Memphis is making headlines again for giving young professionals what they’re looking for in a city: opportunity. Forbes just ranked Memphis among the top 19 cities in the country to “make your mark”. The financially-focused magazine used the following criteria to make the list: average home cost, unemployment rates including direction year-to-year, overall population growth, and millennial population growth. The magazine characterized the findings as follows:
“Unlike major cities like New York, Chicago and Los Angeles, where professionals in the early to middle phases of their careers (ages 25 to 39) might feel overwhelmed or lost in the shuffle, most of these cities are small enough that enterprising people can really make their mark. But they’re still large enough to offer amenities—museums, parks, and in many cases vibrant downtowns–that make for a high quality of life. Most importantly, because these places offer affordable housing, residents enjoy the opportunity to spend their energy getting creative, starting a company, or simply enjoying time off, without the pressure-cooker professional environment and stressfully high housing costs that are the hallmark of many of the nation’s biggest job centers.”
Memphis comes in at number 9 in this list. The finding comes on the heels of Memphis being named one of the most entrepreneurial cities in the country, and multiple reports referring to our low cost of living and home ownership.