Average incomes for millennials can wildly vary depending on one's locale, with the differences between some states rising as high as $20,000 on average.

In short, researchers conclude it's a tough time to be a young person, what with student loans at an all-time high and many young people simply not expected to earn as much as their parents once did as the economy still tries to balance itself stemming from the Great Recession of 2008.

Using data from the Minnesota Population Center's 2014 "American Community Survey" in the Integrated Public Use Microdata Series, Business Insider recently released a map displaying just where the hits have been hardest felt in terms of geography.

Currently, median incomes for millennials range from as high as $43,000 in Washington, D.C. and as low as $18,000 in Montana. The Pew Research center defined a millennial as one born between 1981 and 1997, which accounts for roughly one third of the entire population.

In the major metropolises of New York City ($25,000), Chicago ($23,000) and Los Angeles ($21,900) the average income for that sector stands at just $23,000, or about $2,000 less than it is in the far less glamorized regions of New Jersey, Delaware and Maine.

Business Insider notes that the youngest of the millennials are still college-aged, so they may be only working part-time, which can skew the numbers.

Still, the art of having to learn to do more with less seems the new way of the world, as researchers add even millennials who graduate may have a harder time saving money and investing than generations before them.

And given that much of their entire work history, at least as adults, has been plagued by the still simmering 2008 financial crisis, many millennials have never had the same level of confidence in financial institutions as their parents once did.

In fact, a 2013 Harvard study found that only 11 percent of Millennial trust Wall Street, and are twice as likely to seek financial advice from their parents instead of a bank.