Unlocking Economic Potential: Best-Performing Cities 2024 Report Emphasizes Sustainable Growth and Resilience, by Milken Institute
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Dive into the Best-Performing Cities (BPC) of 2024 with Milken Institute! Their latest rankings meticulously evaluate the performance of 403 metropolitan areas across the US, analyzing 13 key indicators including labor market conditions, high-tech impact, and access to economic opportunities.
As the post-pandemic economy evolves, metropolitan areas remain at the forefront of the nation's growth. With nearly 6 million new jobs created in US metro areas during 2022, the landscape is rapidly changing. As interest rates on mortgages soared, locations offering higher wages and lower costs of living gained prominence.
In pursuit of ranking the Best-Performing Cities, Milken Institute prioritizes not just affordability but also the sustainability of growth. The COVID-19 pandemic and recent weather-related events have highlighted the importance of cities' resilience to natural and economic disasters. Hence, their 2024 BPC ranking incorporates a new community resilience metric, alongside a measure of income inequality, reflecting our commitment to sustainable and equitable growth.
Explore the comprehensive assessment provided by the Best-Performing Cities (BPC) 2024 report, authored by the Milken Institute.
Highlights from the 2024 Rankings:
• Austin–Round Rock, TX, ascends to the top spot among large cities.
• Provo–Orem, UT, relinquishes its top rank due to labor market declines.
• The majority of top-ranking metropolitan areas are situated in landlocked states.
• Idaho emerges as a hotspot, with four of the top-tier small metros located within its borders.
Don't miss out on the insights and trends shaping economic performance across the nation. Download the full report here.