With an unemployment rate of 15.5 percent, Millennials might need to consider a move to a city that offers not only the best job opportunities but also the most desirable quality of life.
It’s spring, and a college graduate’s fancy turns to jobs. Employers expect to hire 8.6 percent more of Class of 2014 graduates than they hired from last year’s graduating class, according to a National Association of Colleges and Employers (NACE) survey.
With an unemployment rate of 15.5 percent, Millennials might need to consider a move to a city that offers not only the best job opportunities but also the most desirable quality of life. Where are these Shangri-Las? A new WalletHub study of the 150 largest U.S. cities maps out the best cities to start a career.
Topping the list is Washington D.C. At the bottom, Modesto, CA. In the middle, Worchester, MA. Four Texas cities rank in the top 10.
The WalletHub analysis determined the relative strength of the respective city’s job market, social scenes, housing costs, average annual income, percentage of population ages 25-34, and opportunities to find a romantic partner (the share of the population that has never married), and other factors.
Washington D.C. earned the top overall rank, followed by:
- Denver, CO
- Irving, TX
- Seattle, WA
- Minneapolis, MN
- San Francisco, CA
- Austin, TX
- Dallas, TX
- Charlotte, NC
- Houston, TX
Yonkers, NY ranked tops for most entry-level jobs (but 69th overall), while San Jose, CA (44th overall) boasts the highest starting salaries. Springfield, MO (112th) offers the least expensive apartments to rent, WalletHub found, while Washington, D.C. can take bragging rights for “best mating opportunities.”.
Recent graduates are advised to consider career mobility in selecting a place to live, offered Carl Martellino, from the University of Southern California. “It is important,” he said, "to consider current and future job prospects. A recent graduate should not consider the initial city or location as a permanent decision. For example, a leadership or management training program might be at a city where the organization is headquartered, but the employee will have opportunities to move to other locations after this initial training period.”
Related story: What do Millennials want most from a job?
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.