Deciding where to live after graduating college is a decision that should be made with care and thoughtful research. You want to earn enough money to repay your student loans while establishing a solid foundation for future success.
When choosing the best places to live after college, the criteria that are on many young adults’ lists includes professional and social opportunities, affordable housing, quality of life, and pay potential as determining factors in aiding their decision of where to live. Based on this areas, here are 10 of the best cities in the United States to start a career as a new graduate.
The best places to live after college
1. Salt Lake City, Utah
It’s no surprise that Salt Lake City is number one on WalletHub’s list of the best cities for college grads to start a career, due to the fact that it has a healthy offering of entry-level jobs and economic growth opportunities for young professionals. Other key metrics include the city’s reasonable median starting salary and very affordable housing market. In addition, there are an unlimited amount of things to do outdoors and a vibrant social scene, both of which make for a high-ranking quality of life.
2. Austin, Texas
As one of the top technology hubs in the country, Austin is home to top employers like Google, Blizzard Entertainment, eBay, Apple, Facebook, and hundreds of startups. The city plays host to annual SXSW events, nightly music events, food trucks, and an endless cultural scene, helping it rank well in the quality of life and social arenas. As determined by PayScale, Austin has a relatively low cost of living compared to most other cities within the United States—and we all know how your housing options can affect your budget.
3. Denver, Colorado
Denver and the surrounding areas boast a plethora of jobs related to business services, finance, education and health industries, as well as gorgeous scenery that makes the city a great place for young adults to live after college. With a ton of outdoor and social activities available, you’ll never want for meeting new people or connecting at networking events. In addition, Denver and Boulder are home to many young tech companies and startups like Ibotta, Kapost, and Rafflecopter.
Multiple co-working spaces and hundreds of local coffee shops are the perfect fostering grounds for monthly meetups, hosted by other entrepreneurs and business owners who live in the area. The city also has annual events like spring’s Boulder Startup Week and fall’s Denver Startup Week, both of which are free for attendees.
4. Boston, Massachusetts
Boston has been, and will continue to be, a great choice for new graduates looking to jumpstart their careers. The city offers some of the best career advancements and highest ranking salaries in the country. According to WalletHub’s study, the city has the highest percentage of young adults ranging in age from 25 to 34 years old. With over 100 colleges and universities in the greater metro area, there’s no shortage of other recent grads nearby. There are also plenty of social opportunities, from Red Sox games to volunteer opportunities with the Boston Rotaract Club, that will help increase your quality of life.
5. San Jose, California
Located at the southern end of Silicon Valley, San Jose boasts beautiful surroundings, great weather, and a variety of state parks, all of which contribute to an increased level of quality of life and social opportunities. According to CNBC, San Jose takes the top spot for job pay potential. The city also offers thousands of jobs in the management, tech, business, science, and art industries.
6. Raleigh, North Carolina
While Raleigh may not be the largest city on this list, it does have one of the best tech research and development centers in the United States. Companies like Cisco, Microsoft, GE Aviation, and the Environmental Protection Agency all have offices in the area known as the Research Triangle Park, making this one of the best cities for college graduates. The city has become the go-to choice for young professionals who are interested in finding jobs in the software, financial services, and energy fields. Better yet, a study by Wells Fargo found that over 70 percent percent of Raleigh’s homes are considered affordable to medium-income earners.
7. Dallas, Texas
Dallas and its surrounding cities continue to rank within top 10 lists in studies done by Bankrate, WalletHub, and even CNBC, excelling in areas of social opportunities and affordable housing. In fact, one of the main reasons it made this list is for having several suburbs with the most budget-friendly housing rates in the country, with the median home price coming in at $141,000. It also has some of the highest starting salaries for executive assistants, engineers, financial analysts, and office managers, positions which offer career advancement opportunities for new graduates.
8. Minneapolis, Minnesota
In 2015, Minneapolis ranked number nine on Fortune’s top cities for finding a job, and its popularity continues to grow thanks to a thriving job market, landing 8th on ZipRecruiter’s list for the best job markets for 2016. Recent college grads can look for jobs related to business, agriculture, technology, and financial services. The city also boasts a healthy quality of life and social opportunities, with more than 94 percent of all residents living within a 10-minute walk of a park.
9. Seattle, Washington
The birthplace of Starbucks not only draws coffee lovers, but young adults and recent college grads alike. Seattle is making way for an up-and-coming tech scene and ranks first in the country for proximity to tech companies (just ask Microsoft and Amazon, both of which are headquartered there). The city has one of the highest rates for job growth and also offers beautiful surroundings like mountains and the ocean, as well as a highly coveted food and social scene. All of that adds up to one of the best places to live for college graduates.
10. Oklahoma City, Oklahoma
You may not think of Oklahoma City as one of the best places to live after college, but don’t discount it just yet. The city has a strong job market and super affordable housing, with other costs of living coming in at 10 percent cheaper than the national average. New grads will be able to find a variety of jobs within industries like aerospace, energy, biotech, transportation, healthcare, and more. The surrounding scenery and historical significance also cater to a high quality of life.
As a new graduate, you’ll need to be able to fully understand how the place you live will impact your post-college career and finances. With this list of the top cities for college grads, you can be prepared to choose a place to live based on its job market and other important factors that matter most to you.
To learn more about the best places to live for college graduates, check out the top states to live in for paying off student loans.
Interested in refinancing student loans?Here are the top 6 lenders of 2018!
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1 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 5.87% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 5.87% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 08/21/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on ourstudent loan refinance product.
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2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
Savings example: average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
Application detail: 5 minutes indicates typical time it takes to complete application with applicant information readily available. It does not include time taken to provide underwriting decision or funding of the loan.
Instant rates mean a delivery of personalized rates for those individuals who provide sufficient information to return a rate. For instant rates a soft credit pull will be conducted, which will not affect your credit score. To proceed with an application, a hard credit pull will be required, which may affect your credit score.
Total savings calculated by aggregating individual average savings across total borrower population from 9/2013 to 12/2017. Individual average savings calculation based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were provided. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
3 Important Disclosures for SoFi.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.47% – 6.99%3||Undergrad & Graduate||Visit SoFi|
|2.47% – 5.87%1||Undergrad & Graduate||Visit Earnest|
|2.47% – 8.03%4||Undergrad & Graduate||Visit Lendkey|
|2.95% – 6.37%2||Undergrad & Graduate||Visit Laurel Road|
|2.48% – 6.25%5||Undergrad & Graduate||Visit CommonBond|
|2.72% – 8.32%6||Undergrad & Graduate||Visit Citizens|