Hartford metro area among the top five ‘best-paying’ cities for millennials, a new report says

We may complain about the taxes or the cost of living here in Connecticut, but the Hartford area actually is one of the top five best-paying cities for millennials in the country, according to a new report.

Fabric, a Brooklyn-based startup specializing in financial planning for families, analyzed data from the U.S. Census Bureau to come up with their list of the best-paying cities for those born between 1981 and 1996.

The Hartford metro area -- composed of Hartford, West Hartford and East Hartford, in the report -- is ranked No. 4 among large cities. Fabric considered metro areas with at least 1,000,000 residents as large cities.

The median earnings -- where half the salaries are above, half below -- for full-time millennial workers in the Hartford area is $49,116, when adjusted for the cost of living. The unadjusted median earnings is $50,000. For comparison, the median unadjusted earnings for workers of all ages in the Hartford area is $60,000.

The report notes that the Hartford area’s median home price is $251,579, and the cost of living is 2% above the national average. If it makes you feel better, the cost of living in the Boston and Seattle metro areas is 12% above the national average, the Washington, D.C, area is 18% above, San Francisco is 28% above and San Jose, Calif., is 31% above.

The three large U.S. metro areas that rank better than Hartford, according to Fabric, are San Jose, Calif., at No. 1; San Francisco at No. 2; and Boston at No. 3. The Seattle metro area fills out the top 5.

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