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Which City Was Ranked As The Best For Broke Millennials?

Minneapolis

Yay! Another “study” about where millennials should be living!

Hope you like long winters. Minneapolis, Minnesota tops the charts of a recent study by Estately that ranked the top 11 cities in America for people who are in their mid-20s to early-30s to move to.

The study took into account average starting salary, rental rates, public transit, jobs and affordability. The average starting salary for Millennials in Minneapolis is $43,000 a year, among the highest in the nation. Hot.

The study claims the biggest drawback of living in Minneapolis is the rental market. Minny’s occupancy rate is sky high. So, finding somewhere to live and spend that $43k might be tough. What offset the tight real estate market in Minneapolis was the affordability of food and clothes, parks, lakes, music and arts and a “vibrant scene for food and drink.”

No mention of seven-month winters. Let’s check out the rest of the list:

  1. Minneapolis, MN
  2. Houston, TX. Statistically better than Austin.
  3. Phoenix, AZ. Active nightlife. Tons of tech jobs.
  4. Detroit, MI. High paying STEM job growth and you can buy a house for the price of a used toaster.
  5. Cleveland, OH. “Everyone’s a model in Cleveland!”
  6. Denver, CO. Jobs, lots of young folks and you can walk everywhere.
  7. Washington, DC. You don’t need a car and food is cheap.
  8. Raleigh, NC. The most “single” city in America and has had consistent job growth in the last few years.
  9. Portland, ME. Highest number of small businesses per capita and have you ever been to Maine in the spring and summer?
  10. Albuquerque, NM. Low cost of living, named top city for millennials by The Atlantic.
  11. St. Louis, MO. Cheap as hell, “decent-paying jobs,” short commutes and a high concentration of bars.

[via Estately, Minneapolis-St. Paul Business Journal]

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Brian McGannon

What do I love? I love happy hour, a good golf tan, and getting moderately drunk during dinner.

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