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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

By Nagidmy Marquez May 22, 2017
Credit: Faustin Tuyambaze

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.

Related: Five Pros And Cons Of Renting A Home To A Student

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.

Related: Brit Banks Unveil Unique Mortgage Plan That Turns Students Into Landlords

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.

Nagidmy Marquez

ABOUT THE AUTHOR Nagidmy Marquez

ABOUT THE AUTHOR Nagidmy Marquez

Nagidmy is a global communications strategist with more than 13 years of experience in the creation, curation and implementation of strategic content and integrated communications practices. She has worked across different regions and cultures of the world including: United States, Latin America, Europe and the Middle East. She is a Mafalda and Don Quixote lover.

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    Do you know how the so-called “affordable” real estate in New York is getting less affordable by the day whereas the city’s luxury market is softening? #luxury #condo https://goo.gl/Avx5AS
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    One of the most iconic buildings in Boston has officially been sold and hopefully, the iconic station will be upgraded. #Boston #SouthStation https://goo.gl/rzWxXS
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    This week, three of the apartments in the starchitect-designed West Chelsea condo have hit the rental market. #zahahadid #chelsea https://goo.gl/7Z7LBF
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