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DC and Baltimore: Best Cities For New College Grads

by • March 14, 2012 • The CityComments (0)28

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I graduated college smack dab in the middle of the worst economic recession so I was worried as hell coming out of college. Luckily, the nation’s economic woes didn’t slap Washington, DC as hard as other parts of the country due to its deep ties to the government sector. Times aren’t seemingly as hard as they were a couple years ago but it still isn’t Christmas if you’re waiting on the Job Santa to deliver a job offer sheet to your inbox or if you’re fortunate enough to be employed your average wage is 11% less on average than it was a decade ago, according to Economic Policy Institute, and still have to deal with high student debt.

 A new ranking from Rent.com, a rental housing listing site, looks at the top 25 markets with the most rental listings, and then compares figures for unemployment, cost of living and annual mean wages. (Forbes)

From that, Forbes listed the ten best cities where young grads could find most affordable good quality of life. Boston topped the list but Washington and Baltimore also made the cut.

Check it out below. 

Boston
Unemployment rate: 5.8%
Mean wages (hourly, as of May 2010): $27.19

Minneapolis/St. Paul, Minn.
Unemployment rate: 5.5%
Mean wages (hourly, as of May 2010): $23.63

Seattle, Wash.
Unemployment rate: 7.8%
Mean wages (hourly, as of May 2010): $26.25

Houston, Tex.
Unemployment rate: 7.3%
Mean wages (hourly, as of May 2010): $22.26

Baltimore, Md.
Unemployment rate: 6.8%
Mean wages (hourly, as of May 2010): $24.00

Dallas, Tex.
Unemployment rate: 7.1%
Mean wages (hourly, as of May 2010): $22.53

Kansas City, Mo.
Unemployment rate: 6.8%
Mean wages (hourly, as of May 2010): $24.00

Raleigh/Durham, N.C.
Unemployment rate: 8.0%
Mean wages (hourly, as of May 2010): $21.54

Washington, D.C., including Arlington and Alexandria, Va.
Unemployment rate: 5.5%
Mean wages (hourly, as of May 2010): $29.95

Austin, Tex.
Unemployment rate: 6.3%
Mean wages (hourly, as of May 2010): $22.18

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