Houston made to the top ten again and this time it’s the young grads who picked Houston as the No.3 destination to start their new life. Around this time each year, a fresh group of college graduates eagerly seek to begin a new phase in life – trading student status for professional titles. The National Center for Education Statistics projects more than 1.6 million students will graduate with bachelor’s degrees in the Class of 2014. Setting their sights on jobs across the country, recent grads must weigh whether to stay in their current college town versus moving to a new city to begin planting roots.
In a still-recovering economy, where the job market remains uncertain and the repayment of student loans is a daunting reality for many recent grads, the ideal place for many may be wherever that first job is landed. Nonetheless, some cities are more promising than others, providing college grads exceptional opportunities for growing careers and affordable housing.
Homes.com has teamed up with sister site, ForRentUniversity.com, to comprise a list of the ten most favorable cities for new college graduates. The best cities to live, work and play were all chosen based on mean entry-level income, average price of a one-bedroom apartment, proximity to postgraduate institutions as well as number of social opportunities. The list also analyzes unemployment rates and the percentage of the population identified as millennials (ages 25 to 34). For more information, please view this shareable infographic.
Houston ranks third in the entire country on this young professionals best cities list. This is thanks in large part to the Bayou City’s mean entry-level income of $41,000 — one of the highest in the nation. H-Town boasts a 5.7 unemployment rate and a median one-bedroom apartment price of $800. In part due to its 24 Fortune 500 companies, Houston has a “promising job market.”
Dallas ranked No. 2 on the list, just behind Atlanta. In shocking news, Austin was not anywhere on this list. Oh snap.
Here’s the complete list:
Atlanta, Georgia
Dallas, Texas
Houston, Texas
St. Louis, Missouri
Minneapolis/St. Paul, Minnesota
Raleigh, North Carolina
Denver, Colorado
Seattle, Washington
Boston, Massachusetts
Click here to see the detail infographics
Job is the key factor for many things whether it comes to housing or economic development. Job is where people wants to go. Houston has abandon of jobs and many companies are expanding and opening their own campus around Houston area. This is attractive to many including the young grads who want to start their new life. It’s very encouraging and it will surely change the Houston city life and overall geographical nature for the future.Let’s wait and see…
About Vijaianand Thirnageswaram
I am a Proud Realtor of Texas, trying to guide and help clients to find their dream home and educate them to buy them for right price. I am also a Candidate for CFP who has more financial knowledge which allows me share and educate clients in any financial decision making process.