A new study finds the 10 best cities for new graduates to live, work, and play. Most of the places Realtor.com advises grads to go are in the Midwest and Rust Belt.
Ali Wolf, director of economic research for data firm Meyers Research, tells the real estate platform, "As graduates consider where they should move for that first job, they need to consider if that place has a good level of real affordability," and many smaller cities have better conditions than do hyper-expensive markets on the West Coast.
A near-record number of college graduates are set to walk across that long stage to pick up their degrees and kick off their lives in earnest. But this first wave of Gen Z grads—most born after 1996—face some unprecedented challenges on their hops, skips, and jumps to adulthood. It's a classic good news, bad news story. The good: a supercharged economy with low unemployment. The bad: boundary-breaking levels of student debt, monthly rents, and real estate prices. Yikes!
Advertisement
Related Stories
Economics
Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
Economics
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Economics
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
