This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Best Cities for Starting a Career

BOSTON (TheStreet) -- Thousands of young Americans are hitting the bricks and looking for work after finishing college this spring, and here's a look at five cities they should focus their job searches on.

"It's important for young people to realize that there's a big, big difference between some of the best and worst cities in terms of what you can earn, the cost of living and even [dating] opportunities," says Odysseas Papadimitriou of WalletHub, which recently named 2014's Best Cities to Start a Career.

WalletHub, which tracks banking rates and provides consumer reviews of personal-finance firms, chose winners by grading America's 150 most-populous cities on a weighted scale of 18 economic and quality-of-life measures important to recent graduates. Factors ranged from local jobless rates to how many young adults and unmarried people (i.e., potential dates) call a given city home.

Papadimitriou says the winning communities all hit a "sweet spot of size. They're big enough to have lots of job opportunities and lots of things to do, but not so big that their costs of living are ridiculous."

Read on to check out the communities at the top of WalletHub's list, plus some information on each locale's housing market from, the National Association of Realtors' official property-listing site.

Regarding the study's methodology:

  • Rates of residents who've never been married refer to people age 15 or older, while local jobless rates denote unemployment levels as of March.
  • Entrepreneurial-opportunity rankings reflect to how well locales scored on a separate WalletHub study of best places to start a business, while "economic mobility" refers to the odds that low-income residents will eventually enjoy high incomes.
  • Entry-level job numbers denote the per-capita number of positions advertised on that contained the words "entry level," while median-income growth refers to how much the typical resident's paycheck rose from 2008 to 2012.
  • Housing affordability is based on median house prices relative to median local income, while rental affordability refers to average two-bedroom apartment rents.

Fifth-best city to start a career: Minneapolis
The Mini Apple is a big winner for grads when it comes to finding a job and getting a date after work.

Minnesota's most-populous community boasts the 14th-lowest unemployment rate among cities analyzed, as well as the 18th-highest median starting income for jobs.

As for dating, Minneapolis places sixth for 25- to 34-year-olds as a share of total population, 10th for residents who've never been married and 12th for those who hold a bachelor's degree or higher.

And you should have no trouble finding places to take your date, as the city ranks 11th for the number of arts-and-leisure facilities relative to population.

On the downside, Minneapolis ranks 126th in terms of having employment that's spread out among different economic sectors. The city also places 118th for entrepreneurial opportunities and 103rd for affordable home prices. says the median Minnesota-area residence lists for $235,563, with some 22,500 properties for sale.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.01 -1.20%
FB $118.06 0.54%
GOOG $695.70 0.48%
TSLA $224.75 -3.30%
YHOO $37.40 3.90%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs