Wednesday, May 16, 2018
Provo Wins!
Posted By Babs De Lay on May 16, 2018, 11:00 AM
Utah makes the top of just about every list these days—best place to start a business, best state economy, lowest unemployment, etc. Provo is the seventh "Best City to be Young and Broke," according to magnifymoney.com. The site asked 100 young folks ages 18-24 to rank the importance of 12 city features that factor into the quality of life for them. Then they weighted the answers according to which were the most important. Here are the survey's priorities in order of highest to lowest:
Median rent; price of goods compared with the national average; average commute times; unemployment rate for young people; statewide income tax rates; statewide sales tax; percentage of the young adult population who live in poverty by federal standards; percentage of the population between the ages of 18 and 24; percentage of young adults who have either completed or are pursuing a college degree; percentage of the population who uses public transportation; percentage of young adults who moved from another state or another country in the previous year; and my personal favorite: availability of cheap food, as expressed in the number of pizza parlors per 100,000 residents.
So, the best cities to be young and broke are: 1. Madison, Wis., 2. Grand Rapids, Mich., 3. Dayton, Ohio, 4. Syracuse, N.Y., 5. Durham, N.C., 6. Des Moines, Iowa, 7. Provo, Utah, 8. Akron, Ohio, 9. Chattanooga, Tenn., 10. Lexington, Ky. Certainly there are many financial concerns when you're young, like student loans, rising rents, establishing a career and starting a retirement account. Oddly, most of the winning states aren't too far from the mighty Mississippi river. The survey found the highest proportions of young adults in Springfield, Mass., and our own little Provo. It also found most young adults living in poverty are in Madison, which also has the highest number of young people taking public transportation.
The worst ranked cities were: 1. New York City, 2. Los Angeles, 3. Tampa, Fla., 4. Sacramento, Calif., 5. Fresno, Calif., 6. Stockton, Calif., 7. Santa Rosa, Calif., 8. Bakersfield, Calif., 9. Modesto, Calif. and 10. Riverside, Calif. As you can see, nine out of the 10 worst cities to live young and broke are in California. As a frequent visitor there, I can say mass transit sucks in all of those towns. But on the flip side, it's great in the Big Apple—and there's a pizza joint about every 30 feet.
About The Author
Babs De Lay
A full-time broker/owner of Urban Utah Homes and Estates, Babs De Lay serves on the Salt Lake City Historic Landmark Commission. A writer and golfer, you'll find them working as a staff guardian at the Temple at Burning Man each year.
More by Babs De Lay
-
Sold a home in Utah? Check if you qualify for capital gains deductions and like-kind exchanges.
Urban Living
- Apr 30, 2025
-
As property values rise, Utahns can be hit with hefty tax bills after selling a home.
Urban Living
- Apr 23, 2025
-
A Salt Lake City cop is credited with inventing the first electric traffic light in 1912.
Urban Living
- Apr 16, 2025
- More »
Latest in Urban Living
