From Wichita, Kansas to Chesapeake, Virginia, these are the 10 best cities for veterans to live and work. (via CNBCMakeIt)
to find out where veterans are thriving most after returning home. The ranking takes into account six metrics: Number of residents who are veterans, veteran unemployment rate, veteran labor force participation rate, veteran poverty rate, median veteran income and rent as a percentage of income for veterans.
The state of Virginia, which is home to the Department of Defense headquarters, made a strong showing with three Virginia cities taking the top spots: Chesapeake, Arlington and Virginia Beach. Chesapeake took the top spot due to its above-average share of veteran residents participating in the labor force. Veterans there earn a median annual income of nearly $57,000, and they can generally keep their housing costs to a quarter of their earnings.
Veterans in Arlington earn a median salary of nearly $96,000 per year, the highest income within the ranking. Meanwhile, veterans make up 18% of residents in Virginia Beach, meaning that those returning home have a strong community for support during the transition.make up just over 7% of the U.S. population 18 years and over. Outside of Virginia, the best cities for veterans are concentrated in the Midwest, South, West and as far out as Alaska.
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