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July 2014

Seattle 2nd best city for recent graduates

June 6, 2014

Recent college graduates have the best prospects in the nation's capital and in Seattle, according to an analysis by NerdWallet, a financial literacy site.

According to NerdWallet's recent survey of employers, more companies plan to hire new college graduates this year, than in the pat few years. Its analysis of the 50 largest cities in the country concluded Seattle is the nation's second-best city, trailing only Washington, D.C.

In compiling its list the researchers considered three primary factors:

  1. Presence of educated peers
  2. Income and affordability
  3. Strength of workforce

Seattle outscored other cities on education criteria - 34.5 percent of the city's population 25 and older hold a bachelor's degree, more than any of the other 50 cities in the study. NerdWallet noted although Seattle's median earning for people with bachelor's degree ($50,578) trailed other cities such as San Francisco ($61,426) and Boston ($52,199) it has a lower cost of living index that those two cities.

Washington, D.C. was found to have the greatest percent of residents working in management, business, science or arts. Although the cost of living is higher than most other places, college grads can expect high median earnings. "The high number of government opportunities also ensures that the job market in Washington, D.C. is relatively more immune to economic recessions than in other parts of the country," the researchers noted.

Minneapolis ranked third on the list. NerdWallet found the Twin Cities is home to 19 Fortune 500 companies, the highest per capita mark of all metro areas in the U.S.

Rounding out the "top 10" list of best cities for recent grads were San Francisco, Austin, Atlanta, Raleigh, Boston, Denver, and Columbus.

NerdWallet's founders describe their company as a resource for user-friendly, data-driven tools and impartial information "to help you make solid decisions about the money you work hard to earn. . . We do the homework so you don't have to." Its tools cover finance, investing, education, shopping and health.