The Twin Cities have been named one of the best metro areas for young professionals by Forbes Magazine.
The metropolitan area, including Minneapolis, St. Paul and Bloomington, ranked 10th on Forbes' list, which looked at the country's 100 largest metro areas to determine which cities offered the best prospects for professionals ages 24 to 34 with a bachelor's degree or higher.
Fast facts from the rankings:
- Population: 3,459,146
- Median salary: $55,800
- Unemployment rate: 4.7 percent
- Population with a bachelor's degree: 38.4 percent
- Cost of living index: 98.4
- Average yearly job growth (2014-2016): 2.2 percent
- Companies with 500-plus employees: one for every 1,554 people
- Companies with fewer than 500 employees: one for 48.32 people
Des Moines, Iowa, took No. 1 and Raleigh, North Carolina, took No. 2 on this year's list. Madison, Wisconsin, ranked fifth.
Forbes says both Des Moines and Raleigh have plenty of companies with a well-educated workforce. The two also topped Forbes' most recent list of best places for business and careers. On that list, the Twin Cities ranked No. 17.
Here are some other lists that ranked the Twin Cities as one of the best areas for careers or business:
- Minnesota was ranked among the best states for small business, while Minneapolis was named one of the best cities for small business employees.
- The Land of 10,000 Lakes also ranked No. 8 on Forbes' list of Best States for Business in 2013.
- Forbes has also ranked the Twin Cities as one of the nation's best cities for job hunters.
- WalletHub ranked Minneapolis No. 5 on a list of best place to start a career, St. Paul ranked 12th.
- In April, Minneapolis was named the fifth best city for college graduates by Livability. Minneapolis also ranked fifth on Livability's 2013 list.
- Minneapolis was named one of the best cities for women in business, as well as No. 1 for green commercial space.
- Last fall, David Letterman joked about Minnesota’s business success with a top 10 list of the state’s least successful businesses.