Texas Dominates Best-Performing Cities Index
The Milken Institute’s annual survey of Best-Performing Cities reveals that, for the second year in a row, other states can’t mess with Texas. San Antonio led the list of 200 large metro areas, and Houston was first among the 10 biggest. In fact, Texas metros occupied four of the Top 5 positions (vs. three last year), and nine of the Top 25 (vs. 11 in 2010).
Utah also turned in an impressive performance with three metros (Salt Lake City, Provo and Ogden) in the Top 25 vs. one last year. It was the only state whose exports have doubled over the past five years.
What did it take to lead the list? Some common threads among the best performers included a boom in energy production, higher demand for business equipment and resilient housing markets.
The 2011 Milken Institute Best-Performing Cities Index ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth. The components include job, wage and salary, and technology growth. In most years, these give a good indication of the underlying structural performance of regional economics.
SOURCE: Milken Institute