For recent graduates looking for a place to start their careers, the Triangle has a potent combination of good salaries and reasonable rents, according to a new survey.
Indeed.com and Trulia.com teamed up to take a look at markets that combined strong job opportunities and reasonable costs for housing. That’s a critical combinations for graduates, who don’t want to see their first pay checks disappear when the rent is due.
Some markets, such as San Jose and Washington, D.C., promise high salaries but also have extremely high rents.
That’s not the case in the Raleigh, Durham and Chapel Hill area, where rental listings on Trulia.com and job postings on Indeed.com looked promising for those starting their careers.
The survey looked at rental costs and also availability of jobs likely to attract recent graduates.
Money crunched the numbers of the top markets and then ranked them by salaries for new graduates. Yahoo’s survey ranked the Triangle No. 15 overall, with graduates making an average of $2,581 a month. That’s not a bad start in a market where Trulia said 9.8 percent of listings in Raleigh and 7.3 percent of listings in Durham-Chapel Hill were affordable.
Money ranked Houston No. 1 ($3,188), followed by Dallas at No. 2 ($2,925)
by: Dane Huffman, Triangle Business Journal