moving to Houston

Houston ranks as top spot for young professionals based on standard of living

Houston adds yet another feather to its cap and has been recognized as the best place to be after graduating college. Photo via Getty Images

Recruiting talent in the Houston area? Might want to share this tidbit of information.

A new study by two California researchers names Houston as the No. 1 place among the country’s 50 largest spots for college graduates to enjoy the highest standard of living. Why? Because, the study says, “local income is relatively high, cost of living is moderate, and there are no state taxes.”

Among places of all sizes, the study ranks Houston second in terms of the standard of living for college graduates. McAllen nabs the No. 1 spot, followed by Houston; Huntington, West Virginia; Beaumont; and Charleston, South Carolina.

In December, job website Indeed named Houston one of the 10 best cities in 2022 for recent college graduates. The 10 cities offer “many outstanding entry-level positions in a range of industries,” Indeed says.

More good news for Houston: The study ranks puts it at No. 2 (behind Buffalo, New York) among the 50 largest places in the U.S. for providing the highest standard of living for high school graduates.

According to the study, the five places with the highest standard of living for those with a high school diploma are Gallup, New Mexico; Summersville, West Virginia; Natchez, Mississippi; Graham, a town in North Texas; and Marquette, Michigan.

The study characterizes Houston and other regions as “commuter zones.” Each zone encompasses urban, suburban, and rural areas that feed into a single labor market.

As NPR explains, the researchers — Stanford University economist Rebecca Diamond and University of California, Berkeley economist Enrico Moretti — spent four years assembling and crunching data about the finances of 3 million U.S. households to come up with their findings.

“With their treasure trove of data, Diamond and Moretti constructed a cost-of-living index that paints a vivid picture of prices and typical consumption patterns throughout the United States,” NPR says.

That index puts Houston in a good light when it comes to the standard of living for both high school and college graduates.

“When we look at the factors that go into where a person chooses to live and work, overall standard of living and quality of life are critical components,” says Susan Davenport, chief economic development officer at the Greater Houston Partnership. “Houston today offers abundant parks and green spaces with millions of dollars in new investments, a world-class arts and culinary scene that continues to grow in global awareness, and the lowest cost of living among major cities.”

These combined attributes create a quality of life that enables Houston employers to attract and retain a highly skilled workforce, Davenport says. This, in turn, helps Houston woo employers seeking access to that workforce.

“It’s a robust and thriving ecosystem,” she says, “and it continues to work to our advantage.”

Trending News

Building Houston

 
 

Catch up on two big pieces of news landing at the Houston Spaceport. Image via fly2houston.com

The Space City is starting 2022 off strong with news launching out of the Houston Spaceport — a TK-acre space in TK Houston.

The two big headlines include a unicorn company releasing the latest details of its earthbound project and fresh funds from the state to support the space ecosystem in Texas.

Governor Abbott doles out $10M in spaceport grants

Texas has launched fresh funding into two spaceport projects. Image via fly2houston.com

Last week, Gov. Greg Abbott announced $10 million in funding to two Texas spaceports as a part of the state's Spaceport Trust Fund. The Houston Spaceport Development Corp. received $5 million and the Cameron County Spaceport Development Corp. received $5 million.

The fund is administered by the Governor's Office of Economic Development and Tourism and was created to support the development of spaceport infrastructure, create quality jobs, and attract continuing investments that will strengthen the economic future of the state, according to a news release.

"For decades, Texas has been a trailblazer in space technology and we are proud to help cultivate more innovation and development in this growing industry in Cameron and Harris County," says Abbott in the release. "This investment in the Cameron County and Houston Spaceport Development Corporations will create even more economic opportunities for Texans across the state and continue our legacy as a leader in space technology."

Axiom Space hires Dallas-based architecture and engineering firm

Axiom Space has made progress on developing its 14-acre headquarters. Image via axiomspace.com

Houston-based unicorn Axiom Space has announced that it awarded Dallas-based Jacobs the architecture and engineering phase one design contract. The firm will be working on the 100,000-square-foot facility planned for the 400-acre Houston Spaceport at Ellington Airport.

Axiom Space's plans are ro build the first commercial space station that will provide a central hub for research, to support microgravity experiments, manufacturing, and commerce in low Earth orbit missions, according to a news release.

"This is an exciting and historic moment for Axiom and the greater Houston area," says Axiom CTO Matt Ondler in the release. "For the first time, spacecraft will be built and outfitted right here in Houston, Texas. This facility will provide us with the infrastructure necessary to scale up operations and bring more aerospace jobs to the area. With this new facility, we are not only building next generation spacecraft, but also solidifying Houston as the U.S. commercial industry's gateway to space."

Axiom Space, which raised $130M in venture capital last year, is building out its 14-acre headquarters to accommodate the creation of more than 1,000 high-paying jobs, from engineers to scientists, mathematicians, and machinists.

"Houston is a city built on innovation and is becoming a next-generation tech hub in the United States," says Ron Williams, senior vice president at Jacobs. "Privately funded infrastructure will drive U.S. leadership in space. Jacobs is committed to providing integrated solutions to accelerate the future of commercial space operations."

Trending News