These are the best cities for recent college grads to work and live, study says

The 10 best cities for new grads starting out

These are the best cities for recent college grads to work and live, study says

Perhaps you’re a newly minted college grad who walked off the commencement stage with a job lined up and a new city to explore.

Or maybe it’s the other way around: You have to figure out where you’ll live — one option might be to stay right where you are — then find a job wherever you land.

Last year, employers expected to hire 5% more graduates than in 2016; it appears the employment outlook for recent graduates is on the upswing. Yet as any English major can tell you: Not every city offers the same opportunities.

Factors to consider

NerdWallet analyzed data for the 100 largest U.S. cities and scored each according to the environment offered for recent college graduates who are looking to get a foothold in the working world. Here’s what we looked at — and factors you might want to consider.

Do other young adults live there? We looked at the percentage of the population ages 20 to 29.

Do other residents also have degrees? We examined the percentage of the 25-and-older population with a bachelor’s degree — this group doesn’t include residents who also have graduate or professional degrees.

How much does it cost to live there? We looked at median annual earnings of those 25 and older with bachelor’s degrees only, monthly gross rent (including utilities) and the percentage of monthly income gobbled up by rent.

What kinds of jobs are available? To gauge the career opportunities for college graduates, we incorporated the percentage of workers in the city whose occupations fall into the “management, business, science or arts” category as defined by the U.S. Census Bureau.

How tight is the local labor market? We examined the July 2017 jobless rate. Lower unemployment is generally thought of as favorable for workers in the labor market.

NerdWallet’s analysis examined 2015 U.S. Census Bureau data on job options, the age of the population, rent costs and median earnings, as well as July 2017 unemployment rates from the Bureau of Labor Statistics. To see the full data set, click here.

Key takeaways

Cities with high rents can still be a good place to start out.

 Rent accounts for, on average, 26% of median income for residents 25 years and older with a bachelor’s degree in the top 10 cities, compared with nearly 25% in all 100 places, according to our analysis. It suggests that although high living expenses can be a burden, other factors — such as higher incomes — can make up for it.

Cities with lots of young adults and educated residents are top bets. Cities in the top 10 tend to rank highly for both the percentage of the 25-and-older population with a bachelor’s degree only and the percentage of the population ages 20 to 29. For example, the top city, Madison, Wisconsin, ranks eighth in the first metric (31%) and first in the second (26%).

Cities with big state universities are welcoming. Six of the cities in the top 10 are home to a major state university, and a seventh, Boston, has 35 colleges and universities in its borders, according to the city.

Best cities for recent college grads

1. Madison, Wis.

Wisconsin’s capital has lots of young educated adults, in part because it’s home to the state’s flagship campus, the University of Wisconsin. Combined with its low unemployment rate and high percentage of workers in management, business, science or arts jobs, Madison vaults to the top.

Though its median income for those 25 and older with bachelor’s degrees, $46,275, is average among other cities in the top 10, the median gross rent, $981, is relatively affordable.

As a result, rent as a percentage of income, 25%, is among the lowest in the top 10, and about average for all cities in this analysis.

2. Arlington, Va.

Just over the Potomac River from the nation’s capital, Arlington is part of the densely populated region known as Northern Virginia, or NOVA. Rents are the highest among the top 10 — a median of $1,844 a month — and third-highest in our analysis.

That the median income is $75,025 doesn’t quite offset the cost of living: Arlington’s young professionals still pour about 30% of their income into rent.

Where it thrives is the percentage of workers in high-paying management, business, science and arts occupations (topping our list at 68%), ly due to the large technology, government contracting and finance employers in the region.

3. Seattle

As the hub of the region that counts Amazon, AMZN, +0.19%   Microsoft, MSFT, +1.78%   Starbucks SBUX, +2.38%   and the Boeing Co. BA, -0.

94%   among its biggest employers, the largest city in the Pacific Northwest ranks the best in the top 10 for the percentage of residents ages 25 and older with bachelor’s degrees (36%), and third-best for the percentage of folks who work in management, business, science and arts occupations (56%).

It’s a pricey city, and not just the coffee: Rent and other essential living expenses will take nearly 27% of a median income for younger residents, which is higher even than the average of 26% for the more-expensive cities in the top 10.

