Columbus No. 7 for new college grads with ultra-low cost of living

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College grads can do a lot worse than settling in Columbus.

Columbus is the 7th-best city for new college graduates to live in, according to a report from financial literacy and consumer advocacy website NerdWallet.

The analysis is based on share of population between ages 18 and 24, bars per 1,000 residents, walkability, cost of living and unemployment rate.

Among the top 10 cities, Columbus has by far the lowest cost of living with an average two-bedroom apartment costing $768. The next closest is Denver with $931, and the most-expensive city in the top 10 - San Francisco - has an average cost of $2,702.

Columbus doesn't fare as well for its walkability, measured at 47.4 by WalkScore.com, signifying a "car-dependent" city.

Here's what NerdWallet has to say about Columbus:

"Columbus is an up-and-coming Midwestern college town-turned-entrepreneurial center. With the fourth-most 18 to 24 year olds, the fourth-lowest unemployment rate and a very low cost of living (they have the cheapest movie tickets of any city on our list!), this city is extremely friendly to recent grads with minimal savings. Although the city is not particularly walkable, the low cost of living means that having and parking a car is much more affordable than it is in other large cities."

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Morning Call is compiled from news reports originated by other media organizations and Columbus Business First staff.

Evan Weese is web coordinator for Business First.

Source: http://feeds.bizjournals.com/~r/bizj_columbus/~3/8O-mV0CYxgc/columbus-no-7-for-new-college-graduates.html

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