Personal Finance
Graduate holding scroll and wearing robe, standing with parents
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Which US cities give new grads the best shot in 2026?

The ideal place to start a career might be less about prestige and more about where the paycheck stretches furthest.

For young workers fresh out of college, the lure of America’s big coastal cities has always been pretty obvious: chase the higher-paying jobs, stomach the rent, and trust the grind will eventually pay off. For a new grad in 2026, though, the math in that deal may be getting harder to justify, according to new analysis from ADP Research.

The study ranked 53 major US metro areas for workers in their 20s based on hiring rates, wages, and affordability. So, where can a 23-year-old realistically launch a career without having to hand half their paycheck to a landlord — or wait months just to get past the resume screening process?

Birmingham-Hoover, Alabama, claimed the top spot, driven by strong hiring, low living costs, and median wages for recent grads that rose more than 16% to roughly $59,000 over the past year. Florida’s Tampa region jumped to No. 2 from 26th place last year, after posting the fastest hiring rate among all of the metros analyzed in the study.

Down is up

Six of the top 10 metros were in the South, including areas like Raleigh, Tulsa, Nashville, and Charlotte — cities where corporate expansions are helping drive job growth, while the lower cost of living means that starting salaries stretch further.

Still, large coastal hubs held their ground in the top half, including San Francisco (No. 7) and New York (No. 10). San Jose ranked third despite ongoing tech layoffs, as improved hiring and the highest wages of any metro, roughly $70,700, helped offset its low affordability score.

Meanwhile, some of America’s traditional youth magnets are starting to look less attractive: San Diego and Portland both landed in the bottom 10, while Seattle ranked 38th, as hiring has cooled and housing costs continue to eat into paychecks.

Salt Lake City, Utah, finished last for the second straight year, weighed down by below-median wages and affordability, along with one of the weakest hiring rates in the study.

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Wall Street bonuses hit a new record last year, edging toward $250,000 average

2025 was a pretty good year for US stocks... and new data suggests it was an even better one for workers on Wall Street itself.

In a year that saw pretax profits on the Street rise more than 30% to a record $65 billion, dealmakers, traders, and wealth managers raked in ~$246,900 in bonuses on average — an all-time high — per a new report from New York State Comptroller Tom DiNapoli published on Thursday.

Wall street bonuses chart
Sherwood News

According to DiNapoli, last year’s record $49.2 billion bonus pool (estimated using income tax data without including stock options or other deferred compensation) reflects Wall Street’s “strong performance for much of last year, despite all of the ongoing domestic and international upheavals.”

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