Not Surprising: 'Burgh Among the Best for New College Grads
According to a financial advising site, Pittsburgh is both affordable and a good place to find a job for those fresh out of college.
When it comes to the best cities for college graduates, Pittsburgh ranks No. 2 in the country, according to the financial advising site SmartAsset.
“Pittsburgh is home to a number of major colleges and universities … those schools provide the city with a constant stream of new graduates,” the study's authors write. “The unemployment among bachelor’s degree holders is just 2.7 percent in the Pittsburgh area. Thanks to the city’s relatively low home prices, it also rates as one of the best places to buy a home for the first time.”
Nearly a quarter of Pittsburgh's population is between 20 and 30 years old, the fourth highest among the largest cities in the United States.
Below is SmartAsset's list of of top 10 cities for college grads:
- Cincinnati, OH
- Columbus, OH
- Kansas City, MO
- San Antonio, TX
- Austin, TX
- Seattle, WA
- Omaha, NE
- Madison, WI
- Wichita, KS
#Pittsburgh Undervalued – And That's A Good Thing
In another Smartasset study, Pittsburgh was listed as the country's most undervalued city – meaning you get the best bang for your buck in terms of livability and average housing costs.
The study ranked 200 cities using a model that compares “livability” — measured with metrics such as walkability, weather and unemployment — and home price per square foot.
In 2015, Pittsburgh home prices averaged around $80 per square foot. In addition to bargain pricing, Pittsburgh residents have access to good schools, a strong economy and a wide array of dining and entertainment. Other undervalued cities include Philadelphia, Providence and Baltimore.
The three most overvalued cities included in the study were in the San Francisco Bay Area, which is at the forefront of the nation’s affordable housing crisis. For example, home values are more than $850 a square foot, which means a home in Pittsburgh that costs $160,000 would cost $1.7 million in San Francisco.
But those bargains here may not last. Zillow rates Pittsburgh's housing market “hot,” and prices are rising.
#Pitt Among Nation's Top 30 Richest Schools
Students at the University of Pittsburgh might be surprised to learn that their school is among the top 30 richest in the United States. According to the National Center for Education Statistics, Pitt ranks No. 23 with an endowment of $3.47 billion. No other Pittsburgh-area school made the list. University endowments help to fund a school's operating budget, invest in future infrastructure and programs, and provide financial aid for tuition and research.
University of Pittsburgh alumni include seven Rhodes Scholars, 11 Truman Scholars and more than 84 Fulbright Scholars, according to Business Insider.
While $3.47 billion is certainly a lot of money, it's just a fraction of the endowment of nation's richest school, Harvard University, which is $36 billion.