Peachtree Street’s a fine place to get your interning on. Photo courtesy of Flickr user k1ng. Licensed under CC BY-SA 2.0.Start spreading the news, I’m leaving today. I want to be a part of it – New York, New York.

You certainly were hearing this after the Yankees started their season on Opening Day this year, but it’s not what you want to be singing if you want an internship this summer. Or Chicago, L.A., D.C., San Fran, or Minneapolis.

What you would want to be singing is more like Alabama’s Song of the South. Richmond, Charlotte, Dallas-Fort Worth, and Atlanta offer some of the best values for cost-of-living and some nice Fortune 500 companies. Don’t forget the Midwest though – St. Louis, Englewood, CO, and Omaha also top the list, with the rare Northeast example being the Steel City – Pittsburgh, PA.

Why the South and Midwest? Lower costs of living make your unpaid internship means getting more bang for your intellectual buck. As much as I’d love to intern for my favorite baseball team – the OTHER New York baseball team, my beloved Mets – the cost of living in NYC is worlds above the cost of living in Gainesville or the rest of Florida for that matter. If there’s a comparable option somewhere closer or somewhere cheaper, it might be worth it for you to seek that out rather than to get starry-eyed by L.A., NYC, or D.C.

For more information, check out Money.Bundle’s article here.