Did you know that portfolio.com ranked the Raleigh area as #3 on its list of Best Markets for Young Adults? They based this rank on growth rate, cost of living, percentage of college educated, etc. They asked the question: where is it good to be a young adult? And the answer came back to them: lots of places, starting with Austin, but number 3 is Raleigh, NC.
The Southwest is the new frontier for young Americans, the area of the country where 20 and 30 year olds have the best chance of establishing themselves in a recessionary economy.
Five Southwestern metropolitan areas, led by Austin, rank among the nation’s 10 best places for young adults. And, Washington, Raleigh, and Boston are the three runners-up in the study’s rankings of the best places for young adults.
Portfolio.com/bizjournals analyzed the 67 U.S. metropolitan areas with populations above 750,000, searching for qualities that would appeal to workers in their 20s and early 30s. The study’s 10-part formula gave the highest marks to places with strong growth rates, moderate costs of living, and substantial pools of young adults who are college-educated and employed.
Raleigh was ranked on top for many reasons. This is the fastest-growing major metro in the nation. The population of the Raleigh area is increasing by 3.9 percent per year. That’s more than triple the pace for the typical market which is 1.2 percent. Another North Carolina metro, Charlotte, placed at 28 in the rankings.
For more info see portfolio.com