Study: Iowa No. 3 State For Young People to Thrive

A new study puts Iowa at No. 3 among the states that offer young people the best opportunity to get a strong start on life

The study by MoneyRates.com, an online resource for financial information, considered financial and lifestyle factors, such as cost of housing, insurance and higher education, along with health and fitness resources and nightlife.

"I am delighted, but not surprised to see Iowa at the top of this list," said Nancy Quellhorst, president of the Iowa City Area Chamber of Commerce. "Yes, living costs are low, but I think even more important is access to leaders. 

"This is a place where young people can make big things happen. Creative concepts are supported based solely on their merit and leaders in Coralville, North Liberty, or Iowa City open their doors to listen and assist," she said.

In Iowa City, 25 percent of the population or 16,711 people are age 20-24. The community offers a large university - - and an eclectic downtown with entertainment, restaurants and shopping.

Iowa, in which 10 percent of the population is age 20-24, got credit for having the cheapest average auto insurance premiums among 20 to 24-year-olds, and a high number of gyms and "top-rated bars" per capita.

Yahoo Finance reports that the youth unemployment rate in Iowa is 11.3 percent, the average cost of higher education is $17,057, and the median rental cost is $611.

While this study surely shines favorably on Iowa, and it certainly is a pleasant place to live, it may be a case of, 'eat your vegetables,' for young people. Other states that came out on top included both North and South Dakota, at No. 1 and 2 respectively, Montana at No. 4 and Nebraska to round out the top 5. Not exactly destination hot spots for many young people.