Austin has earned the top spot as the best city for military veterans in 2024 according to a detailed study by WalletHub. The city scored 71.29 out of 100 based on criteria that include veteran unemployment rates, veteran income growth, housing affordability, and quality of life among other factors, all important considerations for those who have served when looking for a place to call home post-service. The report, published just before Veterans Day, offers a significant nod to Austin’s ongoing efforts to welcome and support its veteran population.
Breaking down the metrics, Austin showed particularly strong rankings in quality of life, snagging the No. 4 spot, and veteran employment, coming in at No. 10, a notable accomplishment given that American veterans as a group face a 2.8% unemployment rate which is below the last reported national average of 3.9% as
MySanAntonio
points, the city also ranked 13th for economy and 32nd for health demonstrating a strong overall support system for this demographic. In terms of income, veterans in Austin enjoy a median annual income of over $59,000, the ninth-highest in the nation, and the city promises significant veteran population growth through 2050, factors which contribute to a support network of peers and economic opportunity.
The WalletHub analysis specifically highlighted Austin for its veteran-friendly environment, including access to high-quality universities and a thriving job market with strong income potential for those who have served in the military, as noted by
CultureMap Austin
. “It’s also good for veterans to live in a place where they can form a community of support with others who have gone through similar experiences,” stated the
WalletHub report
, citing Austin’s second-largest projected increase in veterans as an indication of the city’s growing veteran community.
While Austin holds the distinction of the city most-favorable to veterans, other Texas cities like Laredo at No. 12, Fort Worth at No. 20, and San Antonio at No. 28 also made the top 50 list, showing overall strong support for veterans in the Lone Star State, and yet, when it comes to state rankings, Texas finds itself at the 28th mark on WalletHub’s 2024 study for “Best & Worst States for Military Retirees.” The opposing end of WalletHub’s city rankings sees Newark, New Jersey languishing at the very bottom a position no city wants to find itself in, especially given the significance such rankings can have on local policies and perceptions as it joins Detroit, Memphis, Baton Rouge, and Indianapolis in the bottom five.
Military veterans seeking a blend of economic opportunity, community support, and quality of life would do well to consider Austin, as ample military discounts at local restaurants and entertainment venues further sweeten the deal this according to the report by WalletHub which has consistently recognized Austin’s commitment to its veterans. Indeed, with Florida cities like Orlando and Tampa also among the top rated for veterans, it’s clear that the warmer climates of the South have become particularly welcoming to those who’ve served, as evident in the strong showings by cities across the region.
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