Millennials are the largest cohort size in history. 47% of millennials in the US between the ages of 25 to 34 year-olds received a postsecondary degree and 18% of them even go off to get a Masters degree. So with massive sizing and massive smarts, where exactly should these young powerhouses be living? We have compiled a list of places that we feel are excellent for young professionals!
Orange County, CA
If the LA celebs-and-traffic-scene isn’t really the place for you (but you still want the beach and the amazing weather), then the OC has it all! With the highest grossing shopping mall on the West Coast, countless concert venues, beaches, (and not to mention, hello, Disneyland!), the OC is a great place for young techies to start their dream jobs. It has become a major player in the internet game, as well, which is why we found it to be a great place for our very own headquarters!
New York City
Can you think of a better place than the Big Apple for a young person to start a life? Aside from being the self-proclaimed Capital of the World, NYC also has more nightlife than anywhere else in the nation for young folks starting after 10 pm! The median salary for people with college degrees in NYC isn’t too bad- $54,987. and the crime rate is surprisingly low for a major city. Its only downfall is the outrageous cost of living! $3,190 is the average rent for a 1-bedroom. Whoa!
The city also has a high cost of living (only about a hundred dollars less to rent there than NYC!) But what it lacks in low rent, it makes up for with great nightlife, and low unemployment rates. Also, it’s a great city for those of you who are conscious of preserving our environment. San Francisco passed an initiative to make paychecks 100% paperless!
If you don’t mind a little (okay, a lot) of rain, then Seattle is a great place for you! Washington’s mountains are great for avid hikers and explorers, and it is the home of Starbucks! It also has more restaurants per person than NYC (and half the rent price- the average one bedroom is $1,412) which is great for a young professional looking for a post-work happy hour.
If you are looking for a place where you can go to change the world, Washington D.C. is definitely your best bet! D.C. has a high median salary of $62,458, plus all the culture and life that only the greatest nation’s capital can bring! Take a trip to the national mall or visit the Smithsonian on the weekend. If that seems a little somber, head over to the International Spy Museum. Apartments are also significantly cheaper than New York City or San Francisco. Of course, it isn’t all perfect. The unemployment rate is still a modestly high 7.5%.
If you are having trouble meeting other young professionals, move to Denver where 47% of the population are young professionals! It is also listed as the 16th highest relationship formation city in the U.S, meaning that if you want to find love, you will probably find it! Or if not, head to Vail, and spend the weekend skiing! Plus, it has the lowest rent price for a one-bedroom apartment averaging at $1,526 per month.
What do millennials love more than food or coffee? Nothing, which is why Portland, Oregon ranks so highly on our list of places for young professionals. It’s known for its world famous food carts (nearly 600 of them) placed in pods all around the city and it is home to two of the greatest doughnut shops in the nation- Blue Star and Voodoo. It also made third on CNBC’s list of most caffeinated-cities with 867 coffee shops!
There are several reasons why Raleigh made the top of our list, but one of the biggest reasons is that it has one of the best job growth projections of any city in the country, with an impressive median salary of $62,313! It also has one of the lowest crime rates in the nation, making it safe and affordable for someone to start a life!
Why move to Phoenix? 17% of their population is young and 37% of their population is single. If that isn’t enough for you the average rent for a one-bedroom is $915. Plus, you cannot beat a Phoenix skyline.
Austin is the indy cousin in the sea of conservative cities in Texas. It is a great place for a young professional, especially if you are starting out. The statistics are unbelievable- Austin was voted 6th best place in the U.S. for nightlife and boasts an unemployment rate of less than 3%. A one bedroom apartment would cost you on average $910 per month and the median salary is over $45,000 for people with college educations. Austin considers itself the “live music capital of the world” and has almost as many coffee shops as its weird cousin, Portland.
|Author: Erin Cone||Department: Operations||Date: March 29, 2016|