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Understanding Income: A State-by-State Breakdown of Earnings Across Generations
Your income can vary widely based on where you live and your career stage. Are you just starting, hitting your peak earning years, or enjoying retirement?
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According to a recent study by Scholaroo, Generation X boasts the highest salaries in the U.S. However, this isn’t the case in Mississippi, where millennials, Generation X, and baby boomers all face the state’s lowest median income levels. Surprisingly, Gen Z records the lowest overall salaries, with their median income particularly low in West Virginia. Conversely, Hawaii has the highest-earning baby boomers in the country.
Below is a comparison of median earnings by age group across various states. Take a look at how you stack up:
Alabama
- Median income for ages 15 to 24: $29,426
- Median income for ages 25 to 44: $29,426
- Median income for ages 45 to 64: $73,784
- Median income for ages 65 and over: $47,114
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Alaska
- Median income for ages 15 to 24: $60,279
- Median income for ages 25 to 44: $96,771
- Median income for ages 45 to 64: $102,313
- Median income for ages 65 and over: $66,292
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Arizona
- Median income for ages 15 to 24: $50,398
- Median income for ages 25 to 44: $81,195
- Median income for ages 45 to 64: $92,454
- Median income for ages 65 and over: $57,507
Arkansas
- Median income for ages 15 to 24: $40,558
- Median income for ages 25 to 44: $63,320
- Median income for ages 45 to 64: $64,247
- Median income for ages 65 and over: $42,943
California
- Median income for ages 15 to 24: $49,532
- Median income for ages 25 to 44: $100,620
- Median income for ages 45 to 64: $107,236
- Median income for ages 65 and over: $65,628
Colorado
- Median income for ages 15 to 24: $48,585
- Median income for ages 25 to 44: $99,253
- Median income for ages 45 to 64: $106,655
- Median income for ages 65 and over: $63,445
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Connecticut
- Median income for ages 15 to 24: $45,347
- Median income for ages 25 to 44: $97,380
- Median income for ages 45 to 64: $107,844
- Median income for ages 65 and over: $65,053
Delaware
- Median income for ages 15 to 24: $41,216
- Median income for ages 25 to 44: $90,172
- Median income for ages 45 to 64: $98,135
- Median income for ages 65 and over: $62,733
Florida
- Median income for ages 15 to 24: $42,617
- Median income for ages 25 to 44: $77,487
- Median income for ages 45 to 64: $82,587
- Median income for ages 65 and over: $52,625
Exploring Median Incomes Across Various States
Georgia
- Median income for ages 15 to 24: $41,018
- Median income for ages 25 to 44: $78,182
- Median income for ages 45 to 64: $87,602
- Median income for ages 65 and over: $51,664
Hawaii
- Median income for ages 15 to 24: $55,320
- Median income for ages 25 to 44: $94,201
- Median income for ages 45 to 64: $108,693
- Median income for ages 65 and over: $77,957
Idaho
- Median income for ages 15 to 24: $44,999
- Median income for ages 25 to 44: $82,710
- Median income for ages 45 to 64: $86,632
- Median income for ages 65 and over: $52,132
Illinois
- Median income for ages 15 to 24: $39,545
- Median income for ages 25 to 44: $86,623
- Median income for ages 45 to 64: $92,666
- Median income for ages 65 and over: $55,071
Indiana
- Median income for ages 15 to 24: $37,133
- Median income for ages 25 to 44: $76,734
- Median income for ages 45 to 64: $82,433
- Median income for ages 65 and over: $48,309
Iowa
- Median income for ages 15 to 24: $42,262
- Median income for ages 25 to 44: $79,279
- Median income for ages 45 to 64: $88,331
- Median income for ages 65 and over: $52,006
Kansas
- Median income for ages 15 to 24: $36,935
- Median income for ages 25 to 44: $79,212
- Median income for ages 45 to 64: $84,943
- Median income for ages 65 and over: $52,203
Kentucky
- Median income for ages 15 to 24: $37,769
- Median income for ages 25 to 44: $69,081
- Median income for ages 45 to 64: $70,914
- Median income for ages 65 and over: $43,927
Louisiana
- Median income for ages 15 to 24: $34,407
- Median income for ages 25 to 44: $64,889
- Median income for ages 45 to 64: $64,298
- Median income for ages 65 and over: $42,215
Maine
- Median income for ages 15 to 24: $49,037
- Median income for ages 25 to 44: $81,193
- Median income for ages 45 to 64: $82,775
- Median income for ages 65 and over: $51,870
Maryland
- Median income for ages 15 to 24: $48,457
- Median income for ages 25 to 44: $98,953
- Median income for ages 45 to 64: $119,307
- Median income for ages 65 and over: $69,070
Massachusetts
- Median income for ages 15 to 24: $45,377
- Median income for ages 25 to 44: $98,726
- Median income for ages 45 to 64: $110,133
- Median income for ages 65 and over: $63,171
Exploring Median Incomes Across Different Age Groups in Key U.S. States
Income levels vary significantly across different states and age groups in the United States. Below, we break down median income statistics grouped by age for several notable states.
