Raleigh is 7th Best City for Recent College Graduates
Raleigh, which seems to earn a new accolade every few days, is the seventh-best city for recent college graduates.
Using factors such as the job market, average income, affordability and percentage of young people, NerdWallet rated major cities in the U.S. and published a list of the 10 sites most appealing to new college grads.
Raleigh’s population is highly educated, with 31.9% of residents 25 and over holding a Bachelor’s degree—the third highest proportion of the nation’s 50 largest cities. Raleigh’s major industries include manufacturing, aerospace, biotechnology and green energy. Two of the top employers in the area are SAS Institute, Inc., which is headquartered in the region, and North Carolina State University.
This article from NerdWallet.com ranks Raleigh as 7th among this outstanding list of cities for college graduates. It shows the strength of the job market in the Raleigh, Durham, Chapel Hill and Triangle area of North Carolina. The improved job market has also improved the housing market and has created an increased demand. Sellers and builders had been holding off listing and building homes for many months, with the results being a shortage of inventory of homes for sale. The housing market is heating up, which makes this an ideal time to get into the market for a home before prices increase due to excess demand.
The top 10 cities and median incomes for recent graduates is as follows:
- Washington, D.C. – $60,104
- Seattle, Wash. – $50,578
- Minneapolis, Minn. – $46,525
- San Francisco, Calif. – $61,426
- Austin, Texas – $45,023
- Atlanta, Ga. – $50,862
- Raleigh, N.C. – $45,495
- Boston, Mass. – $52,119
- Denver, Colo. – $48,133
- Columbus, Ohio – $44,392
by Sreekar Jasthi of NerdWallet.com