Hometown Glory

Good jobs and cheap rent make Houston No. 8 in the country for new college grads; Austin shut out

Good jobs and cheap rent make Houston No. 8 in the country for new college grads; Austin shut out

What do college grads want? The best cities for young professionals lists used to include factors like number of hipster bars, average attractiveness of residents and quality of outdoor bike trails.

But with over half of twentysomethings either unemployed or underemployed, the formula has gotten much simpler. Now it's all about good jobs and decent rent, which is why Houston is ranked eighth out of the top 100 metropolitan areas in Apartments.com and rates in Career Builder's ranking as one the "best cities for new grads."

The rankings take into account the inventory of entry-level jobs on Career Builder, the average entry-level salary in those jobs and the average rent for a one-bedroom apartment.

In addition to jobs in energy, engineering and health care, Houston had the lowest average rent out of all the top 10 cities, coming in just a couple of Washingtons below Dallas at $910. Despite significantly higher rents, the survey named Washington, D.C., New York and Boston the top three cities.

Sorry, Austin — Dallas was the only other Texas city in the top 10, coming in at No. 5.

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