Texas tops list of the best states for grads dreaming of their own home; Hawaii comes in last

FOSTER CITY, Calif., Aug. 25, 2015 (GLOBE NEWSWIRE) -- Coupling a low cost of living with high job growth, Texas and Virginia topped this year's list of the best states for college grads who want to buy a house, according to a new study from OnlineDegrees.com. The analysis ranked all 50 states on their earning potential, housing prices and projected job growth to determine which ones offer bachelor's degree holders both the ability to buy a home and the most financial flexibility after doing so.

Georgia, North Carolina and Washington rounded out the top five of a geographically diverse list that highlights the array of potential opportunities and shows that homeownership can still be a possibility even in pricier states. Conversely, the list of the worst states includes not just expensive housing markets, such as Hawaii and Vermont, but also highly affordable states that don't always offer strong enough economic opportunities to go with their lower cost of living, such as West Virginia.

Using data from sources such as the American Community Survey, the Bureau of Labor Statistics, and the Council for Community and Economic Research, OnlineDegrees.com ranked the 50 states on four factors:

  • Average annual salary for grads with 25 in-demand degrees
  • Approximate salary remaining after paying the annual mortgage and homeowner costs for a 30-year fixed-rate mortgage on a median-value home
  • Employment potential, based on the number of new jobs projected and job concentration for a featured career associated with each degree
  • Cost of living

Based on those rankings, the top 10 states are:

  1. Texas
  2. Virginia
  3. Georgia
  4. North Carolina
  5. Washington
  6. Colorado
  7. Alabama
  8. Michigan
  9. Minnesota
  10. Ohio

The full list of the top 25 states and information on how specific data points were ranked is avaiable at OnlineDegrees.com under "Best States to Start Your Post-College Life."

CONTACT: Michael Kushman 650-578-6865 mkushman@quinstreet.comSource:OnlineDegrees.com