Move over Silicon Valley because Austin, Texas, is taking center stage for work as it has been named best city to launch a career.
A new study by Bankrate ranks Austin as the No. 1 city to launch a career.
The study took various factors into account when analyzing the top 50 metro areas, such as rent prices in relation to affordability, the employment picture and quality of life.
The Austin-Round Rock-Georgetown, Texas, statistical area was rated No. 12 in affordability, No. 3 in employment opportunity and No. 1 in quality of life.
Austin has seen both an explosion in popularity and business flocking to the area thanks to the low taxes. Elon Musk’s Tesla relocated to Austin and Dell Technologies continues to call the area home.
Other cities to make the top 10 included Seattle, Nashville and Raleigh, North Carolina.
A new study by the company Bankrate ranks Austin as the number one city to launch a career
The study took various factors into account when analyzing the top 50 metro areas, such as rent prices in relation to affordability, the employment picture and quality of life. Pictured: Tesla Giga manufacturing plant
Tesla CEO Elon Musk and other Silicon Valley big wigs relocated to Austin , Texas, in 2020
Bryce Bencivengo with Austin’s Chamber of Commerce said the ranking of a city goes beyond employment opportunities.
‘It’s not just about business opportunity, because if you have that, that’s one part of the recipe. But the other parts of the recipe, including your quality of life that we have here, and it is unparalleled,’ Bencivengo said.
With the University of Texas, endless opportunities for outdoor activity and a vibrant culture – Austin provides a great work-life balance, which is something young people prioritize since the pandemic, the report noted.
Recent graduates are not only moving for career opportunities but also to embrace the lifestyle Austin offers, from restaurants, bars and music festivals to nature trails and parks.
In addition, Austin has transformed into one of the fastest-growing tech hubs in the country.
Thousands of Americans have ditched major metropolitan areas during the pandemic, including New York and San Francisco, for more affordable states such as Texas, according to Bankrate.
The COVID-19 outbreak has fueled what some experts are calling a mass exodus of people from some of the largest tech and financial hubs in the country, with workers now setting their sights set on areas with lower taxes and less government regulation.
The Space Needle in Seattle. The Northwest hub ranked No. 2 on Bankrate’s list
Downtown Salt Lake City skyline ranked No. 3 overall, but just No. 29 in affordability
Raleigh, North Carolina, came in No. 4 on the list. The area is known for being home to several universities including NC State, which won the 2021 ACC Women’s Basketball Tournament
Nashville, and its popular downtown bar scene ranked No. 5 on the list of best cities to launch a career
‘The pandemic caused people to reevaluate what’s important to them versus what has been pushed, career coach Raquel Cid said to Bankrate.
‘Because the narrative before was that you graduate and you go to one of the major cities, and you make it work with a roommate,’ she added.
‘It was normalized not to be able to afford where you live. But the pandemic, and the restrictions that it came with, changed what young people find normal.’
The majority of Gen Z professionals, 87 percent, would consider quitting a job ranging from diversity to work-life balance – that didn’t align with theirs, according to an April LinkedIn report.
Those big perks, plus tech companies like Dell and IBM, have led to an emergence of a young population and the new nickname, ‘Silicon Hills.’
Over the last 10 years, tech jobs rose 62 percent in the Austin metropolitan area, surpassing gains for all industries at nearly 37 percent, according to the Austin Chamber of Commerce.
Austin, Texas, topped the list of the best places to live in America in 2019, according to U.S. News & World Report’s annual analysis.
People pose for photos as snow falls in downtown Indianapolis, which ranked No. 6 on Bankrate’s list
A Dallas Zoo employee cools down an elephant in the Texas heat. Dallas ranked No. 7 on best cities to launch a career
Kansas City finished No. 8 overall on the list, and the city is home to the NFL’s Chiefs and famous BBQ
The top 10 cities to launch a career are: Austin; Seattle; Salt Lake City; Raleigh, North Carolina; Nashville; Indianapolis; Dallas; Kansas City; Atlanta and San Jose, California.
Five southern states – Austin, Raleigh, Nashville, Dallas and Atlanta – found their way into the top 10. While none were from the traditional economic powerhouse of the Northeast.
Seattle ranked No. 2 overall on the list and finished in the top slot for employment opportunity rank.
The Pacific Northwest hub is home to large employers such as Amazon, Microsoft and Starbucks.
Salt Lake City came in third on the list and ranked No. 2 in employment opportunities and No. 9 in Quality of Life. However, the Utah capital ranked just No. 29 for overall affordability.
Atlanta, which served as home for the 1996 Olympics, ranked No. 9 on Bankrate’s best cities to launch a career list
San Jose, California, ranked No. 10 overall and No. 4 in employment opportunity
Raleigh, North Carolina, is part of the area known as the ‘research triangle’ that also includes Durham and Greensboro. The region is home to several universities, such as North Carolina State and Duke University.
That likely helped Raleigh land at No. 4 on Bankrate’s list of top cities to start a career. The city ranked No. 4 for affordability, where Redfin lists the median home price at $415,000.
Rounding out the top five was Nashville, home to country music and a lively bar scene. The popular downtown and mild temperatures found in city probably contributed to the city’s No. 6 quality of life ranking from Bankrate.
Nashville ranked No. 8 for employment opportunities.