A high cost of living in Washington, D.C. isn't preventing out-of-state college grads from setting up shop in the nation's capital. 'Washington, D.C. came up right at the top of the list as a city that attracted a lot of out of state grads,' said Stephen Dash, CEO of Credible, which issued a report on which cities had more out-of-state graduates than in-state grads. 'The rent-to-income ratios are high, but the employment prospects are high, so we hypothesize that graduates are making a longer-term decision about their career growth.' Washington D.C.'s ratio of out-of-state to in-state grads was 2.2, the report found. The city's rent-to-income ratio is 19.9 percent. The median ratio of the 20 cities Credible analyzed, which included major hubs like New York City, Chicago, Los Angeles and San Francisco, was 18.5 percent. TheStreet's Scott Gamm reports from New York.
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