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College grads flocking to Austin
New study follows grads to urban, high-tech meccas
Updated: Friday, 30 Oct 2009, 3:25 PM CDT
Published : Wednesday, 28 Oct 2009, 7:48 AM CDT
WASHINGTON (AP) - Many college graduates are choosing to live in urban, high-tech meccas, fueling a resurgence of brainiacs in California, North Carolina and Texas.
Census data shows metro areas with high rates of foreclosures, less tech-based economies or increasing unemployment are seeing declines or slower rates of growth in residents with a college degree or higher.
They include Cleveland, Los Angeles, Atlanta, Orlando, New Orleans and Detroit. The report shows that Austin, Texas; Portland, Oregon; Charlotte and Raleigh, both in North Carolina; and Seattle saw large jumps in residents with at least a college degree. Each offers the promise of specialized tech jobs and hip lifestyles.
Among other findings:
- The top five metro areas with the largest gains in residents earning $65,000 and more were Phoenix, Riverside, Calif., Dallas, Las Vegas and Houston.
- Median home values ranged from $68,200 in Odessa, Texas, to $739,700 in San Jose, Calif., the only metro area with a median home value above $700,000.
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