Time's up, pencils down: Get ready to hit adulthood, college grads!
To help you freak out a little less about life after college (What will you do? Where will you go?!), Indeed and Trulia pinpointed the metro areas that fulfill your ambitious professional dreams while allaying your dad's concern over whether he'll have to float your rent.
For the report, analysts first identified the jobs new grads are actually doing based on U.S. Census Bureau data: Some of the roles with the highest shares of 22- to 27-year-olds include financial analysts, chemical engineers and public relations specialists.
Then researchers looked at the cross between the cities with high shares of new-grad-friendly job openings and the places with high shares of affordable housing, based on the median personal income for an employed recent grad. (The National Association of Colleges and Employers put the average starting salary at just over $52,000 for the class of 2016.)
It wasn't easy, but the team pinpointed six cities where a new grad can land a job with a decent enough salary to cover housing:
The Best Cities for Jobs and Housing for New Grads
• Hartford, Connecticut
• Baltimore, Maryland
• Pittsburgh, Pennsylvania
• Detroit, Michigan
• Dayton, Ohio
The biggest disconnect, the report highlights, is that cities with the highest shares of job openings that new grads want also land in costly cities like San Francisco, New York and Washington, DC. While incomes for these positions are typically higher there, a bigger paycheck was no match for sky-high costs of living.
Metro Areas with Highest Percentages of Grad-Friendly Jobs
1. San Jose-Sunnyvale-Santa Clara, California — 32%
2. San Francisco-Oakland-Hayward, California — 27%
3. Seattle-Tacoma-Bellevue, Washington — 24%
4. Boston-Cambridge-Newton, Massachusetts/New Hampshire — 23%
5. Bridgeport-Stamford-Norwalk, Connecticut — 23%
6. Washington-Arlington-Alexandria, DC/Virginia/Maryland/West Virginia — 23%
7. New York-Newark-Jersey City, New York/New Jersey/Pennsylvania — 23%
8. San Diego-Carlsbad, California — 22%
9. Los Angeles-Long Beach-Anaheim, California — 20%
10. Baltimore-Columbia-Towson, Maryland — 20%
Contrast those grad-friendly job markets to the places with affordable living largely concentrated in the Midwest.
Metro Areas with Highest Percentages of Grad-Friendly Rent
1. Dayton, Ohio — 43%
2. Youngstown-Warren-Boardman, Ohio/Pennsylvania — 40%
3. Detroit-Warren-Dearborn, Michigan — 40%
4. Akron, Ohio — 39%
5. Toledo, Ohio — 37%
6. Kansas City, Missouri/Kansas — 35%
7. Wichita, Kansas — 35%
8. Birmingham-Hoover, Alabama — 34%
9. St. Louis, Missouri/Illinois — 32%
10. Little Rock-North Little Rock-Conway, Arkansas — 31%
Mix it all together, and you have a textbook case of supply and demand. So if you're hoping to strike a balance between a steady paycheck and non-ramen dinners, you might consider sending your job applications to Seattle, starting your apartment hunt in Baltimore or contemplating Midwestern life in Dayton.