For those who are determined to live here anyway, there is hope.
A new NerdWallet study analyzed the best places for millennial job seekers in Colorado, and found that jobs are plentiful across multiple sectors.
The financial website ranked 10 Colorado cities as the best for millennials seeking a job:
- Lone Tree
- Fort Collins
Eight of these communities are in metro Denver, and five of them are home to an RTD rail station. Two more cities outside the immediate metro area are within a 90 minute drive of downtown Denver. “Denver holds great pull as not only the state capital, but also as the largest city in a 600-mile radius,” the study said.
To compile the study, NerdWallet looked at three key metrics:
- Are there jobs in the area?
The website used U.S. Census Bureau data to look at the unemployment rate in 2013 and the average worker payroll salary in 2012, as well as the average worker’s salary payroll data by ZIP code.
- Can you afford to rent near work?
NerdWallet measured a city’s median rent, including utilities, to determine if an area has reasonable rent costs.
- Do other millennials live there?
The website defined millennials as workers ages 18-33, and found the percentage of millennials in a city’s 2013 population and the growth of millennial residents from 2010 to 2013.
To see NerdWallet’s full report. Click here.