10 Best Cities for Today’s College
Graduates
By Brianna Ehley,
The
Fiscal Times
April 29, 2014
As more local institutions join the student loan game,
college kids will have even more options for private loans
Attention, Class of 2014: It’s
almost time to start ditching dorm life for the real world.
Though some soon-to-be degree
holders may already have good jobs lined up, many more will be searching for
some time to come. The unemployment rate for the class of 2013, after all, is
at 10.9 percent – far above the national average. Still, that’s the lowest
unemployment rate for new college graduates since 2007, when the rate was at
7.7 percent.
With the job market improving for
this group of Americans, especially in certain parts of the country, where
should these new grads go?
A new study by NerdWallet examined criteria in each
major U.S. city – such as the job market, average income, affordability and
percentage of young people – all crucial to this cohort, and came up with the
10 places most appealing to new college graduates.
Of course, it's important for
students to note that the job markets in these cities are
extremely competitive. And since they're so popular for young people, even
scoring an interview for an entry level job will be fierce. So,
if you preferred beer pong over books, these might not be the cities for
you.
The best cities for the class of
2014:
1.
Washington, D.C.; Median Income for College Grads: $60,104
Though the nation’s capital is one
of the more expensive places to live, it also has some of the highest wages. Recent college grads in D.C. earn, on average,
$60,104, the second highest annual salary in the country. Washington also has a
strong job market, with many opportunities in government as well as in
business, science and the arts.
2. Seattle, WA; Median
Income for College Grads: $50,578
Seattle is the most educated city in
the U.S.: More than 34 percent of its population holds a bachelor’s degree or
higher. The top industries include aerospace, information technology, clean
technology and health care. It also has one of the highest average incomes for
recent college grads.
3.
Minneapolis, MN; Median Income for College Grads: $46,525
Minneapolis is home to the most
Fortune 500 companies per capita in all of the metro areas in the country, so
there are plenty of job opportunities for recent college grads. The Twin Cities
of Minneapolis and St. Paul also have one of the highest populations of young
people between the ages of 20 and 29, making this area an even more appealing
place for recent grads.
4. San
Francisco, CA; Median Income for College Grads: $61,426:
Though San Francisco is one of the
most expensive places to live, high wages and a strong job market make it
incredibly attractive to new graduates. The median income for those with
bachelor’s degrees is $61,426, the highest in the country. Major industries
include technology, science, media and financial services. The area is home to
the country’s biggest tech giants, including Google and Twitter.
5. Austin,
TX; Median Income for College Grads: $45,023
Austin is hopping with young
professionals – those ages 20 to 29 make up more than 21 percent of the
population. It also has the lowest unemployment rate out of all major U.S.
cities, with plenty of opportunities for young workers. Major tech
corporations like Dell and IBM are in Austin, and it’s one of the most
affordable places to live out of all other major cities. It ranked the second
lowest on NerdWallet’s Cost of Living Index, just behind Columbus, OH.
6. Atlanta,
GA; Median Income for College Grads: $50,862
Atlanta has a range of opportunity
for new graduates. The city is driven by trade and transportation, business
services, government, education and health services; Atlanta is home to
Coca-Cola, Delta Air Lines and The Home Depot.
7. Raleigh,
NC; Median Income for College Grads: $45,495
This city has the third most
educated population on the list, with 31.9 percent of residents 25 and older
holding a bachelor’s degree or higher. Major industries include manufacturing,
aerospace, biotechnology and green energy.
8. Boston,
MA; Median Income for College Grads: $52,119
Young people apparently love Boston:
It has the greatest proportion of young professionals of all large cities.
Though the Massachusetts capital is an expensive place to live, young people
tend to earn higher wages and the unemployment rate is relatively low. The largest
industries are health care, finance and insurance and education.
9. Denver,
CO; Median Income for College Grads: $48,133
Denver has one of the most educated
populations, with a large percentage of people holding a bachelor’s degree. The
Mile-High City has a moderate cost of living, though degree holders tend to
earn higher than average wages. The top industries are aerospace and aviation,
broadcasting and telecommunications, energy and health care.
10. Columbus, OH; Median Income for
College Grads: $44,392
Columbus is the most affordable city
in the top 10, according NerdWallet’s Cost of Living Index. It also has one of
the lowest unemployment rates. Major industries include manufacturing,
logistics, science and technology, and business and financial services. The
largest employers include JPMorgan Chase & Co, and The Ohio State
University.
NOW WHAT DEVELOPING NATIONS LIKE NIGERIA SHOULD KNOW FROM
THE ABOVE:
·
Keep good statistics records of census
populations without bias of one tribe or the other trying to manipulate a
national human head counts.
·
Have a good data of the employed and
unemployed people Youths/ (Adults).
·
Create a constitutionally recognized
frame work that provides social welfare for the students and unemployed youths
instead of just few people in the society embezzling wealth that is meant for a
whole Nation.
·
Adopt true Federalism to allow
competition among states to help speed up human and infrastructural
development.
·
Revisit banking system interest
percentages on loans and bring loan interest to a barest minimum of single unit
to empower youths and the investing commercial populace and grow the peoples
per capital income which will in turn grow the economy.
·
Diversify the Government investment and
earning focus from only depending on crude oil income to refining, chemicals
and petrochemical products, agriculture and machinery productions etc.
·
Add more craftsmanship and entrepreneurial
curriculum to the institution of higher learning and post primary academic
studies.
·
It is so disheartening that while
the global unemployment rates soars and economies are drifting, the developing
nations gets busy strategizing to cushion the effects on its citizens and their
economies, the undeveloped economies has continued to stamped and concentrates
on corruption thereby repeating one same practice of old and ready to gaining same failed results.
·
The only thing that cannot change is
change….There is no one Nation that can develop another Nation better than its
citizens can do….a word is enough for the wise.
·
Let your home be sufficient enough
for the room to accommodates your youths, otherwise the future is not safe haven.
Additional
Comments/Writing coiled from Prince Evans (Nigeria) Post, Top coiled from Fiscal Times.
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