New York City Ranked Worst Place to Start a Career for New Grads, Study Finds
New York City is often seen as an attractive destination for business professionals due to its towering skyscrapers, bustling atmosphere, and a host of attractions such as Times Square and yellow cabs. However, recent survey results suggest that it may not be the most favorable place for young graduates to start their careers in the United States.
According to a report titled “2023’s Best and Worst Places to Start a Career” by the personal finance website WalletHub, fresh graduates are advised to reconsider their decision to move to New York. The study compared factors such as the availability of entry-level jobs, housing affordability, and commuter friendliness across various cities. Surprisingly, New York came out as one of the least suitable places to start a career.
According The New York Post, NYC ranked a disappointing 182nd among all cities considered, scoring the lowest on 26 metrics encompassing job opportunities and quality of life. These measures included the number of entry-level jobs available per 100,000 working-age residents, average monthly starting salary, housing affordability, average length of workweek, and more.
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One of the study’s notable findings was that New York City had the lowest number of entry-level jobs available per 100,000 professionals ages 16 and older, 18 times fewer than the city with largest job availability, Orlando. Additionally, other cities like Newark, New Jersey (180th position), Gulfport City, Mississippi (181st), and Detroit (179th) also saw their ranking drop.
With contributions from agencies
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