16-19 years old): $34,483.90
Median annual earnings (20-24 years old): $41,595.14
I'm a Self-Made Millionaire: These Are the 6 Investments Everyone Should Make During an Economic Downturn
Connecticut
Median hourly earnings: $24.90
Salary index: 1.119
Median annual earnings (16-24 years old): $41,705.82
Median annual earnings (16-19 years old): $35,540.11
Median annual earnings (20-24 years old): $42,869.16
Delaware
Median hourly earnings: $22.67
Salary index: 1.018
Median annual earnings (16-24 years old): $37,970.72
Median annual earnings (16-19 years old): $32,357.20
Median annual earnings (20-24 years old): $39,029.88
Florida
Median hourly earnings: $19.62
Salary index: 0.881
Median annual earnings (16-24 years old): $32,862.18
Median annual earnings (16-19 years old): $28,003.89
Median annual earnings (20-24 years old): $33,778.84
Georgia
Median hourly earnings: $20.62
Salary index: 0.926
Median annual earnings (16-24 years old): $34,537.11
Median annual earnings (16-19 years old): $29,431.21
Median annual earnings (20-24 years old): $35,500.49
Also See: 7 Florida Cities That Could Be Headed for a Housing Crisis
Hawaii
Median hourly earnings: $23.35
Salary index: 1.049
Median annual earnings (16-24 years old): $39,109.68
Median annual earnings (16-19 years old): $33,327.77
Median annual earnings (20-24 years old): $40,200.60
Idaho
Median hourly earnings: $19.26
Salary index: 0.865
Median annual earnings (16-24 years old): $32,259.20
Median annual earnings (16-19 years old): $27,490.06
Median annual earnings (20-24 years old): $33,159.04
Illinois
Median hourly earnings: $22.83
Salary index: 1.026
Median annual earnings (16-24 years old): $38,238.71
Median annual earnings (16-19 years old): $32,585.57
Median annual earnings (20-24 years old): $39,305.34
Indiana
Median hourly earnings: $20.24
Salary index: 0.909
Median annual earnings (16-24 years old): $33,900.64
Median annual earnings (16-19 years old): $28,888.83
Median annual earnings (20-24 years old): $34,846.26
How To Buy ChatGPT Stock: Your 2023 Guide to AI Investing
Iowa
Median hourly earnings: $21.32
Salary index: 0.958
Median annual earnings (16-24 years old): $35,709.56
Median annual earnings (16-19 years old): $30,430.33
Median annual earnings (20-24 years old): $36,705.65
Kansas
Median hourly earnings: $20.13
Salary index: 0.904
Median annual earnings (16-24 years old): $33,716.39
Median annual earnings (16-19 years old): $28,731.82
Median annual earnings (20-24 years old): $34,656.88
Kentucky
Median hourly earnings: $19.32
Salary index: 0.868
Median annual earnings (16-24 years old): $32,359.70
Median annual earnings (16-19 years old): $27,575.70
Median annual earnings (20-24 years old): $33,262.34
Louisiana
Median hourly earnings: $18.74
Salary index: 0.842
Median annual earnings (16-24 years old): $31,388.24
Median annual earnings (16-19 years old): $26,747.86
Median annual earnings (20-24 years old): $32,263.78
Housing Market: Should Older Americans Rent in Retirement Instead of Paying a Mortgage?
