Cleveland and Cincinnati top list as most affordable cities for millennials

 

Bloomberg recently released a report on the top ten most and least affordable cities in the country for millennials. Cleveland and Cincinnati made the cut for two of the top ten most affordable spots, clocking in at #5 and #8, respectively. Cities across the Midwest also made the list, including Detroit, Indianapolis, and St. Louis.

On the other hand, almost all of the least affordable cities were located on the west coast, with six of the top ten located in California. An article from Realtor Mag noted that the cities most attractive to young people are often the cities that are the furthest out of their price range.

You can see the full list below.

Most Affordable

1. Detroit, Mich.
2. Pittsburgh, Penn.
3. Buffalo, NY
4. Indianapolis, Ind.
5. Cleveland, Ohio
6. Kansas City, MO
7. Memphis, Tenn.
8. Cincinnati, Ohio
9. Birmingham, Ala.
10. St. Louis, MO
    

Least Affordable

1. San Jose, Calif.
2. San Francisco, Calif.
3. Los Angeles, Calif.
4. San Diego, Calif.
5. Sacramento, Calif.
6. New York, NY
7. Seattle, Wash.
8. Riverside, Calif.
9. Washington, D.C.
10. Boston, Mass.
    

Columbus, OH Ranked 5th Best City for 2014 College Graduates!

Apartments.com annually generates  a list of the top 10 cities for recent college graduates to live in based on a series of criteria including employment opportunities, salaries, affordability (including rental rates), and demographics (including age and martial status, favoring young, single populations).

The results:

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1. Denver, Colorado. 
2. Charlotte, North Carolina
3. Phoenix, Arizona
4. Austin, Texas
5. Columbus, Ohio
6. Cincinnati, Ohio
7. Fort Worth, Texas
8. Indianapolis, Indiana
9. Las Vegas, Nevada
10. Dallas, Texas

Columbus, Ohio is noted for its singles' scene as indicated by the high percentage of male-only and female-only households. It is also praised for its affordable rents and diverse economy, which includes education, government, insurance, fashion, energy, and medial research. Similarly, Cincinnati stands out in terms of affordability and job opportunities. It has the lowest average monthly rent (at $707) and is home to many major companies such as Procter & Gamble and Macy's.

Curious about the other cities on the list? Read the full article here.