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WASHINGTON, D.C. – When you think of hot, hip places to live, New York or L.A. may come to mind. But according to a new survey, K Street has become the new Wall Street.

When you think booming economy, cosmopolitan living and hip and cutting edge, D.C. is now the place to be.

“I think for young people, it’s a great place to start out your career,” says Anita Bhatia, a D.C. based Attorney

The nation’s capital is expected to emerge as the number one post-recession hot spot, tying with Seattle.

D.C. resident Amy Fisher says, “D.C. has always been a cool and hip place.”

According to a study conducted by the Wall Street Journal, D.C. takes the crown for hottest, hippest destinations for educated workers in their 20s.

“It’s a good place to live, an exciting place to live,” says William Frey with the Brookings Institution, a Washington, D.C. based think tank.

Frey was one of the panelists that ranked the cities. He says D.C. beats out others namely because of its job opportunities.

“With the downturn in the financial sector in New York City, the government looks much more attractive to people, whether they are taking government jobs or private sector jobs that link to the government.”

In fact, many are calling K Street the new Wall Street. The corridor is bustling with lobbying, law and accounting firms.

Barbara Lang, CEO of the D.C. Chamber of Commerce, says the city’s cultural scene also sets it above the rest.

“There is such excitement in our city now,” said Lang. “The restaurant scene is almost rivaling New York now. So, there are lots of good things happening in the District of Columbia.”

Read more here.