Austin Ranks Fourth on Milken’s Top 25 Best Performing Cities
published on January 20, 2016
The San Jose-Sunnyvale-Santa Clara, California metro ranked first, followed by the San Francisco-Redwood City-South San Francisco, California metro, and then Provo-Orem, Utah. Dallas-Plano-Irving rounded out the top five. The only other Texas metro to appear on the top 25 list was San Antonio-New Braunfels at number 12.
While Texas’ total of three cities on the list is strong comparatively, the total was down from previous years. For example, 2014 saw seven Texas metros on the list. The report cited a “slowdown in shale-oil exploration” for the drop.
Some of the rankings for the Austin metro:
- 2nd in Job Growth from 2009-2014
- 12th in Job Growth from 2013-2014
- 3rd in Wage Growth from 2008-2013
- 25th in Wage Growth from 2012-2013
- 10th in High-Tech GDP Growth from 2009-2014
- 9th in High-Tech GDP Concentration in 2014
Also noted was Austin’s housing demand, which the report states has “returned to pre-housing crisis levels despite prices rising at an 8 percent year-over-year pace in recent months.”
The report says, “Austin seems poised to remain among the best performers in the years ahead.”
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