2020 Best Cities to Find a Job – Austin, Texas Ranked #4
With the unemployment rate at a near 50-year low and employers expecting to hire 5.8 percent more college graduates from the Class of 2020 than from the previous graduating cohort, the personal-finance website WalletHub today released its report on 2020’s Best Places to Find a Job.
To determine the strongest local job markets in the U.S., WalletHub compared more than 180 cities across 31 key metrics. The data set ranges from job opportunities to employment growth to monthly average starting salary.
Best vs. Worst
- Gilbert, Arizona, has the highest median annual household income (adjusted by cost of living), $89,903, which is 3.4 times higher than in Hialeah, Florida, the city with the lowest at $26,281.
- San Jose, California, has the highest monthly average starting salary, $6,019, which is 3.2 times higher than in Brownsville, Texas, the city with the lowest at $1,876.
- South Burlington, Vermont, has the lowest unemployment rate, 1.70 percent, which is 5.3 times lower than in Detroit, the city with the highest at 9.00 percent.
- Plano, Texas, has the fewest part-time employees for every 100 full-time employees, 32.86, which is 3.6 times fewer than in Burlington, Vermont, the city with the most at 118.23.
- Fremont, California, has the lowest share of workers living in poverty, 1.84 percent, which is 10.3 times lower than in Huntington, West Virginia, the city with the highest at 18.86 percent.