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Millennials' hourly wages increasing at double the national average

According to a Paychex report, millennials make an average of $21.80 per hour, and their annual hourly earnings are growing at a rate nearly double the national rate.

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The average hourly wage for a female millennial is $20.44, but $23.03 for men. (Photo: Shutterstock)

Millennials must be doing something right. According to a recent report from Paychex, The Rise of the Millennial Employee, millennial hourly wages have been steadily increasing since 2011. Though their $21.80 per hour has them lagging behind the national average of $27.58, their annual hourly earnings are growing at a rate nearly double the national rate (5.8 percent compared to 3 percent).

Millennials also work less than the national average, putting in 38.6 hours per week, whereas overall, hourly workers clock 38.8 hours per week.

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