I know an earlier poster had "2009 data," but I won't trust that until US News posts the breakdown for 2009 (which won't be for another year).
2007 Graduates Employment Location for Vanderbilt
Graduates employed in-state 15%
Graduates employed in foreign countries 2%
Number of states where graduates are employed 29
New England (CT, ME, MA, NH, RI, VT) 2.0%
Middle Atlantic (NY, NJ, PA) 12.0%
East North Central (IL, IN, MI, OH, WI) 13.0%
West North Central (IA, KS, MN, MO, NE, ND, SD) 1.0%
South Atlantic (DE, DC, FL, GA, MD, NC, SC, VA, WV) 32.0%
East South Central (AL, KY, MS, TN) 21.0%
West South Central (AR, LA, OK, TX) 7.0%
Pacific (AK, CA, HI, OR, WA) 7.0%
Mountain (AZ, CO, ID, MT, NV, NM, UT, WY) 3.0%
Employment location unknown 0.0%
Using the data (and common sense), the main places Vanderbilt grads appear to go to are:
Georgia > 20%
New York < 15%
I'm not sure what would go next, either IL or FL.
If you want to work in the south, Vanderbilt does well (it sends the same amount to New York as any other portable T50 private school).
However, the question is if it's worth sticker.
This is a very personal question.
Would you be comfortable being in the hole ~$200,000 within minimal job prospects if you finish outside of the top X% (due to the economy, no one can say - however, I will throw 20% out there for the purpose of the example)?
I think the OP should negotiate with a lower ranked school for a guaranteed full ride (or close to it).
I will say that Vanderbilt, while top notch, is a very strong regional school (minimal placement outside of the south - but it dominates there (not counting TX, of course - TN, GA, MS, AL, SC, maybe FL but I don't know about that one).
If the OP has no interest in those states, the OP should consider elsewhere anyway.