I found the solution on this page.
I was able to solve my path issue by running:
sudo ln -s /usr/local/lib/python2.7/site-packages/django/bin/django-admin.py /usr/local/bin/django-admin.py
This created a "Permission Denied" error though. I was able to solve that issue by running:
sudo chmod +x /usr/local/bin/django-admin.py
django-admin.py is now working.