It is no secret that getting on your feet is a challenge when graduating from college and beginning a new career. Wages have stagnated across multiple industries while the cost of living in a major metropolitan area has only increased. The goal of this article is to provide a look into why it is hard to get ahead when you are “average”. Average in this case is not necessarily average at all as we must assume that the “average” person has successfully completed their college education and were able to land their first job.
For this example, we will assume the new grad does not have the benefit of receiving any help to get them started. Let’s dive into the costs associated with being average and living in a new city.