Compared to previous generations, millennial women have made tremendous strides in the workforce, especially in Wisconsin, according to a report from Self Inc. that looked at the latest data from the U.S. Census Bureau. Out of all U.S. states, Wisconsin is the 10th best-paying for millennial women as Wisconsin’s millennial women earn a cost-of-living-adjusted median annual wage of $40,261. Massachusetts and Connecticut are the best-paying states for full-time millennial women, with cost-of-living-adjusted median earnings of $45,579 and $42,413, respectively. Florida and New Mexico rank the lowest, with cost-of-living-adjusted median earnings at $33,797 and $32,931, respectively. Other highlights from the Wisconsin data:
- Median earnings for full-time millennial women (unadjusted): $37,000;
- Labor force participation among millennial women: 83.9%; and
- Cost of living: 8.1% below average.
Millennial women outpace men when it comes to earning college degrees, they have achieved record-high levels of labor force participation, and they continue to narrow the gender wage gap. While median earnings for full-time millennial women is $38,000 compared to $43,000 for millennial men, median income for women aged 24–34 has grown by more than 160% since 1948 and labor force participation has more than doubled.
