#Goals: El Paso sixth best metro for millennial student debtors#Goals: El Paso sixth best metro for millennial student debtorshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=196242018-03-29T05:00:00Z2018-03-29T16:00:00Z

​​​EL PASO – The metro has ranked as the sixth best for millennials with student debt, according to RewardExpert, a credit card and travel rewards service.

Young professionals can take advantage of the city’s low housing costs. The median gross rent is $756 per month, and the median monthly housing cost for homeowners is $971. 

The average median student debt of local millennials is $14,715, lower than the national average, and 41 percent of the workforce is in industries requiring higher education.

Since Texas doesn’t impose a state income tax, young professionals can allocate a larger chunk of their income to their debt.

RewardExpert analyzed 207 cities and metropolitan areas based on 23 data indicators to come up with the results. Metrics were grouped into five categories: housing availability and costs; transportation infrastructure and transit access; availability and accessibility of jobs requiring a college degree or higher; tax rates; and local trends in debt and credit.

The top five metros are Lincoln, Neb.; La Crosse-Onalaska, Wis.-Minn.; Milwaukee-Waukesha-West Allis, Wis.; Omaha-Council Bluffs, Neb.-Iowa; and Columbia, Mo.

Only three other Texas cities—Lubbock, Amarillo, and Wichita Falls—ranked in the top 50. 

El Paso
Demographics & Population
https://www.rewardexpert.com/blog/studies/2018s-best-worst-cities-for-millennials-with-student-debt/Read more at {Source}

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