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Mar 18

If you hate rich millennials, avoid these cities | New York Post

Sick of dealing with millennials who make more money than you do? Don’t move to these cities.

The real estate website Zillow recently reported the top 10 towns where the largest percentage of young Americans ages 22 to 34 made more than $350,000 a year.

The top spot? Arlington, Virginia, where 8.7 percent of millennials make big bank.

“It’s a small town near DC that enjoys a young professional class of lawyers, consultants and lobbyists,” says Aaron Terrazas, the website’s senior economist.

Trailing behind were West Coast hubs with booming, well-paying tech industries: San Francisco (7.8 percent); Sunnyvale, California (3.9 percent), and Seattle (3.9 percent).

Surprisingly — or happily, for some — NYC is nearly at the bottom of the list, at eighth place (2.8 percent).

“NYC has a lot of well-to-do millennials, but it has a density disadvantage,” Terrazas explains. “It’s economically diverse and contains millennials of all stripes and backgrounds. That’s why those smaller cities ranked higher.”

Of course, these places where rich kids live, work and play will probably experience a wine shortage, as millennials are expected to be the largest vino consumer demographic by 2026. Cheers!

Source: If you hate rich millennials, avoid these cities | New York Post

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