In today’s economy when gas is averaging upwards of $4 per gallon, Americans find themselves wasting 1.9 billion gallons annually sitting in commuter traffic, according to the Treasury Department.
Luckily the cities of San Jose, Los Angeles and New York did not make the list of best cities for college graduates, according to Rent.com.
The top 10 rankings take into account housing, work and unemployment rates for cities around the nation, including Seattle, Houston and Minneapolis/St. Paul, Minn.
Elisa Vasquez is a senior management major at Luther College who plans to move from St. Paul/Minneapolis to Washington, D.C. — both of which weighed in with the lowest unemployment rates at 5.5%.
“I think that it’s important to look at your job industry/field and where the best place is to break in but at the same time think of where you might like to live,” Vasquez said. “Using those to balance out where you decide to move is important. You could move to a city because it has great job opportunities, but if they’re completely unrelated to your industry, you’re wasting time and money.”
USA TODAY reported that the number of adult Americans who have earned college degrees has been increasing, but not as rapidly as the workforce demands.
The Lumina Foundation report released Monday, based on 2010 Census data, found a positive overall trend: 38.3% of Americans ages 25 to 64 had at least an associate’s degree in 2010, up from 38.1% in 2009. At the current rate, employers in 2025 will need about 23 million more degree-holders than the nation’s colleges and universities will have produced, which is a good sign for future grads.
In the meantime, Deanna Downhour, an accounting major at Luther College, said she hopes to soon get a job as a CPA firm in the Minneapolis area.
“I had not looked into the rankings before today, but I’m now reassured that moving back to the cities is a good idea,” she said. “[It] is such a beautiful area, with a lot of parks and rivers to walk/run/hang out by. … Even in all seasons of the year there are many things to do, despite even the coldest weather.”
Other college seniors are hopeful about their chances in the markets of other cities on the list such as Boston, which has an unemployment rate of 5.8%.
“Boston is in some ways very much a college town. There are lots of young people and quite a lot of things to do in the Greater Boston area,” said Matthew Curtis, a senior quantitative economics and mathematics major at Tufts University. “Boston is definitely a city, but it’s a small one and it’s very manageable in size.”
Boston has a mean hourly wage (as of 2010) of $27.19 — the second highest after Washington, D.C. ($29.95) where senior broadcast journalism major Emily Roseman hopes to live after graduating from American University.
“I am planning on living in either D.C. or [New York City] because I have worked in both places and found these are most opportune places for my line of work… they are the top places for my career and I need to go where the jobs exist,” Roseman said.
Other cities on the list with lower unemployment rates for recent college grads were Austin (6.3%), Baltimore, Md. (6.8%) and Kansas City (6.8%). All ten schools listed had mean hourly wages ranging from $22 – $30.
Powered by Facebook Comments