Forbes ranks Minneapolis metro area as third best market for young professionals

The Minneapolis-St. Paul metro area is the nations third best market in the nation according to Forbes magazines America’s Best Cities for Young Professionals survey. For the survey, Forbes magazine used data from a variety of sources including Metropolitan Statistical Areas, Payscale.com and Moody’s Economy.com to look at current unemployment rates, affordability, talent, and average salary of college graduates among other factors.

Of all large markets (of more than million in population) studied, the Minneapolis metro area ranked well in a number of factors studied for the Forbes survey. The area ranked high in the (lower) cost of living index, the number of large companies that call Twin Cities home, elite graduates (from Harvard, Princeton, Stanford, Duke, Rice and Northwestern universities) in the area, and the overall rate of unemployment to rank as the third best market in the nation for college graduates in a tough economy.

Only Houston, Texas and Washington, D.C. rated higher than the Twin Cities metro area in the study. New York, Boston, Dallas, Seattle, Denver, Atlanta and Austin, Texas rounded off the top 10 markets in 2010. In the 2009 survey, Minneapolis also made the top 10 list and was ranked at number 9.

June 22, 2010

Published Jun. 22, 2010