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10 Best Cities for New College GradsMay 30 2014 - 3:33 pm
3. Salt Lake City
Metro population: 1.1 million
Share of population in their twenties: 16.1%
Median salary for recent college grads: $43,600 a year
Cost of living for renters: 3.8% below national average
Entry-level job postings: 1,046 per 10,000 twentysomethings
Low living costs and high pay make this an excellent starting-out city. The average apartment rent, at just $846 a month ($50 less than the national average), will put a relatively small dent in an above-average beginning salary. No wonder the local crowd is so young; the median age in the metro area is 30.9, compared with 37.2 for the U.S.
Low unemployment adds to the area’s appeal. At 3.1%, the overall rate is the lowest on this list and far below the nation’s 5.9%, as of April 2014. Local twentysomethings are equally fortunate, with just 8.8% out of work, compared with 12.7% of Americans in their twenties. And 27% of all the job openings posted online over the past year were in search of entry-level workers (compared with 23% for all U.S. job postings), tied for the highest share on this list. Top employers include the University of Utah, along with its hospital, and Delta Air Lines.