Austin named the No. 8 best U.S. city for college grads in new report
Here’s a few nerve-wracking questions that Austin’s college seniors have likely heard multiple times throughout the semester: What are your post-grad plans? Will you pursue a graduate degree here, or will you move elsewhere to continue your studies? Do you plan on working in the city or going back to your hometown?
Graduation is a freeing experience, but working on those future plans can be intimidating. Luckily for Austin’s graduating class of 2023, staying in your college city isn’t as bad as you think it is. And according to a new report from ApartmentAdvisor, Austin is the No. 8 best city in the nation for college grads just starting out in the workforce.
Austin’s affinity for tech startups and entrepreneurship was the main reasoning behind its ranking. The report spoke highly of the University of Texas at Austin’s Technology Incubator, which was founded in 1989 and currently stands as the longest active tech incubator in the country.
The city’s high growth rate for entry-level jobs is a major draw for recent graduates, especially since LinkedIn declared Austin the No. 1 city for grads to land entry-level jobs in 2022. Other key factors include a low unemployment rate and what the report calls a “healthy” median income-to-rent ratio, even though Austin’s apartment rent has increased nearly 10 percent since last year. The city’s bustling nightlife is always a fun after-work perk, but it won’t come cheap.
ApartmentAdvisor analyzed 84 of the largest American cities across several economic criteria such as average salaries, rent prices, access to nightlife, and others to determine their rankings.
The top 10 best cities for college grads are:
- No. 1 – Madison, Wisconsin
- No. 2 – Minneapolis, Minnesota
- No. 3 – Seattle
- No. 4 – Atlanta
- No. 5 – Salt Lake City
- No. 6 – Pittsburgh
- No. 7 – Denver
- No. 8 – Austin
- No. 9 – Washington, D.C.
- No. 10 – St. Louis, Missouri
Austin was the only Texas city to make the top 10, giving it the title of best city in the state for college grads. Eight other Texas cities made the list, including Lubbock (No. 22), Dallas (No. 25), Houston (No. 39), Amarillo (No. 54), San Antonio (No. 60), El Paso (No. 65), Corpus Christi (No. 67), and Brownsville (No. 78).
The report can be found on apartmentadvisor.com.