The 2021 edition of SmartAsset’s fifth annual study of the “Best Cities for Young Professionals” is out, and two Tennessee cities made the list. Nashville came in at #6, and Chattanooga tied for #16 with Lincoln, NE. Three of the top five might surprise you. Sioux Falls, SD was #1, Minneapolis is #2, and Pittsburgh came in at #5. There’s a good deal written about St. Louis which ranked #4.
What are the criteria that were used to develop the rankings? SmartAsset writes: “We compared the largest 150 U.S. cities across nine metrics, looking at affordability, workforce demographics and entertainment options.” More specifically, the nine measures are as follows: (1) percentage of the population between ages 25 and 34; (2) January 2021 unemployment rate; (3) labor force participation rate for young professionals; (4) median gross rent; (5) estimated cost of living; (6) entertainment establishment density; (7) median earnings for full-time workers; (8) four-year change in median earnings; and (9) median rent as a percentage of full-time workers’ earnings.