Monday, March 15, 2010

Study: Atlanta ranks no. 46 on list of best metros for young people

Posted By on Mon, Mar 15, 2010 at 3:44 PM

peter-bjorn-and-john-young-folks-webcastr

Austin, Washington, D.C., and Raleigh, N.C., top Portfolio's list of 67 metro areas that offer young people jobs and the best chance to avoid eating canned meat for the rest of their lives.

Metros with "strong growth rates, moderate costs of living, and substantial pools of young adults who are college-educated and employed" earned the highest marks. Five of the top 10 metro areas on the list are in the Southwest.

Atlanta, often touted as an excellent place for the young folk, ranked no. 46. Not good.

From Portfolio:

Two qualities help Austin—the host of the annual South by Southwest music, film, and interactive conference and festival—to stand out among the nation’s largest metros:

— Two thirds of the nation’s major markets have fewer jobs now than five years ago, but Austin added 99,200 jobs during that span. Its annual employment-growth rate of 2.8 percent is the fastest in America.

— Austin has the strongest concentration of young people among the 67 metros. Twenty-eight percent of its residents are between the ages of 18 and 34. The median for the study group is 23.1 percent.

As Pecanne Log's Christa pointed out to me in an email, the magazine's 10-part formula didn't include quality of life as a factor. Considering the metro region's auto dependency issues, that might have actually given us an advantage.

Here's Portfolio's methodology. Here's a neat-o interactive graphic. Here's a PDF of the rankings and related data.

(Screenshot of Peter, Bjorn and John's "Young Folks" courtesy of Webcstr.)

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