4. Minneapolis

The larger of the Minnesota’s Twin Cities (population 411,000 to St. Paul’s 301,000), Minneapolis ranks by far as the most affordable city in the top 10, with rent gobbling up just 21% of median income.

the other Midwest city (Madison) on the list, Minneapolis is home to a big state university, the University of Minnesota, which no doubt contributes to the high percentage of the population ages 20 to 29 (21%), which makes it the eighth highest population in our analysis and third-highest in the top 10.

5. Boston

Boston has so many colleges that it’s often seen as a big college town. But our analysis suggests it’s good for graduates, too.

Case in point: It ranks 13th 100 in our analysis for percentage of workers in of management, business, science and arts occupations at 47% (the national average is nearly 38%).

That said, gross rent is the seventh-most expensive among the top 100 and third-highest in the top 10 at $1,423 a month, and median income for residents ages 25 and older with bachelor’s degrees ($56,853) doesn’t make Boston as affordable as most other cities.

6. Washington, D.C.

Though it’s a much bigger city at over 650,000 residents, the nation’s capital looks a whole lot Arlington in our analysis. Both are urban locales with high rents and high incomes. Washington has the second-highest percentage of workers in management, business, science and arts occupations in the top 10 and third-highest in the top 100 at nearly 61%.

7. San Francisco

This city ranks well in our analysis in some areas you might expect — what with all the technology workers and entrepreneurs flooding the restaurants.

It has a highly educated population, with roughly a third of residents 25 or older holding bachelor’s degrees. That’s good for fifth-highest in the top 100 and third-highest in the top 10.

At $1,659, San Francisco also has one of the highest median gross rents in this analysis, but it makes up for it with the third-highest median income of $72,016.

8. Austin, Texas

Texas’ capital and a technology hub in its own right, Austin is home to the Lone Star State’s flagship campus, the University of Texas. Not surprisingly, Austin ranks highly in percentage of residents 25 and older with bachelor’s degrees (nearly 31%), which makes it ninth the top 100.

It’s median gross rent — $1,139 a month — isn’t out the roof, as in some other cities in the top 10, but median annual incomes ($50,379) for residents older than 25 with bachelor’s degrees ranks 38th 100.

The upshot: Austin is less affordable relative to most other cities in the country and most other cities in the top 10.

9. Atlanta

Georgia’s largest city and a magnet for people from around the South and beyond, Atlanta scores just behind Minneapolis in median gross rent as a percentage of income at 22%.

In addition to affordability, the city is 10th in the top 100 in percentage of workers in management, business, science and arts occupations, in part due to the Georgia Institute of Technology, better known as Georgia Tech.

10. Raleigh, N.C.

At the heart of North Carolina’s breakneck growth is Raleigh, the capital, which has grown over 60% since 2000 to upward of 450,000 residents. The city and surrounding suburbs are home to offices of numerous multinational companies in technology, life sciences and finance.

As such, Raleigh ranks highly for percentage of workers in management, business, science and arts jobs, with 46% — making it 15th the top 100.

It also ranks seventh in our analysis for the percentage of residents 25 and over with a bachelor’s (nearly 32%), which is ly thanks to North Carolina State University.

Tips for relocating

  • Save when moving without roping in your friends and family.
  • Learn ways to lessen the financial pain of moving.
  • Explore ways to pay for moving expenses, including finding the right credit card.

Methodology

NerdWallet analyzed data for the 100 largest cities in the U.S. by population. The unemployment rates for metropolitan areas are from the Bureau of Labor Statistics for July 2017. This is 20% of the score.

The rest of the score includes the most-recent data (2015) from the U.S. Census Bureau’s American Community Survey.

Percentage of the population 25 and older with a bachelor’s degree or higher is 15% of the score.

Percentage of the population ages 20 to 29 is 30% of the score.

Median earnings of residents 25 years and older with a bachelor’s degree are 10% of the score.

Jobs in management, business, science or arts occupations are 10% of the score.

Rent as percentage of income is 15% of the score.

More from NerdWallet:

  • Moving and Money: A financial guide for relocating
  • Compare graduate school loans
  • 5 Ways to Get Fast, Free Student Loan Help

Источник: https://www.marketwatch.com/story/the-10-best-cities-for-new-grads-starting-out-2018-05-21

What are the best cities for jobs, social life and affordable living after college graduation?

These are the best cities for recent college grads to work and live, study says

With a diploma in hand, where’s your post-college life going to take you?

