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The 10 best big cities for college grads have plentiful jobs and affordable housing
Dallas, Texas, is one of the best cities for recent college grads.joe daniel price/Getty ImagesRedfin and Glassdoor identified the 10 best big cities for this year's college graduates.Each city was ranked across metrics related to housing, career opportunities, and quality of life.Texas has more cities on the list than any other state, with three in the top 10.Graduation season is upon us, and while this year's graduates have much to celebrate, they're also entering adulthood under significant financial pressure.They have more student loan debt than previous generations, face an unforgiving job market, and are trying to navigate a housing market where high prices and mortgage rates have made homeownership feel unaffordable.Where graduates choose to live after graduation could make a big difference, and a new report from Redfin and Glassdoor could help with their decision. The companies ranked 10 major metros using 13 indicators related to housing affordability, career opportunities, and urban quality of life.Across all states, the ranking suggests Texas is a standout destination for college grads. Three of its largest cities — Dallas, Houston, and Austin — round out the top 10. Redfin and Glassdoor highlighted their strong job markets and relatively affordable rent for recent grads."These cities in Texas do great on all metrics: robust job markets, good amenities, and relatively affordable housing," Asad Khan, a senior economist with Redfin, told Business Insider. "Strong housing supply growth in Texas has been key to allowing these cities to grow and attract young professionals from high-cost states around the country.""The strong industry mix. also makes these cities more resilient and attractive to a wide range of early career workers," Khan added.Read on to find out which other cities made the cut. Here are the 10 best big cities for this year's graduates, according to Redfin and Glassdoor.10. AustinAustin.halbergman/Getty ImagesAverage early-career earnings: $72,025Price of typical starter home: $276,600Years to save for down payment: 4 years, 1 monthsMonthly mortgage payment as percent of income: 30.3%Monthly rent as percent of income: 35%9. MiamiMiami Beach, Florida.Volodymyr TVERDOKHLIB/ShutterstockAverage early-career earnings: $62,748Price of typical starter home: $210,000Years to save for down payment: 3 years, 11 monthsMonthly mortgage payment as percent of income: 26.yüzde 4Monthly rent as percent of income: yüzde 338. San DiegoSan Diego.halbergman/Getty ImagesAverage early-career earnings: $74,053Price of typical starter home: $615,000Years to save for down payment: More than 10 yearsMonthly mortgage payment as percent of income: 65.4%Monthly rent as percent of income: yüzde 647. St. LouisSean Pavone/ShutterstockAverage early-career earnings: $61,834Price of typical starter home: $150,000Years to save for down payment: 2 years, 7 monthsMonthly mortgage payment as percent of income: 19.yüzde 1Monthly rent as percent of income: 23%6. HoustonHouston.Sean Pavone/Getty ImagesAverage early-career earnings: $65,369Price of typical starter home: $215,000Years to save for down payment: 3 years, 7 monthsMonthly mortgage payment as percent of income: 25.yüzde 9Monthly rent as percent of income: 18%beş. ChicagoChicago, Illinois.Moses P/ShutterstockAverage early-career earnings: $72,786Price of typical starter home: $202,000Years to save for down payment: 3 yearsMonthly mortgage payment as percent of income: 21.yüzde 9Monthly rent as percent of income: yüzde 284. DallasDallas, Texas.travelview/ShutterstockAverage early-career earnings: $67,451Price of typical starter home: $240,000Years to save for down payment: 4 years, 1 monthMonthly mortgage payment as percent of income: yüzde 28Monthly rent as percent of income: yüzde 263. BostonSean Pavone/ShutterstockAverage early-career earnings: $80,026Price of typical starter home: $460,000Years to save for down payment: 6 years, 8 monthsMonthly mortgage payment as percent of income: 45.yüzde 3Monthly rent as percent of income: yüzde 532. OmahaJacob Boomsma/ShutterstockAverage early-career earnings: $59,123Price of typical starter home: $195,000Years to save for down payment: 3 years, 8 monthsMonthly mortgage payment as percent of income: 26%Monthly rent as percent of income: 28%1. Washington, D.C.xbrchx/ShutterstockAverage annual early-career earnings: $79,857Price of typical starter home: $320,000Years to save for down payment: 4 years, 2. monthsMonthly mortgage payment as percent of income: 31.yüzde 6Monthly rent as percent of income: yüzde 34Read the original article on Business Insider
