The Best Cities For Recent Grads To Rent – Without Blowing Their Entire Paycheck
New college graduates can find both a home and a paycheck in these cities. The top contender: Seattle, Washington
What’s next post graduation? For most, the logical answer is to find a job. After the excitement of finishing your studies and the big celebration, reality hits: time to find a job and a place to live. While many grads are thinking about the next steps, finding a new home is also part of the equation that many young adults will need to solve.
Who doesn’t want to live in a booming city and live the life? Unfortunately, most of these urban hubs are not just pricy, but job opportunities are also very competitive. Fear no more because not everything is just about New York City or Los Angeles. And to be honest, we can’t have it all. The reality is that local markets where young graduates can find most job opportunities are among the least affordable.
Thankfully, Trulia and Indeed have joined forces to help grads discover their best work and housing opportunities. In a recent study called “Where New Grads Can Find a Roof and a Paycheck”, the companies shows us some unlikely sweet spots where job markets are good for new graduates and the housing is relatively affordable. The study has scoured rental listings on Trulia and job postings on Indeed to find the urban hubs that offer both jobs suitable for recent grads and homes to fit the typical college graduate’s budget.
We know that many new graduates are moving back home with their parents –this is a common practice for those who don’t yet have a job. On the other hand, there are the ones the relocate. The study highlights that 31 percent of recent college grads moved to a new home in the past year, compared with 11 percent of adults overall.
Would you like to have a fresh start? Let’s first take a look at the most affordable cities to rent for recent college grads. It’s not a surprise that none of the 10 highest-income metroplexes are among the most affordable. According to Indeed, the five most affordable markets for new grads are all in the Midwest. But the second-most affordable, Youngstown, also has the lowest share of job-postings in new-graduate occupations.
Now let’s look at the six cities that are the most ideal options based on job opportunities and housing costs. Notice that according to the study, The Bay Area, New York, and Boston were too pricey to make the list. The ones that stand out were: Seattle, Hartford, Baltimore, Pittsburgh, Detroit, and Dayton. The top contender is Seattle, Washington, where 23.7 percent of the jobs are ideal for recent grads while 7.6 percent of rental listings are affordable.
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