Austin-Round Rock, Texas, ranked first among large cities|@portlandia|Giphy
A recent report lists cities like Austin, Raleigh, Boise, Salt Lake City and Provo as top examples of economic success in the US in 2023. Factors such as high wages, job availability and thriving tech sectors have helped these cities prosper.
The Milken Institute’s latest report on Best Performing Cities analyzed data from 403 metro areas and introduced new metrics like income inequality and resilience in its assessment.
The best
Austin-Round Rock, Texas, ranked first among large cities, followed by Raleigh and Boise. Idaho Falls was the top-performing small city, with several other Idaho cities ranking highly.
Notably, California saw a significant drop in rankings due to wage growth deceleration and economic disparities.
What to expect moving forward?
The report notes shifts in employment trends towards landlocked states and the impact of the pandemic on urban dynamics.
Climate change, tech job migration and remote work patterns are expected to influence city fortunes in the US.