It is the time just after graduation. So many students have now completed their education and obtained their degrees. As such, they are ready to step into their professional lives. But where do they begin their careers?The entire ‘getting employed’ task is not that easy. The Wall Street Journal has analyzed that the unemployment rate for individuals less than 25 years of age is 22%. The situation can be somewhat compensated by the fact that the relocation process is not all that difficult, so there are some upsides as well.
The National Association of REALTORS has reported that there are several multifamily homes in different cities around the country with vacancy rates predicted to be less than 5% for the next few quarters. The association concludes that rents will probably increase by almost 4.6% this year. For 2014, this percentage will either remain the same or even rise, but there are no chances of a decline.
As the recent college grads step out onto the streets in search of a job, a survey conducted by Apartments.com highlights the top 10 places where most of them are hitting this season.
Dick Burke, who is the Senior Vice President of Apartments.com said that their team has been compiling the list of top cities for recent grads for the last six years. However, every year, the methodologies are modified as required to ensure that the effects of current social and economic trends are properly taken into consideration. The list that has been prepared this year is not great in terms of their careers but also in terms of their budget. Along with this, the chosen cities also have a culture that appeals to recent grads, and so is a perfect choice for them.
The top 10 city list is as follows. The average rental prices of a single one bedroom apartment have also been indicated next to the city name.
1. Phoenix – $708
2. Orlando – $857
3. San Antonio – $794
4. Columbus – $634
5. Austin – $1,006
6. Raleigh – $788
7. Oklahoma City – $722
8. Fort Worth – $795
9. Dallas – $983
10. Minneapolis – $1,177
In a nutshell, living costs are lesser in the south and southwestern regions as eight cities lie in these areas. Texas is also inexpensive because four of these top ten cities are located there.
