This is the time of year where college graduates or recent graduates weigh whether or not to find a job in the city they currently live in, or if they should move elsewhere to find work. In anticipation of this millennial migration, Forbes ranked the top 25 cities for millennials, including the top neighborhood in each city.

And Chicago came in fourth place, behind only New York City, Austin, Texas, and Washington D.C.

Here is the breakdown of Chicago from Forbes:

4. Chicago, IL
Best Neighborhood for Millennials: Wicker Park
Percent of Population Age 25 – 34: 14%
Median Rent: $931
Median Income: $30,061
Crime Rate: Average*
Representative College: DePaul University

*Crime data from the FBI URI is incomplete for Chicago, Columbus, and Minneapolis-St. Paul, so each were assigned median crime values.

Forbes partnered with Niche.com to create the rankings. Here’s a description from Forbes of the factors that went into the rankings:

To create this ranking of the 25 Best Cities and Neighborhoods for Millennials, Niche.com analyzed the data of cities and metro areas with one million residents or more from the U.S. Census, FBI, and surveys of nearly half a million college students and graduates from over the past four years. Factors examined include percentage of the population identified as millennials (ages 25 to 34), median income, education level, and racial diversity.

The ranking also favors lower median rents, unemployment rates, and crime rates. Within cities, a similar subset of factors was used to determine the best neighborhood for millennials. User-generated survey data contributed on factors like nightlife, cultural attractions, shopping, and professional sports was also taken into consideration.

Here are the top 25 cities for millennials, including the top neighborhood in each city. Click here for a full breakdown of each of the top 25.

1. New York, NY
Best Neighborhood for Millennials: Greenpoint (Brooklyn)

2. Austin, TX
Best Neighborhood for Millennials: South River City

3. Washington, D.C.
Best Neighborhood for Millennials: Clarendon (Arlington)

4. Chicago, IL
Best Neighborhood for Millennials: Wicker Park

5. San Francisco, CA
Best Neighborhood for Millennials: Cow Hollow

6. Boston, MA
Best Neighborhood for Millennials: Spring Hill (Somerville)

7. Denver, CO
Best Neighborhood for Millennials: Speer

8. Dallas-Fort Worth, TX
Best Neighborhood for Millennials: Oak Lawn

9. Minneapolis-St. Paul, MN
Best Neighborhood for Millennials: North Loop

10. San Diego, CA
Best Neighborhood for Millennials: Little Italy

No. 11 San Jose, CA
Best Neighborhood for Millennials: Old Mountain View

No. 12 Raleigh, NC
Best Neighborhood for Millennials: Morrisville (Town)

No. 13 Seattle, WA
Best Neighborhood for Millennials: Eastlake

No. 14 Columbus, OH
Best Neighborhood for Millennials: Victorian Village

No. 15 Pittsburgh, PA
Best Neighborhood for Millennials: Shadyside

No. 16 Phoenix, AZ
Best Neighborhood for Millennials: Tempe (City)

No. 17 Los Angeles, CA
Best Neighborhood for Millennials: Palms

No. 18 Charlotte, NC
Best Neighborhood for Millennials: Third Ward

No. 19 New Orleans, LA
Best Neighborhood for Millennials: Lower Garden District

No. 20 Salt Lake City, UT
Best Neighborhood for Millennials: East Central

No. 21 Houston, TX
Best Neighborhood for Millennials: Midtown

No. 22 Indianapolis, IN
Best Neighborhood for Millennials: Fishers (Town)

No. 23 Richmond, VA
Best Neighborhood for Millennials: Shockoe Bottom

No. 24 Orlando, FL
Best Neighborhood for Millennials: Lake Eola Heights

No. 25 Atlanta, GA
Best Neighborhood for Millennials: Ardmore

Would Chicago still rank as high on this list for millennials in the future if the property taxes in the city go up? We might find out if Mayor Rahm Emanuel’s pension plan gets approved by Gov. Pat Quinn. Without the pension reform though, Chicago faces fiscal doom. So while some are calling for a city income tax as an alternative to raising property taxes in an effort to solve the pension crisis, Chicago’s future fiscal health might make millennials disappear from the city much the same way the middle class has over the past 40 years.

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