This year’s college graduates are entering a real world that’s more unreal than any we’ve seen in our lifetimes. And they’re facing a world with uncertain prospects.
Against that jarring backdrop, the Apartment List website developed a ranking of the top U.S. metro areas for college graduates, and Dallas-Fort Worth sits in the middle of the pack. DFW ranks 21st among the country’s 50 largest metro areas.
The ranking, published May 13, takes into account six data points:
- Average wages among recent college graduates
- March 2020 unemployment rate
- Rental costs for recent college graduates
- Share of adult population with a college degree
- Share of recent college graduates working in remote-friendly occupations
- Share of workforce in high-risk industries
DFW fares well in terms of average wages among recent college graduates ($45,053) and college graduates working in remote-friendly occupations (76 percent), but doesn’t fare as well for the share of adults with a college degree (33 percent) and the share of full-time workers in high-risk industries (12 percent).
Austin appears at No. 6 on the list, with Houston at No. 26 and San Antonio at No. 43. Apartment List says Austin’s economic scores “are well-rounded across the board,” but the metro area stands out for its high share of college-educated adults (43 percent) and high share of college graduates working in remote-friendly occupations (77 percent).
“Each of the nation’s five largest metropolitan areas — New York, Los Angeles, Chicago, Dallas, and Houston — failed to break the Top 10,” Apartment List notes. “The Class of 2020 is better off looking into smaller regions that strike a healthier balance between affordability and economic opportunity.”
San Jose, California, the epicenter of Silicon Valley, tops the ranking, followed by San Francisco; Washington, D.C.; Boston; and Milwaukee.
Ranked last is Las Vegas, preceded by Riverside-San Bernardino, California; New Orleans; Miami; and Orlando, Florida.