Current school graduates have lots on their minds this summer season: The nationwide unemployment charge ticked up final month, and a widening generational wealth hole is making it tougher than ever to purchase a primary residence. The place are they alleged to go now?
A brand new examine by Zumper would possibly assist. It analyzed the nation’s 100 most populous cities to search out the perfect ones for brand spanking new graduates primarily based on a number of metrics (the place ample knowledge was out there). They embrace median one-bedroom rents and eating places per capita, in addition to U.S. Census Bureau knowledge on the inhabitants of 18-to-34 yr olds, the variety of 25-year-olds with bachelor’s levels, the variety of single folks, the median revenue of youthful residents, and native unemployment charges.
Topping the record was Minneapolis, which had an affordable median one-bedroom lease ($1,150 a month) and ranked fifteenth for its unemployment charge (5.2 p.c). Oklahoma Metropolis’s median lease ($849) was the bottom among the many prime 15 cities, serving to it rank tenth general. San Francisco ranked fifth because of its excessive median revenue ($87,946) for folks 25 and youthful — which helps with its enormous median lease ($2,895).
Laredo, Texas, fell to the underside of the record with its small share of 25-year-olds with bachelor’s levels. It additionally ranked low in median revenue and the variety of eating places per capita. Its increased scores for median lease ($850) and unemployment charge (5.5 p.c) weren’t sufficient to make up for its downsides. Augusta, Ga., which ranked 91st for median revenue ($22,861) got here in 99th general. Windfall, R.I., completed only one spot increased, rating thirty first for unemployment charge (7.1 p.c), and far decrease than that for its paltry inhabitants of younger residents.
Should you’re fascinated by New York Metropolis, which completed twentieth general, it had the best median lease of any metro within the examine. However it additionally had the most important inhabitants of residents between the ages of 18 and 34 (greater than 2 million), and scored nicely for median revenue.
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