Des Moines tops Forbes list for young professionals - KWWL - Eastern Iowa Breaking News, Weather, Closings

Des Moines tops Forbes list for young professionals

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DES MOINES (KWWL) -

An Iowa city tops Forbes list of Best Cities for Young Professionals. Des Moines ranked number one for having the highest concentration of big businesses per resident than any other city on the list.

Forbes says businesses like Principal Financial Group and EMC Insurance Companies help bump the Iowa capitol to a ratio of one large business for every 568 residents. Business costs in Des Moines are also 16% below the national average. The city also has the lowest unemployment rate of 100 cities Forbes surveyed at 5.8%, and projected job growth rates of 0.97% in 2011 and 2.86% in 2012.

Forbes defines young adults as between the ages of 24 to 34 who hold a Bachelor's degree or higher. They judged 100 cities on seven factors: unemployment rates and 2010 to 2012 job growth projections; Census Bureau data on the number of small and large business; the median salaries for 24- to 34-year-old employed college graduates; cost of living index, and the percentage of the population aged 25 and older with college degrees in the area.

Raleigh, North Carolina took second place on Forbes' list. Madison, Wisconsin, Salt Lake City, Utah, and Omaha, Nebraska round out the top five.

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