Where young college graduates are moving

In the past, many young college graduates headed to big cities like New York, Boston and San Francisco in search of opportunities for work and fun.

Now, however, as more graduates have student debt to pay, many are flocking to up-and-coming cities like Pittsburgh and our hometown of Buffalo, which offer a great combination of good nightlife and a low cost of living, the New York Times reports.

College graduates are spurning traditional post-graduate destinations like New York and San Francisco for cheaper cities like Nashville, Pittsburgh and Buffalo.

The biggest trend to note is that today’s college graduates are opting for large cities over the suburbs. According to the article, about 25 percent more young college graduates live in major metropolitan areas today than in 2000, which is double the percentage increase in cities’ total population.

If you’re a recent college graduate with student loans, it’s important to consider the cost of the living in the city you choose to live in after college. While your salary may be slightly higher in a big city, your spending power might be lower than in a small one, which could reduce your ability to repay your debt. Compare rental costs in major cities, and be sure to check out our post on the best cities for young college graduates.

If you need help managing your student loans and expenses after college, give us a call at 1-888-234-3907 or contact us here.