Austin MSA named best performing American city for 2013
Each year, the Milken Institute's 2013 Best Performing Cities Index identifies the decline and growth of major cities across the United States. The Index takes into consideration areas including the short and long-term growth in job numbers, wages and salary and the concentration and size of high-tech industries. It provides all industries with another perspective of how the country is performing and its progress.
The 2013 Index identified the Austin Metropolitan Statistical Area (MSA) as the top performing MSA for the year. The table below identifies the Index's top 10. Three of the top 10 and seven of the top 25 are in Texas while, interestingly, Colorado and California both have four MSAs in the top 25. Read the Milken Institute's report and find out the top 25 MSAs here.
|Metropolitan Statistical Area (MSA)||2013 Rank||2012 Rank|
|Austin-Round Rock-San Marcos, TX||1||2|
|San Fransisco-San Meteo-Redwood City, CA||3||36|
|San Jose-Sunnyvale-Santa Clara, CA||4||1|
|Salt Lake City, UT||5||6|
|Houston-Sugar Land-Baytown, TX||8||4|
An article in The Atlantic Cities by Richard Florida gives an insight into the rankings and an analysis as to how and why each city has been ranked by the Milken Institute. The Index shows that San Fransisco as the biggest mover in the top 10, jumping up a whopping 33 places from 36 in 2012 to 3 in 2013 while the smaller city of Greeley in Colorado also made a significant jump into the top 10 leaping 32 spots to scrap into 10th in 2013.
The Index provides another perspective and insight into how the United States is rebounding from the recession of 2008/2009, ideal for architects and builders who are watching the market slowly grow once again.