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24/7 Wall St.: The Best Cities for Young Adults

8. Phoenix, Ariz.

Unemployment: 7.2%
Average rent price: $834
Median home list price: $185,500

Phoenix real estate suffered from the recession. As of the first quarter of 2012, 55.5% of homeowners had underwater mortgages. Millennial sports fans will enjoy the city because of its active MLB, NHL, and NBA teams. With one of the highest proportions of households with children under 18, Phoenix has 29 school districts and is a good place for a millennial who plans on starting or moving a family.

More From 24/7 Wall St.:
The Most Dangerous Cities in America
10 Countries Paying People to Retire
10 Brands That Will Disappear in 2013

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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