Survey: D.C. #2 In U.S., Best Market For Young Adults | WAMU 88.5 - American University Radio

: News

Filed Under:

Survey: D.C. #2 In U.S., Best Market For Young Adults

Play associated audio

New survey results released today ranks D.C. number two in the nation as the best market in the country for young adults. The ranking is the latest installment of Portfolio.com’s U.S. Uncovered series – a monthly collection of U.S. lifestyle trends. Austin, Texas takes the top spot, and the Southwest region was named best region.

"Entrepreneurs looking to jump-start their business and marketers looking for the disposable income of this crucial demographic now know where to focus," said J. Jennings Moss, editor of Portfolio.com.

"The Southwest is making headway in attracting younger crowds and re-establishing itself as a destination for those in their 20s and 30s looking for opportunities during the recession," said Moss.

Behind Austin and D.C. at the top of the list: Raleigh, Boston, Houston and Oklahoma City. Detroit, with a loss of 343,700 jobs in the past five years, sits at the bottom of the ranking, along with two Midwest industrial and two Sun belt metros: Cleveland, Dayton, Tampa-St. Petersburg and Riverside-San Bernadino.

Businesses looking for where the most affluent young Americans will do well to focus on the coasts, according to the Portfolio.com analysis. Metropolitan areas where more than one-third of households under age 45 have incomes of $100,000 or more are led by San Francisco Bay-area metros, while the Northeast Corridor is also well-represented.

For the "Best Markets for Young Adults" survey, Portfolio.com analyzed 67 U.S. metros with populations above 750,000 that offered the best opportunities for workers in their 20s and early 30s. A 10-part formula looked at strong growth rates, moderate costs of living, and substantial pools of young adults who are college-educated and employed.

WAMU 88.5

Art Beat With Lauren Landau, July 22

This weekend you can see two classic operas about sex, jealousy and drama or sit down for a children’s theater performance that takes a lighter look at love.

WAMU 88.5

Two Chicken Megafarms Proposed In Delaware

Delaware is already a big state for the poultry industry, but proposals for two new megafarms could take things to the next level.

WAMU 88.5

Transportation Secretaries Past And Present Sign Open Letter To Congress

Congress keeps kicking the transportation funding plan down the road, which has prompted a group of 11 former federal transportation secretaries along with Secretary Anthony Foxx, to call for long-term investment in infrastructure.

NPR

North Korea Is Not Pleased: Dance Video Features Kim Jong Un

Citing a threat to the leader's dignity, North Korea reportedly asks China to block a video that inserts Kim Jong Un's image into bizarre situations, all set to a bouncy dance track.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.