Forbes names Des Moines the best place for young professionals to live. Here’s why.
Des Moines is the fastest-growing major metro in the Midwest, with low rent and low unemployment rates. Recently, Forbes Advisor even named Des Moines the top best place for young professionals to live.
Forbes Advisor compared the 100 most-populous metropolitan areas, of which 99 had available data, across 10 metrics spanning four key categories: employment and pay, housing affordability, lifestyle and cost of living.
To find the top 10 best metros in the U.S. where young professionals can afford to live, Forbes Advisor calculated the estimated monthly mortgage payment for each area using the metro’s median home price, a 30-year fixed mortgage rate of 6.5% and a 10% down payment.
More: Iowa has lowest housing costs in the US, earning it a Top 20 spot on best states to live
"In [Des Moines], you have the opportunity to affordably experience world-class amenities, catapult your career and have your fingerprints on the future of the region," said Tiffany Tauscheck, president and CEO of the Greater Des Moines Partnership in a news release.
Why Forbes says Des Moines is so suitable for young professionals?
The Des Moines metro ranked eighth-lowest for monthly rent costs, at $1,103, with a median home price of $265,300
The metro's unemployment rates rank the seventh lowest study-wide at 2.4%
The region's median age is 36.4 years
The median income in the Des Moines metro is $47,097
Saving for a down payment for a home should be relatively quick, as a 10% down payment on the median-priced home is equivalent to 56.33% of the median individual income in Des Moines
What other cities made Forbes' top 10 places for young professionals?
Des Moines
Oklahoma City
Omaha, Nebraska
Columbus, Ohio
Cincinnati
Minneapolis-St. Paul
Kansas City
Baltimore
Nashville, Tennessee
Little Rock, Arkansas
This article originally appeared on Des Moines Register: Forbes names Des Moines best place for young professionals
