Now that it’s May a lot of kids will be graduating college in the coming weeks. And while some may move home with mom and dad once school is over, others will be looking for places to start their career, and a new report reveals where they may want to consider.
GoBankingRates has just come out with their list of the Best and Worst States for College Grads to Start Their Careers, looking at a variety of factors including: median home income for someone with a bachelor’s degree, rent-to-income ration, job availability and unemployment rates, and more.
So, with that in mind, 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
CLICK HEREto see where your state falls on the list.
Source:GoBankingRates