If you’re looking for a city with good jobs, a vibrant social scene that’s also affordable, you might not look much further than your alma mater, according to a ranking from rental platform Apartment List given exclusively to USA TODAY.

Many of the top 10 cities that received A-minus to A-plus grades were also home to sizable colleges, such as the University of Wisconsin-Madison, North Carolina State University and Texas Tech University.

“A lot of cities we found that were best for college grads were pretty good college towns themselves,” says Igor Popov, chief economist at Apartment List. “You might think people want something entirely different, but people could be happy to stay there in their 20s and early 30s and still do well economically.”

If you’re looking for a city with good jobs, a vibrant social scene that’s also affordable, you might not look much further than your alma mater, according to a ranking from rental platform Apartment List given exclusively to USA TODAY in May 2019. (Photo: skynesher, Getty Images)

Five other cities also received A- grades, but their overall scores were lower than the top 10. Those cities were Austin, Texas; Cincinnati; Denver; Nashville, Tennessee; and Washington, D.C.

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Apartment List looked at 100 cities and ranked them the city’s population of young adults; unemployment rate of those with bachelor’s degrees or higher; affordability of rents; nightlife and recreational activities; and ease of meeting new people.

Apartment List used Census data, its own rental data and results from its annual survey of 24,000 renters.

Here are the top 10.

Madison, Wisconsin

Overall grade: A+

Population grade: A+

Unemployment grade: A+

Affordability grade: B+

Activity grade: A+

Social grade: A+

Lincoln, Nebraska

Overall grade: A

Population grade: A-

Unemployment grade: A+

Affordability grade: A

Activity grade: B+

Social grade: A+

A skyline view of Minneapolis, one of the best cities for college graduates, according to Apartment List. (Photo: StevenGaertner / Getty Images)

Minneapolis

Overall grade: A

Population grade: A+

Unemployment grade: A

Affordability grade: B

Activity grade: A+

Social grade: A+

Arlington, Virginia

Overall grade: A

Population grade: A+

Unemployment grade: A+

Affordability grade: D

Activity grade: A+

Social grade: A+

Pittsburgh

Overall grade: A-

Population grade: A+

Unemployment grade: A

Affordability grade: B+

Activity grade: B+

Social grade: A-

Columbus, Ohio

Overall grade: A-

Population grade: A

Unemployment grade: A+

Affordability grade: A-

Activity grade: B+

Social grade: B+

A nighttime view of Boise, Idaho, one of the best cities for college graduates, according to Apartment List. (Photo: Joecho-16 / Getty Images)

Boise, Idaho

Overall grade: A-

Population grade: C

Unemployment grade: A-

Affordability grade: A

Activity grade: A+

Social grade: A

Raleigh, North Carolina

Overall grade: A-

Population grade: A-

Unemployment grade: A

Affordability grade: C

Activity grade: A+

Social grade: A+

Lubbock, Texas

Overall grade: A-

Population grade: A

Unemployment grade: A-

Affordability grade: A+

Activity grade: B-

Social grade: B+

Norfolk, Virginia

Overall grade: A-

Population grade: A+

Unemployment grade: B-

Affordability grade: B+

Activity grade: A-

Social grade: A

CLOSE

It’s not news that college has gotten pricy, leading a lot of people to take out loans.

Read or Share this story: https://www.usatoday.com/story/money/2019/05/22/graduation-2019-which-cities-best-college-grads/3759160002/

Источник: https://www.usatoday.com/story/money/2019/05/22/graduation-2019-which-cities-best-college-grads/3759160002/

10 Best International Cities For Graduates To Live After Graduation

These are the best cities for recent college grads to work and live, study says

If you're anything me, you want to settle down close to your family. But I'm 20, and I'm not settling down yet.

In the meantime, I'd to go somewhere cool, somewhere I can explore and come back and say I've experienced a new culture, a new lifestyle, a job I never in a million years would've thought I'd have with my degree.

Well, these international cities are fantastic for cheap living and good job for young people, so if you're about to graduate but feel RUNNING from settling down, maybe consider buying a plane ticket.

1. Toronto, Canada

Toronto is one of the world's most multi-cultural cities, so if you move there, you'll fit in fine, as roughly half the city's population are immigrants.

