Austin ranks as best place to live for young adults, study shows

Young adults looking to make moves and improve their careers and personal finances serve themselves best by moving out to the Southwest, according to a new poll released Monday by Portfolio.com.

According to the website’s latest submission to their U.S. Uncovered series that analyzes U.S. lifestyle trends, Austin was singled out as the best place for young adults to live because of the 99,200 jobs the city has added in the last five years along with the nation’s fasted employment growth rate of 2.8 percent.

Additionally, the Southwest region was singled out as the best region for young adults because of the five metro areas it encompasses in the Top 10 places to live – Austin, Houston, Oklahoma City, Dallas-Fort Worth, and Tulsa.

“Entrepreneurs looking to jump-start their business and marketers looking for the disposable income of this crucial demographic now know where to focus,” said J. Jennings Moss, editor of Portfolio.com. “The Southwest is making headway in attracting younger crowds and re-establishing itself as a destination for those in their 20s and 30s looking for opportunities during the recession.”

The survey found Detroit to be the worst metro area for young adults because it has shed 343,700 jobs in the last five years.