Market Blog

Austin Earns No. 2 Ranking on Forbes Best Cities for Young Professionals

 

In a list of the top 25 Best Cities for Young Professionals, Forbes dubbed Austin No. 2, following behind Seattle, WA. Forbes referenced data on the 100 largest metro areas to compile the list. Six metrics were used to determine the best cities, chosen for their significance to recent graduates. This includes salary, rent, employment prospects, networking opportunities and social outlook.

Affordability was not an influential factor in deciding whether or not a city would make the top 25 list. In fact, only one of the ten most affordable cities in the country made the list and, furthermore, San Francisco earned the No. 4 rank despite the fact that housing in this city is one of the least affordable in the country.

“Of the six metrics we used, the best predictors of whether a city would make the top 25 were the share of adults with degrees beyond high school and the median salary earned by recent college grads. Rental affordability was the least correlated…”

Samantha Sharf | Forbes

Adults with bachelor's degrees in Austin was a respectable 41.7% and the average salary of a recent grad is $51,800. No. 1 ranked Seattle outscored Austin in both these areas, however, Austin holds a higher unemployment rate at 3.6% and a higher project annual job growth rate at 2.97%.

For a more detailed look into Austin’s rankings look here.

[Via Forbes]

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