These Are The Best And Worst U.S. Cities For New College Grads

CBS Boston

July 9, 2024

While it's hard for young people to resist the appeal of large cities and their hefty paychecks, smaller cities can sometimes offer more job prospects and overall affordability, making them better picks for new graduates.

For those reasons, the top city for new degree holders isn't New York or San Francisco, or any other similarly popular metro area whose main drawback is its high cost of living, according to a new study from the ADP Research Institute (ADPRI). Taking into account a number of factors, including average wages, overall affordability and hiring rates, Raleigh, North Carolina, takes the No. 1 spot on the management services company's list of best places for young graduates to start their careers. For its ranking, researchers looked at ADP data on more than 4 million 20- to 29-year olds at more than 27,000 U.S. employers, from January 2019 through April 2024.

"The basic idea is these are the questions new grads ask when planning their job search. They ask, 'Where am I likely to find a job? What kind of salary will I earn?' and 'How far will it go?'" said Ben Hanowell, ADPRI's director of people analytics research. "We put the three things together to find out where they can find the best combination of wages, affordability and robust hiring."

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