The U.S. Census Bureau defines young professionals as workers between 18 and 34 years old.[1] During this stage of life, you may be wrapping up school and heading into the world of full-time employment. And where you live could impact your quality of life, both financially and socially.
The Zebra set out to find the best cities for young professionals to rent in by analyzing the 50 most populous MSAs in the U.S. using five data points:
- Average rent price for a one-bedroom apartment: The average American doesn't purchase a first home until 36 years old, so affordable rent is important for young professionals.[2]
- Number of arts, entertainment and recreation establishments: It's important to have a fulfilling social life with places to hang out and meet new people.
- Percent of population between 20 and 34 years old: This data point shows how easy it may be to meet people in your age group.
- Median income of non-family households: Higher earning power helps you save for your future while enjoying your life today.
- Unemployment rate: Job stability is important as you begin your career and move up the ranks at work. For comparison, the national average is 4.3%.
Here are the best cities for young professionals to rent in across the United States. Because of some ties, there are actually 11.
Methodology
The Zebra pulled five data points to analyze the top 50 MSAs (by population) in the U.S. related to lifestyle and financial factors that impact young professionals.
- Average rent price for a one-bedroom apartment[3]
- Number of arts, entertainment and recreation establishments[4]
- Percent of population between 20 and 34 years old[5]
- Median income of non-family households[6]
- Unemployment rate[7]
MSA data was used where applicable, and we sometimes substituted county data as necessary.