Millennials make more money in Seattle than in almost any United States city.
Seattle ranks No. 3 in millennials’ salaries, according to a report from Hire A Helper, a company that connects moving companies and customers.
Adjusted for cost-of-living, the median income for millennials employed full-time in the Puget Sound region is $51,727, which is almost $10,000 higher than the national average of $42,000. Unadjusted, the average millennial salary in Seattle is $58,400.
Silicon Valley, ranks No. 1 with an adjusted median salary of $60,201, and the San Francisco Bay Area, is No. 2 with an adjusted median salary of $53,191.
Despite millennials having higher average salaries in Silicon Valley and San Francisco, the cost of living in Seattle is much lower — only 2.9% above the national average. San Francisco’s cost of living is 31.6% higher and Silicon Valley's is 29.4% higher.
Millennial home ownership is also low in cities with higher millennial salaries. Seattle has a millennial home ownership rate of 36.3%. This is just below the national average for millennials, which is 39.9%, and much lower than the overall national average of 64.6%.