Austin Named One of the Best Places for Young Professionals to Live

Posted by Crystal Olenbush on Thursday, November 11th, 2010 at 10:46am.

For those living in the city of Austin, it has never been a secret that the capital city is a great place for young professionals to live. Thanks to a recent list published by Forbes, however, Austinites now have the confirmation they need to prove that Austin is a great place for young professionals to call home. In fact, there are many cities throughout the Lone State that are considered to be ideal locations for young professionals, with Austin taking the number ten position, while Houston grabbed the number one position and Dallas came in number six.

In order to develop its list, Forbes only considered those cities with more than 1 million. Furthermore, the publication focused only on those cities that were included on Moody's Economy. Come list of cities predicted to experience job growth over the next year. In order to better determine where recent college graduates were the most likely to start a high-powered career, the publication also considered the average wage, unemployment rate, public company presence and affordability of the area. To get a better idea of where young professionals have already been choosing to live, the publication also counted the number of class of 2000 graduates from several prestigious schools who had chosen to live in the city.

Those colleges included in the study were:

*    Duke University
*    Harvard University
*    Northwestern University
*    Princeton University
*    Rice University
*    Stanford University

While Houston grabbed top honors because of its "business-friendly environment and abundance of oil money," largely because it is home to 14 of the largest oil companies in the country, Austin made the list thanks to its low, 6.9% unemployment rate as well as its strong company presence.

The full top ten list includes:

*    Houston, Texas
*    Washington, D.C.
*    Minneapolis-St. Paul, Minnesota
*    New York City, New York
*    Boston, Massachusetts
*    Dallas, Texas
*    Seattle, Washington
*    Denver, Colorado
*    Atlanta, Georgia
*    Austin, Texas

1 Response to "Austin Named One of the Best Places for Young Professionals to Live"

Jon @ Austin Movers wrote: I can't believe Houston outranks us for young professionals. Do they even have a music scene anymore? Or ACL? or SXSW? We have work to do...

Posted on Monday, May 30th, 2011 at 1:18pm.

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