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Yep. In general, you'd want to optimize average wages and COL. The Bureau of Labor Statistics publishes data on wages across all industries for every metro area each year. It's very informative for comparing industry market rates across metro areas.
I just spent a week in downtown Phoenix at a conference. I left shocked; little for any young person to do, homeless everywhere on the hot sidewalks, and a cement ghost town. Ranking it above Chicago and Houston makes no sense. Tempe and Scottsdale don't make up for it.
Downtowns are usually not young professional hotspots. You probably just need to do some research.
Any city with lots of jobs for young professionals should work, but you can also prioritize base on your temperament. If you want to settle down in ten years then go to a high paying and low COL area, if you want to prioritize career then ask your professor or mentor. If you want to go out every week, meet new people and get the most out of your twenties then places like NYC or LA are worth it.
Downtowns are usually not young professional hotspots. You probably just need to do some research.
Any city with lots of jobs for young professionals should work, but you can also prioritize base on your temperament. If you want to settle down in ten years then go to a high paying and low COL area, if you want to prioritize career then ask your professor or mentor. If you want to go out every week, meet new people and get the most out of your twenties then places like NYC or LA are worth it.
Right--good call out.
If you are a young professional, say in your career for less than 2 or 3 years, you are probably not living in a downtown--usually because they are too pricey.
Using Phoenix as the example, you would look exactly at areas like Tempe and Scottsdale--where the nightlife and action area.
Some downtowns have that nightlife and action centered downtown--but a very small percentage these days.
I'd say most young professionals look to the cooler, hip, active neighborhoods--that they can afford.
My observations: East Coast is still coming up very strong, especially with Philadelphia now out-performing as a top destination (which comes as no surprise considering COL/opportunity ratio). Remote work may be hitting the DC area particularly hard as employees don't necessarily have to be close to the office.
Texas continues to be a juggernaut.
I was also surprised to see some West Coast weakness, in addition to Chicago. San Francisco really needs to get a handle on its affordability for long-term growth.
Also note that despite Nashville's recent ascent, that doesn't seem to be translating into a super strong pull of young professionals.
The best cities in the U.S. for young professionals are legacy cities with historically robust economies and relatively low population growth (e.g., Buffalo, Cleveland, Cincinnati, Detroit, Indianapolis, Louisville, Rochester, St. Louis, etc.). There are many job vacancies in these cities due to retiring Baby Boomers and departing Millennials/Gen-Z-ers.
Depends on your job and whether you're married or not, and if you're single, whether you're a guy or a girl. Also depends on if you're a nature person or not.
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