Austin, Texas, is SmartAsset's sixth best city for new graduates, falling from the No. 1 spot in 2015. SmartAsset says the city's rising cost of living contributed to the fall in rank; its affordability received a score of just 31.28. But the city scored high for job availability at 82.26 and life outside of work at 92.53.
The median gross rent (rent plus utilities and fuel expenses) in Austin was $1,012 for the four years through 2014, while the average travel time to work is approximately 23 minutes, according to the U.S. Census Bureau.
Still the economy is booming. The unemployment rate for the greater Austin area was 3.1% as of March 2016, lower than the national average, according to the BLS.
Whole Foods Market can credit Austin as its hometown. Other major employers in Austin include Dell, IBM, University of Texas at Austin and the federal government, among others, according to the Austin Chamber of Commerce.