NYC Ranks in Top 10 Best Cities For Under-35ers

From 10 Great Cities For Young Adults (Under 35, they say, which does seem high for "young" huh? And includes more than Gen Y. And somehow Hoboken is in NYC) By Caitlin Dewey, Kiplinger.com

Metro population: 19,069,796 (includes Long Island and Northern New Jersey)
Cost-of-living index: 218 (Manhattan), 179 (Brooklyn), 158 (Queens)
Median monthly rent: $1,025 (average is $819) Hmm.
Average annual wage: $50,784
Unemployment rate: 9.4%
Percentage of Gen Y residents: 21.9%

There's no place for recent graduates quite like the Big Apple: the job prospects are exceptional and the culture and nightlife are without parallel. Yes, it's tough to live here. The cost-of-living is the highest in the continental U.S. Conveniences most Americans take for granted don't exist here, like places to park a car. Fortunately, however, there are still areas of the city where young professionals can eke out a living: Brooklyn's Prospect Heights has recently come into vogue, Sunnyside and Long Island City in Queens are youth-friendly, and the money you save on rent in Hoboken will help ease the stigma of being a "B&Ter" (bridge-and-tunneler - someone who works and spends time in Manhattan, but actually lives elsewhere).

PROS: Incomparable job opportunities, an extensive mass transportation system that makes car-owning superfluous and allows young adults to live well outside the city.

CONS: Expensive, sometimes ridiculously so. But hey, if you can make it there, you'll make it anywhere.