Apartments.com and CBcampus.com put together a list of the "10 Best Cities For Recent College Graduates." To compile the list, they looked for cities with the highest concentration of young adults, inventory of jobs requiring less than one year of experience, and the average cost of rent for a one bedroom apartment from Apartments.com (2009).
"Given the current economy, new grads looking to relocate are becoming increasingly concerned with the cost of living as they are faced with more competition for jobs than seen in previous years," said Tammy Kotula, public relations and promotions manager at Apartments.com. "With these very real concerns weighing on the minds of many, two leading online resources for apartments and jobs have come together to paint a realistic landscape of both the job market and cost of living in the most popular cities for young adults after college."
It's interesting that in spite of its sky-high cost of living, New York still came in at number six on the list. The perennially underrated Indianapolis ranked first -- It also grabbed the pole position in the National Association of Home Builder's list of the ten most affordable cities. According to City-Data.com, Indianapolis' largest employers include Eli Lilly, Purdue and -- get this -- Rolls-Royce.