Austin, Texas
Metro population: 1,705,075
Cost-of-living index: 97 (average is 100)
Median monthly rent (includes utilities): $864, nat. average+$819)
Average annual wage: $41,380 (as of 2007)
Unemployment rate: 6.9%
Percentage of Gen Y residents: 30%
Top employers: Austin School District, Dell, city and federal government, IBM, Seton Healthcare Network, St. David's Healthcare Partnership, University of Texas at Austin
Charlotte, N.C.
Metro population: 1,745,524
Cost-of-living index: 94
Median monthly rent: $803 (average is $819)
Average annual wage: $41,190
Unemployment rate: 10.9%
Percentage of Gen Y residents: 21.7%
Top employers: Carolinas Healthcare System, Wells Fargo/Wachovia Corp., Charlotte-Mecklenburg Schools, Bank of America, Wal-Mart Stores, Presbyterian Regional Healthcare, Delhaize America