So where are the most affordable college towns that also offer plenty of fun things to do and academic and employment opportunities, for those who choose to stick around after graduation? Well, it depends on whether those young scholars prefer small towns, medium-size urban areas, or all-out big-city life.
Live-music hot spot Austin, TX, took the top spot for large college cities, according to a recent ranking from WalletHub.
Austin’s unemployment rate “Is the lowest in the country, just 2.9%, and earning opportunities draw more and more highly educated people to the city each year,” says Jill Gonzalez, a WalletHub analyst.
The median home price in the Austin city limits is $410,000, compared with $939,000 in Los Angeles and $1,395,000 in New York City’s borough of Manhattan, according to realtor.com © data.
Orlando, FL, was named the best midsize college town and Ann Arbor, MI, about 45 minutes west of Detroit, was rated the best small college town in the nation.
Orlando is significantly more affordable: The median home price there was $254,950, compared with $415,000 in Ann Arbor.
Plus, the University of Central Florida plans to open a campus in downtown Orlando next year.
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Marcius, C. (2018, December 12). America’s Best College Towns: Which Ones Make the Grade? [Blog post]. Retrieved from https://www.realtor.com/news/trends/best-college-towns-america/