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Gen Z is thriving financially in these American cities, according to a new report

(NEXSTAR) – A new report has found that nearly a third of Gen Z – also known as Zoomers – already feel financially secure thanks to both a job and a part-time job, especially in certain US cities.

Because of the current economy, most Zoomers are looking for that sense of security and are willing to do whatever it takes to find it, the survey suggests. According to LendingTree, at least 55% of young Americans have a part-time job in addition to their current job. Thanks to the extra work, they earn an average of $1,253 extra.

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However, Gen Zers are doing much better in some parts of the country than others. MoneyGeek looked at data from cities across the US and used various metrics to determine where young adults are thriving in areas such as economic opportunity and quality of life. What the final data shows is that Zoomers are more financially fortunate in the West.

This is because the average median household income in the West is $53,497 – almost $12,000 more than the next closest region, the Northeast.

As far as cities in the region go, Salt Lake City, Utah, tops the list. The city has seen a 41% growth in its young adult population and has the lowest federal student loan debt per borrower at $11,062.

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Rounding out the rest of the top five are Abilene, Texas; Des Moines, Iowa; Boise, Idaho; and finally Las Cruces, New Mexico.

Here’s how the rest of the country ranks in terms of financially thriving Zoomers:

More about these cities and their options for Zoomer can be found on the MoneyGeek website.

Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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