Atlanta Ranks as No. 1 City for Post-Grads
With another school year come and gone, a fresh crop of graduates have entered the job market. A study by Homes.com put Atlanta in the number one spot on its list of “Top 10 Cities for New Grads.” The list was drawn from a number of factors, including mean entry-level income, median price for a one bedroom apartment, unemployment rate and the number of local colleges and universities. Factors such as social opportunities and percentage of inhabitants ages 25 to 34 were considered as well.
Atlantan post-grads are welcomed to the city with a mean entry-level income of $43,000 – a figure 21 percent higher than the national average. New graduates face a median rent price of $800 for a one-bedroom apartment, tied with Raleigh and Houston for the lowest average rent. This low cost is extremely appealing to recent graduates lacking the savings to fund an expensive apartment or new home purchase. Multiple postsecondary universities are located within the city, including Clark Atlanta University, Georgia Institute of Technology and more, which contribute to Atlanta’s large population of residents in their mid- to late-20s.
The city happens to be home to the third largest concentration of Fortune 500 companies in the country, and is the headquarters of global corporations Coca-Cola, Home Depot, Delta Air Lines and UPS. With such well-established companies within the city realm, new graduates in Atlanta have endless career opportunities right at their fingertips. Along with continual opportunities to climb the corporate ladder, young professionals also experience a vibrant social scene to mix and mingle.
When you combine affordability with high paying jobs, quality career opportunities and a lively social scene, it is no wonder Atlanta holds the place as the number one city for post-graduates! To read more about Atlanta and the other cities who made the cut, click here. For Atlanta real estate news and opportunities, visit Atlanta Real Estate Forum.