The Five Best Places For Millennials To Live And Work
If you’re fresh out of university and considering your first career choice, or just highly qualified and thinking about a big move, you’d be forgiven for thinking it’s pretty much doom and gloom out there.
Housing costs are on the rise, while everything else is being cut and is on the decline, but that’s far from being the case.
A huge number of start-up companies are being especially creative, moving to cities that may have escaped your attention, and larger companies are moving outside of the Capital due to office space being far more affordable elsewhere around the country. This has resulted in a number of cities having fantastic employment opportunities that are becoming incredibly attractive places to live.
We run through a few of those cities that you might not have considered as an option, as well as the careers that are available there. Housing costs are based on renting a one bedroom flat using the BBC’s house price calculator, but there are plenty of ways to save money such as house shares or a longer commute.
For a capital city, the living costs of Edinburgh are incredible, which is no doubt why the Post Office named it as the best city to live in the UK in 2016. NHS Lothian is the region’s biggest employer, although the financial sector is a close second, with Royal Bank of Scotland, Lloyds and Standard Life having a similar number of staff between them. If you want to have a work hard, play hard approach to life then the Scottish capital is the perfect place to call home. During August it hosts the biggest arts festival in the world, and the very best of theatre, comedy, music and art descend on this city and make it the cultural hub of the planet. High wages are coupled with (comparatively) low rents, making Edinburgh a very attractive option. If you want to get especially creative—and are able to—lots of residents rent out their houses to performers at the Fringe Festival during August, and can usually recoup two or three months’ worth of rent from doing so. With monthly rental coming in around £703, it’s a serious consideration for many.
A city that probably flies under the radar in terms of its sociability, but should definitely be somewhere near the top. Indeed, the Sunday Times named it as the best place to live in Britain in 2017. As the home of Banksy, it’s every bit the creative hub you would expect. Airbus is one of the biggest local employers, but as a city that prides itself on independent business it’s worth doing your research, as specialist roles will often come up with smaller companies. As an example, ForrestBrown is a firm of chartered tax advisers who has expanded from five members of staff to 50 in the four years since they started, and were named in the Sunday Times’ list of Best Small Companies To Work For. And even Bristol’s downsides are positives; parking is a nightmare, and everywhere you go seems to be uphill, but that means you’ll walk loads and get ridiculously fit in the process.
Thirty years ago Newcastle was a city that needed modernising badly, and over the last decade the city has transformed into something quite special. The once industrial quayside is now home to huge contemporary art galleries, concert venues and theatres, while the city centre continues to attract growing businesses that are basing themselves in the city and are in need of skilled workers. Once linked to coal mines and Tudor crisps, Geordies are now synonymous with telephone-based jobs because of their dulcet tones. Frank Recruitment Group is one of the larger employers in the city, and as such there are plenty of recruitment jobs in Newcastle. With an average monthly rental price of £508, housing is affordable and the city’s renowned party status make it a superb base for any young professional.
If we’re talking about locations for millennials, then what finer suggestion than the home of Game of Thrones? A number of iconic filming locations from the HBO series are within an hour of the city centre, leaving plenty of room for weekend trips exploring the country’s beautiful coast. And with some of the most affordable city housing in the UK, you’ll be just as happy staying in, too. Belfast wasn’t included in the BBC’s survey, but the average rental price is £630 per month, making it one of the most affordable cities to live in, even if that is going up faster than the rest of the UK. As for job opportunities, it’s pretty much the perfect time to be considering Belfast. The Titanic Quarter development on the city’s waterfront has resulted in a huge growth in employment in many industries including technology, finance and media.
So it may seem an obvious answer, and you may be looking to move somewhere more affordable, but in terms of employment and a cultural hub, it’s impossible not to consider the capital city. Despite many industries eyeing moves away from the Capital, finance is still very firmly rooted there with an abundance of jobs in the sector. Yes, it’s the most expensive place to live in the United Kingdom, but if you want your work life balance tipped towards the latter, then there’s no better place to be. Shopping, nightlife, culture; if there’s something London doesn’t have, that’s because it hasn’t been invented yet. It seems almost pointless quoting statistics on this one – if you absolutely want to avoid any debt, then work your way back up this list. Employment opportunities are huge, as are house prices, but in terms of sociability, there isn’t a city in the country with more going on in it.