Young, broke and single in Austin? You may be in the right place.
We’ve seen all sorts of finance-based top 10 cities lists that either state the obvious or seem oblivious. No doubt you’ve seen them, too, and perhaps rolled your eyes: the 10 best places to get a job, own a home, start a family, hit the lottery.
Factoring in nightlife, cost of living, unemployment and the percentage of single people, the website Money Under 30 recently ranked Austin as the best city to spend your young, broke years.
Ryan Robinson, a demographer with the city of Austin, said people between the ages of 25 and 34 make up 17 percent of the metropolitan population. That includes Travis, Williamson, Bastrop and Caldwell counties.
While he wasn’t surprised that Austin topped the list, he did say that Austin still faces serious issues, including affordability.
"It’s harder to be broke in Austin today than it was when I was a kid,” Robinson said. “No two ways about that."
Working to our favor, Robinson says, we're less expensive than San Francisco and New York City. Austin also has a lower unemployment rate, ranking at just five percent.
Outside of jobs and money, the city is also well-known for its festivals.
"All the music stuff's really fun, then there's that kite festival which is really cool, so Austin just has so many cool things going on that I think young people are really attracted to," Austinite Ashton Looney said.
Austin wasn't the only Texas city on the list, Dallas and Houston made it into the top 20.