10 U.S. cities where millennial households earn up to $40,000 more per year than everyone else

Despite a tough start to adulthood, including facing major economic downturns and struggling to land at good jobs as early as their predecessors, millennials are faring pretty well financially these days.

The cohort, currently aged 29 to 44, is one of the highest-earning age groups in the U.S., according to Bureau of Labor Statistics data. This makes sense; workers typically see their earnings peak around their mid to late forties, according to ADP research.

And in many large U.S. cities, millennial households’ median incomes are roughly 9% higher than the overall local median household incomes, according to a recent SmartAsset analysis of Census Bureau estimates.

SmartAsset compared median household incomes among families where the main householder — defined by the Census Bureau as the homeowner or named lease-holder on a rental — is between ages 25 and 44 with the median incomes across all households in over 350 U.S. cities.

This so-called “millennial earnings premium” is over $40,000 in both Jersey City, New Jersey, and Berkeley, California. In Jersey City, millennial-led households have a median income 42.43% higher than the city’s overall median household income.