Maine
Median hourly earnings: $21.84
Salary index: 0.981
Median annual earnings (16-24 years old): $36,580.53
Median annual earnings (16-19 years old): $31,172.53
Median annual earnings (20-24 years old): $37,600.91
Maryland
Median hourly earnings: $24.72
Salary index: 1.111
Median annual earnings (16-24 years old): $41,404.33
Median annual earnings (16-19 years old): $35,283.19
Median annual earnings (20-24 years old): $42,559.27
Massachusetts
Median hourly earnings: $28.10
Salary index: 1.262
Median annual earnings (16-24 years old): $47,065.61
Median annual earnings (16-19 years old): $40,107.51
Median annual earnings (20-24 years old): $48,378.45
Michigan
Median hourly earnings: $21.88
Salary index: 0.983
Median annual earnings (16-24 years old): $36,647.53
Median annual earnings (16-19 years old): $31,229.62
Median annual earnings (20-24 years old): $37,669.77
Also Read: 9 Safe Investments With the Highest Returns
Minnesota
Median hourly earnings: $23.44
Salary index: 1.053
Median annual earnings (16-24 years old): $39,260.42
Median annual earnings (16-19 years old): $33,456.23
Median annual earnings (20-24 years old): $40,355.55
Mississippi
Median hourly earnings: $17.36
Salary index: 0.780
Median annual earnings (16-24 years old): $29,076.83
Median annual earnings (16-19 years old): $24,778.16
Median annual earnings (20-24 years old): $29,887.90
Missouri
Median hourly earnings: $20.34
Salary index: 0.914
Median annual earnings (16-24 years old): $34,068.13
Median annual earnings (16-19 years old): $29,031.56
Median annual earnings (20-24 years old): $35,018.43
Montana
Median hourly earnings: $20.29
Salary index: 0.912
Median annual earnings (16-24 years old): $33,984.38
Median annual earnings (16-19 years old): $28,960.19
Median annual earnings (20-24 years old): $34,932.34
I'm a Real Estate Agent: Here Are the 6 Cities Where You Should Avoid Buying a Home This Summer
Nebraska
Median hourly earnings: $21.20
Salary index: 0.952
Median annual earnings (16-24 years old): $35,508.57
Median annual earnings (16-19 years old): $30,259.05
Median annual earnings (20-24 years old): $36,499.05
Nevada
Median hourly earnings: $19.62
Salary index: 0.881
Median annual earnings (16-24 years old): $32,862.18
Median annual earnings (16-19 years old): $28,003.89
Median annual earnings (20-24 years old): $33,778.84
New Hampshire
Median hourly earnings: $23.04
Salary index: 1.035
Median annual earnings (16-24 years old): $38,590.45
Median annual earnings (16-19 years old): $32,885.30
Median annual earnings (20-24 years old): $39,666.89
New Jersey
Median hourly earnings: $24.56
Salary index: 1.103
Median annual earnings (16-24 years old): $41,136.35
Median annual earnings (16-19 years old): $35,054.82
Median annual earnings (20-24 years old): $42,283.80
$2,000 Quarter? Check Your Pockets Before You Use This 2004 Coin
New Mexico
Median hourly earnings: $19.19
Salary index: 0.862
Median annual earnings (16-24 years old): $32,141.96
Median annual earnings (16-19 years old): $27,390.15
Median annual earnings (20-24 years old): $33,038.52
New York
Median hourly earnings: $25.23
Salary index: 1.133
Median annual earnings (16-24 years old): $42,258.55
Median annual earnings (16-19 years old): $36,011.12
Median annual earnings (20-24 years old): $43,437.31
North Carolina
Median hourly earnings: $20.10
Salary index: 0.903
Median annual earnings (16-24 years old): $33,666.15
Median annual earnings (16-19 years old): $28,689.00
Median annual earnings (20-24 years old): $34,605.23
North Dakota
Median hourly earnings: $22.79
Salary index: 1.024
Median annual earnings (16-24 years old): $38,171.71
Median annual earnings (16-19 years old): $32,528.48
Median annual earnings (20-24 years old): $39,236.48
Check Out: Check Your $2 Bills -- They Could Be Worth Upwards of $4,500
Ohio
Median hourly earnings: $21.52
Salary index: 0.967
Median annual earnings (16-24 years old): $36,044.55
Median annual earnings (16-19 years old): $30,715.79
Median annual earnings (20-24 years old): $37,049.98
Oklahoma
Median hourly earnings: $18.80
Salary index: 0.845
Median annual earnings (16-24 years old): $31,488.73
Median annual earnings (16-19 years old): $26,833.50
Median annual earnings (20-24 years old): $32,367.08
Oregon
Median hourly earnings: $22.97
Salary index: 1.032
Median annual earnings (16-24 years old): $38,473.20
