North Dakota millennials are best off financially

Three oil workers at a fracking site in North Dakota
Oil field workers in North Dakota. Photo: Ken Cedeno/Corbis via Getty Images

The highest median salary in the U.S. if you're a millennial is San Jose, Calif., and the area around it at about $50,000 a year, according to a new study by the Brookings Institution's Hamilton Project.

  • But once you figure in the cost of living and taxes, Silicon Valley doesn't look as great. You'd be better off — at least from a financial standpoint — moving to Bismarck, N.D., or Midland, Texas, where you'd only earn about $33,000, but would have more in your pocket at the end, the study's authors say.