The Biggest Problem for Recent College Grads: A Surge in Rent Prices

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The Biggest Problem for Recent College Grads: A Surge in Rent Prices
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Recent graduates are in high demand and commanding higher pay. Rent is rising even faster.

May 13, 2022 5:30 am ET, commanding higher pay and improved benefits. They are also entering what may be the toughest-ever market for renters.

The National Association of Colleges and Employers says employers plan to raise pay for many 2022 graduates, though it doesn’t yet have firm figures for the entire class. In the most recent complete data, the group said 2020 grads made average starting salaries of about $55,000, up more than 14% over the average about a decade before.

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