Median annual earnings (16-19 years old): $32,785.39
Median annual earnings (20-24 years old): $39,546.37
Pennsylvania
Median hourly earnings: $22.02
Salary index: 0.989
Median annual earnings (16-24 years old): $36,882.02
Median annual earnings (16-19 years old): $31,429.44
Median annual earnings (20-24 years old): $37,910.80
Next: 9 Bills You Should Never Put on Autopay
Rhode Island
Median hourly earnings: $23.73
Salary index: 1.066
Median annual earnings (16-24 years old): $39,746.15
Median annual earnings (16-19 years old): $33,870.15
Median annual earnings (20-24 years old): $40,854.83
South Carolina
Median hourly earnings: $18.69
Salary index: 0.840
Median annual earnings (16-24 years old): $31,304.49
Median annual earnings (16-19 years old): $26,676.49
Median annual earnings (20-24 years old): $32,177.70
South Dakota
Median hourly earnings: $19.17
Salary index: 0.861
Median annual earnings (16-24 years old): $32,108.46
Median annual earnings (16-19 years old): $27,361.60
Median annual earnings (20-24 years old): $33,004.09
Tennessee
Median hourly earnings: $19.20
Salary index: 0.863
Median annual earnings (16-24 years old): $32,158.71
Median annual earnings (16-19 years old): $27,404.42
Median annual earnings (20-24 years old): $33,055.74
Find Out: 6 Richest People in the World You've Never Heard of
Texas
Median hourly earnings: $20.90
Salary index: 0.939
Median annual earnings (16-24 years old): $35,006.09
Median annual earnings (16-19 years old): $29,830.85
Median annual earnings (20-24 years old): $35,982.55
Utah
Median hourly earnings: $21.38
Salary index: 0.960
Median annual earnings (16-24 years old): $35,810.06
Median annual earnings (16-19 years old): $30,515.96
Median annual earnings (20-24 years old): $36,808.95
Vermont
Median hourly earnings: $22.75
Salary index: 1.022
Median annual earnings (16-24 years old): $38,104.72
Median annual earnings (16-19 years old): $32,471.38
Median annual earnings (20-24 years old): $39,167.61
Virginia
Median hourly earnings: $23.22
Salary index: 1.043
Median annual earnings (16-24 years old): $38,891.94
Median annual earnings (16-19 years old): $33,142.22
Median annual earnings (20-24 years old): $39,976.79
Save Money: Unplug These Appliances That Hike Up Your Electricity Bill
Washington
Median hourly earnings: $27.08
Salary index: 1.217
Median annual earnings (16-24 years old): $45,357.18
Median annual earnings (16-19 years old): $38,651.65
Median annual earnings (20-24 years old): $46,622.37
West Virginia
Median hourly earnings: $18.16
Salary index: 0.816
Median annual earnings (16-24 years old): $30,416.78
Median annual earnings (16-19 years old): $25,920.01
Median annual earnings (20-24 years old): $31,265.22
Wisconsin
Median hourly earnings: $21.95
Salary index: 0.986
Median annual earnings (16-24 years old): $36,764.77
Median annual earnings (16-19 years old): $31,329.53
Median annual earnings (20-24 years old): $37,790.29
Wyoming
Median hourly earnings: $21.85
Salary index: 0.982
Median annual earnings (16-24 years old): $36,597.28
Median annual earnings (16-19 years old): $31,186.80
Median annual earnings (20-24 years old): $37,618.12
More From GOBankingRates
I'm a Real Estate Agent: Here Are the 5 Best Cities To Buy a Home This Summer
What's the Best Small Business in Your State? Vote For Your Favorite
Methodology: To find out how much Gen Z makes in every state, GOBankingRates first found the (1) median hourly earnings for all occupations in every state. This figure was then compared to the national median hourly earnings to give each state a (2) salary index. GOBankingRates then took the national median weekly earnings of 16-to-24 year-olds and factored it out for each state using factor (2) to find each state's (3) median weekly earnings of 16-to-24 year-olds and (4) median annual earnings of 16-to-24 year-olds. For supplemental data, GOBankingRates also found: (5) median weekly earnings of 16-to-19 year-olds; (6) median annual earnings of 16-to-19 year-olds; (7) median weekly earnings of 20-to-24 year-olds and (8) median annual earnings of 20-to-24 year-olds. All data was collected and is up to date as of May 11, 2023.
Jami Farkas and Jordan Rosenfeld contributed to the reporting of this article.
This article originally appeared on GOBankingRates.com: How Much the Average Gen Zer Makes in Your State