As you heard on WHO Radio News, Iowa was recently ranked by a job search website as the best state for jobs. But with college graduations right around the corner, how does Iowa rank as a place to start a career?
GoBankingRates has just come out with their list of the Best and Worst States for College Grads to Start Their Careers.
They looked at variety of factors including: median home income for someone with a bachelor’s degree, job availability and unemployment rates.
How did Iowa rank? Not bad. From the website:
7. Iowa
- Share of population ages 25 and older with a bachelor’s degree:18.7%
- Percentage of population ages 25-29:6.2%
- Median income for population ages 25 and older with a bachelor’s degree:$49,094
- Median home price:$170,000
- Years needed to afford down payment:6.93
- Median rent:$1,050
- Percentage of income spent on rent:25.7%
- Unemployment rate for population with a bachelor’s degree:1.5%
- Livability score:57
While Iowa has a low portion of the population ages 25-29 and a relatively low density of college-educated adults, it also has the third-shortest wait to save up for your first home.
Maryland was named the best state for college grads to start their career. The state has the third-highest median income for college grads, at $61,631. Plus, unemployment rates for college grads is just 2.1% and only 33.1% of income will be spent on rent.
Top Five States For College Grads to Start Their Careers
- Maryland
- Massachusetts
- Minnesota
- North Dakota
- Connecticut
On the flipside, Nevada is the worst state for recent college grads to start their career, with a low percentage of the population being college grads, a median income for college grads at just $47,109, and an unemployment rate of 4.3%, which is amongst the highest in the nation.
Five Worst States For College Grads to Start Their Careers
- Nevada
- Hawaii
- Mississippi
- Florida
- Idaho