Toronto is on Forbes' Most Economically Powerful Cities due to consistent economic growth, low cost of living, and Toronto's being home to over 600 start-ups, which encourages growth to come and encourages those who may want to start their own business.

Widespread public transportation allows you to live there without owning a car. Canada also happens to be the country with the highest percentage of college graduates, so why not join them upon earning your own degree?

2. Vienna, Austria

Perhaps all you need to know is that Vienna has been ranked the Most Liveable City In The World.

Criteria include personal safety (taking into account factors vulnerability to terrorist attacks and crime rates), economic conditions (Vienna is a hub for companies looking to do business in central Europe and boasts an impressive GDP), and social atmosphere (Vienna is a very young city which citizens claim is simply more fun than other competitive cities on the list).

3. Washington D.C., United States Of America

D.C. is the number one most popular spot for recently graduated millennials in the States. D.C. is relatively expensive to live in, however it's far from the most expensive major city in the States. D.C.

provides millennials with great parks and nightlife, and is a city that's easy to walk around or use public transportation to avoid owning a car. It's only a short distance from other major cities such as Philadelphia, New York City, and Baltimore, for weekend trips.

And of course, it's the perfect place to live if you're interested in activism and U.S. politics.

4. Mexico City, Mexico

On numerous lists, Mexico City is rated as having both the lowest cost of living and the lowest cost of public transport.

Absolutely ideal for young graduates who don't have jobs or high-paying jobs yet, or young people who simply want to save up money for eventual home ownership and families.

It's easy to travel to nearby cities Puebla and Taxco, and the weather is always great. Basically the perfect place for cheap food, rent, and getting around.

5. Seoul, South Korea

Seoul is rated as the most environmentally sustainable city in the world right now, a hot button issue for young people growing up and realizing that their grandparents who sprayed aerosol cans and didn't give a fuck about global warming may cause us some future troubles. There are many mountains to climb, national parks, and Han River for people who enjoy lounging or running by water. And major perk – many companies pay for your housing if you're employed with them, so living here may also help you say money for later in life.

6. Minneapolis, United States Of America

Minneapolis has come out on top for lists looking for the best city for foodies, for people looking for jobs, for students living without cars and for greenest cities. In other words, there is a hidden gem smack in the middle of the States.

While the weather might be a turn-off (it's freezing for most of the year), if you're willing to bundle up, it might be worth your while.

Minneapolis is a healthy city with many exercisers and remarkably few smokers (if anyone's looking to quit), and a high percentage of the city is set aside as parkland, so many residents choose to take the longer walk to work to get in some exercise and Vitamin D.

7. Berlin, Germany

Berlin is known for their music and film scene, and well as plenty of options for nightlife and clubbing for young people.

They also have notably efficient public transportation, and they were the first city in Germany to introduce rent controls, meaning that you won't be overpaying or pushed your starter's apartment.

Berlin also has a big start-up culture and it's affordable to rent office or meeting spaces if you're looking into working for or running a new business.

8. Edinburgh, Scotland

Finally for the creative majors ( me), Edinburgh has one of highest concentrations of creative and digital startups in the United Kingdom. Another perk is that the city is small enough that you can walk most anywhere.

Edinburgh has tons of outdoor art and natural landscape, high-ranking universities, and there are annual international festivals and daily fireworks in August.

It's basically the place to be if you're a young graduate who enjoys arts and sexy accents.

9. Denver, United States Of America

So we can start by saying that weed is legal here. But there's more. Colorado is known for its skiing, and makes the list for top US cities for its beauty and affordability.

Denver is also home to tons of craft beer and sports and the sun shines almost every day. And to boot, the U.S. News ranked Denver as the number 1 U.S.

city to live in job market, so if you're feeling that I'll-never-be-employed anxiety, Denver might be able to reduce that.

10. Abu Dhabi, United Arab Emirates

Abu Dhabi has the lowest crime rate of the cities on our list and has also been ranked best city for its ease of hiring – great if you're eager to start working ASAP.

There is an amazing stretch of sandy beaches to spend your weekend relaxing or working on your fitness by running through the imported sand.

Food in Abu Dhabi is cheap and you can get just about anything because such a wide host of cultures call this place home.

Video: The world's best cities to live in 2016 | Top 10 cities to live in

Credit: Wacky Alan

Источник: https://www.collegetimes.com/life/10-best-international-cities-for-graduates-to-live-after-graduation-132700

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