Graduation season is upon us, and while this year’s graduates have much to celebrate, they’re also entering adulthood under significant financial pressure.
Where graduates choose to live after graduation could make a big difference, and a new report from Redfin and Glassdoor could help with their decision. The companies ranked 10 major metros using 13 indicators related to housing affordability, career opportunities, and urban quality of life.
Across all states, the ranking suggests Texas is a standout destination for college grads. Three of its largest cities — Dallas, Houston, and Austin — round out the top 10. Redfin and Glassdoor highlighted their strong job markets and relatively affordable rent for recent grads.
“These cities in Texas do great on all metrics: robust job markets, good amenities, and relatively affordable housing,” Asad Khan, a senior economist with Redfin, told Business Insider. “Strong housing supply growth in Texas has been key to allowing these cities to grow and attract young professionals from high-cost states around the country.”
“The strong industry mix also makes these cities more resilient and attractive to a wide range of early career workers,” Khan added.
Read on to find out which other cities made the cut. Here are the 10 best big cities for this year’s graduates, according to Redfin and Glassdoor.
10. Austin
Austin. halbergman/Getty Images
Average early-career earnings: $72,025
Price of typical starter home: $276,600
Years to save for down payment: 4 years, 1 months
Monthly mortgage payment as percent of income: 30.3%
Monthly rent as percent of income: 35%
9. Miami
Miami Beach, Florida. Volodymyr TVERDOKHLIB/Shutterstock
Average early-career earnings: $62,748
Price of typical starter home: $210,000
Years to save for down payment: 3 years, 11 months
Monthly mortgage payment as percent of income: 26.4%
Monthly rent as percent of income: 33%
8. San Diego
San Diego. halbergman/Getty Images
Average early-career earnings: $74,053
Price of typical starter home: $615,000
Years to save for down payment: More than 10 years
Monthly mortgage payment as percent of income: 65.4%
Monthly rent as percent of income: 64%
7. St. Louis
Sean Pavone/Shutterstock
Average early-career earnings: $61,834
Price of typical starter home: $150,000
Years to save for down payment: 2 years, 7 months
Monthly mortgage payment as percent of income: 19.1%
Monthly rent as percent of income: 23%
6. Houston
Houston. Sean Pavone/Getty Images
Average early-career earnings: $65,369
Price of typical starter home: $215,000
Years to save for down payment: 3 years, 7 months
Monthly mortgage payment as percent of income: 25.9%
Monthly rent as percent of income: 18%
5. Chicago
Chicago, Illinois. Moses P/Shutterstock
Average early-career earnings: $72,786
Price of typical starter home: $202,000
Years to save for down payment: 3 years
Monthly mortgage payment as percent of income: 21.9%
Monthly rent as percent of income: 28%
4. Dallas
Dallas, Texas. travelview/Shutterstock
Average early-career earnings: $67,451
Price of typical starter home: $240,000
Years to save for down payment: 4 years, 1 month
Monthly mortgage payment as percent of income: 28%
Monthly rent as percent of income: 26%
3. Boston
Boston, Massachusetts. Sean Pavone/Shutterstock
Average early-career earnings: $80,026
Price of typical starter home: $460,000
Years to save for down payment: 6 years, 8 months
Monthly mortgage payment as percent of income: 45.3%
Monthly rent as percent of income: 53%
2. Omaha
Omaha, Nebraska. Jacob Boomsma/Shutterstock
Average early-career earnings: $59,123
Price of typical starter home: $195,000
Years to save for down payment: 3 years, 8 months
Monthly mortgage payment as percent of income: 26%
Monthly rent as percent of income: 28%
1. Washington, D.C.
Washington, D.C. xbrchx/Shutterstock
Average annual early-career earnings: $79,857
Price of typical starter home: $320,000
Years to save for down payment: 4 years, 2 months
Monthly mortgage payment as percent of income: 31.6%