California
- Median income for ages 15 to 24: $53,615
- Median income for ages 25 to 44: $108,536
- Median income for ages 45 to 64: $115,864
- Median income for ages 65 and over: $60,810
Michigan
- Median income for ages 15 to 24: $40,683
- Median income for ages 25 to 44: $75,984
- Median income for ages 45 to 64: $82,652
- Median income for ages 65 and over: $51,010
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Minnesota
- Median income for ages 15 to 24: $48,813
- Median income for ages 25 to 44: $94,868
- Median income for ages 45 to 64: $102,552
- Median income for ages 65 and over: $56,839
Mississippi
- Median income for ages 15 to 24: $36,457
- Median income for ages 25 to 44: $58,641
- Median income for ages 45 to 64: $60,998
- Median income for ages 65 and over: $41,013
Missouri
- Median income for ages 15 to 24: $38,273
- Median income for ages 25 to 44: $74,132
- Median income for ages 45 to 64: $78,791
- Median income for ages 65 and over: $48,298
Montana
- Median income for ages 15 to 24: $41,174
- Median income for ages 25 to 44: $80,901
- Median income for ages 45 to 64: $79,817
- Median income for ages 65 and over: $48,165
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Nebraska
- Median income for ages 15 to 24: $37,867
- Median income for ages 25 to 44: $79,871
- Median income for ages 45 to 64: $88,391
- Median income for ages 65 and over: $51,974
Nevada
- Median income for ages 15 to 24: $51,199
- Median income for ages 25 to 44: $77,839
- Median income for ages 45 to 64: $84,647
- Median income for ages 65 and over: $54,959
New Hampshire
- Median income for ages 15 to 24: $58,255
- Median income for ages 25 to 44: $101,859
- Median income for ages 45 to 64: $114,313
- Median income for ages 65 and over: $59,946
New Jersey
- Median income for ages 15 to 24: $52,624
- Median income for ages 25 to 44: $106,274
- Median income for ages 45 to 64: $117,412
- Median income for ages 65 and over: $65,988
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New Mexico
- Median income for ages 15 to 24: $30,195
- Median income for ages 25 to 44: $66,010
- Median income for ages 45 to 64: $70,567
- Median income for ages 65 and over: $50,240
New York
- Median income for ages 15 to 24: [Data Missing]
Income Insights: A Closer Look at Median Earnings Across the U.S. States
North Carolina
- Median income for ages 15 to 24: $43,453
- Median income for ages 25 to 44: $74,876
- Median income for ages 45 to 64: $81,185
- Median income for ages 65 and over: $49,781
North Dakota
- Median income for ages 15 to 24: $40,508
- Median income for ages 25 to 44: $82,358
- Median income for ages 45 to 64: $90,744
- Median income for ages 65 and over: $56,319
Ohio
- Median income for ages 15 to 24: $38,314
- Median income for ages 25 to 44: $75,119
- Median income for ages 45 to 64: $81,640
- Median income for ages 65 and over: $49,081
Oklahoma
- Median income for ages 15 to 24: $35,945
- Median income for ages 25 to 44: $65,842
- Median income for ages 45 to 64: $71,172
- Median income for ages 65 and over: $47,259
Oregon
- Median income for ages 15 to 24: $45,239
- Median income for ages 25 to 44: $86,934
- Median income for ages 45 to 64: $89,663
- Median income for ages 65 and over: $55,973
Pennsylvania
- Median income for ages 15 to 24: $40,784
- Median income for ages 25 to 44: $83,481
- Median income for ages 45 to 64: $88,589
- Median income for ages 65 and over: $50,330
Rhode Island
- Median income for ages 15 to 24: $53,236
- Median income for ages 25 to 44: $93,542
- Median income for ages 45 to 64: $99,092
- Median income for ages 65 and over: $55,691
South Carolina
- Median income for ages 15 to 24: $40,620
- Median income for ages 25 to 44: $72,086
- Median income for ages 45 to 64: $76,234
- Median income for ages 65 and over: $50,287
South Dakota
- Median income for ages 15 to 24: $44,195
- Median income for ages 25 to 44: $80,824
- Median income for ages 45 to 64: $84,326
- Median income for ages 65 and over: $50,665
Tennessee
- Median income for ages 15 to 24: $42,104
- Median income for ages 25 to 44: $71,706
- Median income for ages 45 to 64: $80,307
- Median income for ages 65 and over: $48,478
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Exploring Median Incomes Across the United States: A State-by-State Breakdown
Texas
- Median income for ages 15 to 24: $38,563
- Median income for ages 25 to 44: $77,881
- Median income for ages 45 to 64: $88,321
- Median income for ages 65 and over: $52,331
Utah
- Median income for ages 15 to 24: $54,506
- Median income for ages 25 to 44: $95,206
- Median income for ages 45 to 64: $111,825
- Median income for ages 65 and over: $63,225
Vermont
- Median income for ages 15 to 24: $41,265
- Median income for ages 25 to 44: $88,484
- Median income for ages 45 to 64: $91,631
- Median income for ages 65 and over: $53,245
Virginia
- Median income for ages 15 to 24: $44,335
- Median income for ages 25 to 44: $93,923
- Median income for ages 45 to 64: $107,552
- Median income for ages 65 and over: $61,447
Washington
- Median income for ages 15 to 24: $54,660
- Median income for ages 25 to 44: $102,996
- Median income for ages 45 to 64: $110,130
- Median income for ages 65 and over: $62,597
West Virginia
- Median income for ages 15 to 24: $27,380
- Median income for ages 25 to 44: $64,761
- Median income for ages 45 to 64: $66,250
- Median income for ages 65 and over: $41,438
Wisconsin
- Median income for ages 15 to 24: $42,103
- Median income for ages 25 to 44: $83,689
- Median income for ages 45 to 64: $86,861
- Median income for ages 65 and over: $50,167
Wyoming
- Median income for ages 15 to 24: $39,353
- Median income for ages 25 to 44: $83,815
- Median income for ages 45 to 64: $79,563
- Median income for ages 65 and over: $53,229
All data is sourced from Scholaroo and is accurate as of May 29, 2024.
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This article originally appeared on GOBankingRates.com: See the Median Salary of Americans Your Age in Every State.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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