SKILLS DEVELOPMENT / 08 October 2018How to Determine If You Should Start a Side Hustle
College is a period of learning, networking, and fun for many young adults. As the final semester comes to a close, many new graduates find themselves struggling to maintain a healthy work-life balance. For those students that spend extra time in school for an MBA or professional certification, the transition can be even more daunting.
Among the 500-plus area in the United States for young professionals, we’ve taken data from the Bureau of Labor Statistics, Zillow, and Redfin to determine the top ten cities for young professionals that are looking for the ideal work-life balance. Stats such as average rent, unemployment, and walkability determine their rankings compared to other cities.
Midwestern cities take up five out of the top ten spots. With emerging nightlife, low unemployment rates, low rent, and moderate income, these cities are at the top for a reason. While the income potential doesn’t match those of larger cities such as Los Angeles or New York, the cost of living is exponentially lower which gives young professionals in the area more discretionary income for entertainment, a bigger home, and a little leftover to max out retirement accounts.
Cities in the Northwest also snagged three cities on the list. These cities in Northern California and Washington provide young professionals with limitless outdoor activities and short walking distances to most places. This keeps transportation costs to a minimum which helps offset the slightly higher rent costs than the Midwest.
In the infographic below from Investment Zen, we break down the key offerings of each city on the list and you can decide which is the best fit for you. Whether you’re out having fun or paying off your student loans with the extra money, you can’t go wrong with any of these cities.