economic_indicators

 

 

 

 

 

 

Milken Institute’s 2016 Best-Performing Large Cities:

In a ranking of the 200 largest MSAs, the Memphis metro ranks #149.   That was a significant move up the list from 2015 when the  region ranked #182, a change of 33 spots, which places Memphis in the top 20 cities with highest jumps.

Memphis MSA’s most impressive gains were in high-tech, particularly in GDP growth from 2014-15 where it ranked #20.

Here are other relevant cities’ rankings:

#1 – San Jose-Sunnyvale-Santa Clara

#2 – Austin-Round Rock

#6 – Raleigh

#7 – Nashville-Davidson-Murfreesboro-Franklin

#12 – Charlotte-Concord-Gastonia

#21 – Atlanta-Sandy Springs-Roswell

#24 – San Antonio-New Braunfels

#39 – Jacksonville

#57 – Louisville/Jefferson County

#80 – Knoxville

#84 – Cincinnati

#87 – Indianapolis-Carmel-Anderson

#92 – Kansas City

#101 – Chattanooga

#103 – Oklahoma City

#107 – Baltimore-Columbia-Towson

#111 – Detroit-Dearborn-Livonia

#128 – St. Louis

#132 – Tulsa

#149 – Memphis, TN-MS-AR

#150 – Pittsburgh

#151 – Cleveland-Elyria

#162 – Milwaukee-Waukesha-West Allis

#163 – Jackson, MS

#173 – Birmingham-Hoover

#177 – Buffalo-Cheektowaga-Niagara Falls

#188 – Syracuse

#169 – Rochester, NY

#200 – Shreveport-Bossier City

Memphis MSA’s Ranking by Factors:

#136 – Jobs growth (2010-15)

#123 – Jobs growth (2014-15)

#155 – Wage growth (2009-14)

#168 – Wage growth (2013-14)

#168 – Short-term jobs growth (2015-2016)

#48 – High tech GDP growth (2010-15)

#20 – High-tech GDP growth (2014-15)

#142 – High-tech GDP concentration (2015)

#115 – Number of high-tech industrials with LQ>=1 (2015)

Note: The Milken Institute’s Best-Performing Cities Index provides an objective benchmark for examining the underlying factors and identifying unique characteristics of economic growth in metropolitan areas.  The index uses a fact-based set of metrics such as job creation, wage gains, and technology developments to evaluate the relative growth of metro areas.

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