Minneapolis No. 3 best city for Gen Y to launch career
by Mike Durkin -
PayScale.com infographic of typical Gen Y salaries in the U.S.
MINNEAPOLIS (KMSP) -
Minneapolis is the third best city in the U.S. for young adults to launch a career, according to salary data and other factors ranked by PayScale.com.
Minneapolis was behind only Seattle and Houston in the rankings, which generated a score based on median annual earnings, the wage change over time, commute time and the number of Gen Y employees, defined as workers aged 19 to 29 years old.
Paul Timmins, at the University of Minnesota Career Center, said he thinks Gen Y is drawn to Minneapolis by a combination of cool things to do locally and the variety of large companies that are looking to hire young workers while offering opportunities for growth and flexibility.
The median pay in Minneapolis for Gen Y employees is $42,800 -- about $3,000 more than the national average. The city also had a 3.3 percent increase in earnings for full-time, private-sector employees between 2009 and 2012 -- 0.8 percent higher than the national average of 2.5 percent.
Fridley's Medtronic ranks No. 3 overall in PayScale's ranking of top Gen Y employers, which takes into account factors like average salary, the percentage of Gen Y employees and job satisfaction.
PayScale started with a sample of 500,000 Gen Y workers, with subsets of 75,000 workers for some of the survey data. The survey was conducted between July 2011 and July 2012.