Kendall Natter, Catherine Dobow, Lauren Allen, and Jessica Harris at the LivingSocial Best of Washington Party 2011. Photograph by Yassine El Mansouri
Kiplinger, a Washington-based business forecast news service, recently published a list of top-ten cities for young people, and our city is on it. The site didn’t identify cities that are cheap, but rather focused on cities that provide great value—“low cost of living and reasonable rents compared to paycheck size.”
But the Washington area definitely isn’t cheap—in fact, in 2008,Forbesranked Washington on its top-ten list of most expensive rental cities. So how did lovely Washington make it onto Kiplinger’s list? It seems that in a struggling economy, government and government-contractor jobs tend to offer higher-than-average starting salaries.
Starting salary—garnered from Payscale.com—was one of the main factors Kiplinger looked at, and the list says that “young college grads in DC can expect to make 17 percent more than their peers elsewhere.” That may be the good news, but the bad news is that rents average over $1,200 a month (the national average is $817), and Washington has a cost-of-living score that’s 44 points above the national average.
Still, Kiplinger says the area’s population is made up of about 14 percent young people, potentially something that might draw in other young people. The city’s major downside, according to Kiplinger? “Nonstop politics.” That might not actually be a bad thing for some of this city’s cable news addicts.
Washington Is a Top-Ten City for Young Adults
Kiplinger compiles the best cities for those just out of college, and we make the list
Kiplinger, a Washington-based business forecast news service, recently published a list of top-ten cities for young people, and our city is on it. The site didn’t identify cities that are cheap, but rather focused on cities that provide great value—“low cost of living and reasonable rents compared to paycheck size.”
But the Washington area definitely isn’t cheap—in fact, in 2008, Forbes ranked Washington on its top-ten list of most expensive rental cities. So how did lovely Washington make it onto Kiplinger’s list? It seems that in a struggling economy, government and government-contractor jobs tend to offer higher-than-average starting salaries.
Starting salary—garnered from Payscale.com—was one of the main factors Kiplinger looked at, and the list says that “young college grads in DC can expect to make 17 percent more than their peers elsewhere.” That may be the good news, but the bad news is that rents average over $1,200 a month (the national average is $817), and Washington has a cost-of-living score that’s 44 points above the national average.
Still, Kiplinger says the area’s population is made up of about 14 percent young people, potentially something that might draw in other young people. The city’s major downside, according to Kiplinger? “Nonstop politics.” That might not actually be a bad thing for some of this city’s cable news addicts.
Most Popular in News & Politics
What It Felt Like for a Virginia Marching Band to Win Metallica’s Contest
Meet the 2023 Washingtonians of the Year
What’s IN and OUT in DC Restaurant Trends for 2024
Introducing 8 of DC’s Most Stylish
Washingtonian Magazine
May 2024: Great Getaways
View IssueSubscribe
Follow Us on Social
Follow Us on Social
Related
13 Major Concerts and Music Festivals in the DC Area This Spring
Mary Timony on Her Emotional New Album, “Untame the Tiger”
The Beatles in DC: A New Exhibit in Maryland Looks Back on Early Beatlemania
Northern Virginia High School Wins Metallica’s Marching Band Competition
More from News & Politics
DC Area College Students Protest Gaza War at George Washington University Encampment
Here Are the Celebrities Coming to Town for the White House Correspondents Dinner
Insomnia Cookies, Picnic Blankets: Waiting in Line for Trump’s Supreme Court Case
PHOTOS: Demonstrators Gather Outside the Supreme Court as It Hears Arguments on Emergency Abortion Case
DC’s Coolest Jobs: A Jazz Detective. Orchid Whisperer. Armageddon Stopper.
Seven Miles of Georgia Avenue Will Have a Bus-Only Lane This Summer
What We’ll Miss (or Won’t Miss) About Foxtrot
Foxtrot Is Closing Its DC-Area Stores