Pittsburgh Is Third Best City for New College Grads

With the average college student graduating with $37,090 in federal student loan debt, recent graduates are keeping money in mind and seeking affordable cities.

Pittsburgh is the third best city for new college graduates, according to Realtor.com’s analysis of U.S. cities based on rental affordability, rental availability, number of job opportunities, job stability, share of recent college graduates, average commute and lifestyle.

The rent-to-income ratio in the City of Bridges is 21.7%. The share of recent college grad-friendly jobs is 24.9%, with the average commute time clocking in at 25 minutes. The University of Pittsburgh and Carnegie Mellon also help give Pittsburgh a younger feel while offering further education and employment opportunities.

“For decades, Pittsburgh has been ranked among the nation’s top most livable cities,” Michelle Senko, president-elect of the Realtors® Association of Metropolitan Pittsburgh notes.

“While rich in history, education, culture and art, Pittsburgh hosts a growing number of industries including research, healthcare and technology. Highly sought-after colleges and universities line the city and give way to creating highly desirable rental and investment markets in the surrounding area neighborhoods.”

“As a matter of fact,” she adds, “Over 90 unique neighborhoods make up the city of Pittsburgh, offering a host of lifestyle amenities for everyone. Nationwide, Pittsburgh’s housing market stands out as one of the top in value and affordability.”

“Many people who come from out of town – ranging from visitors, students professionals, relocations and more – end up falling in love with our dynamic and friendly city,” Senko says. “And many end up making Pittsburgh the place they call home.”