Personal Finance

The Best Cities for Young Professionals

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New York

The New York metro area is without a doubt a great place for young professionals. The cost of living may be much higher than small towns (note that what we list below is average and what you actually spend could easily be half that), but there are many more employment opportunities and chances to work at companies on Fortune magazine’s list of top U.S. corporations called the Fortune 500.

The New York metro area, which includes northern New Jersey and Long Island, is home to 59 of the 500 companies on the Fortune 500.

Unemployment rate: 9.0%
Average income: $54,914
Number of Fortune 500 companies: 59
Metro area median rent: $2,500
Gas: $169
Dining out: $319

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