ROUND ROCK, TX — The Round Rock-Austin metropolitan area has once again claimed the title of the best-performing city in the nation, securing the coveted spot according to the Milken Institute's Best-Performing Cities (BPC) Index.
The Milken Institute's BPC Index ranks metropolitan areas based on economic vitality, considering factors such as the labor market, tech sector, and access to economic opportunities. This year, the assessment also incorporated metrics such as jobs, wages, high-tech growth, housing affordability, and broadband coverage. Notably, the index emphasized new criteria, including community resilience and income inequality.
Round Rock-Austin stood out due to its diverse economy and strategic investments in technology, healthcare, and education. The region's vibrant high-tech sector, along with rebounding leisure and hospitality sectors, contributed to its top-ranking position. The Milken Institute noted common themes among the top-performing cities, which included a robust high-tech sector, recovering leisure and hospitality sectors, and community resilience.
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The Top 10 Large U.S. Cities in the Milken Institute's BPC Index are as follows:
- Round Rock–Austin, TX
- Raleigh, NC
- Boise City, ID
- Salt Lake City, UT
- Provo–Orem, UT
- Nashville–Davidson–Murfreesboro–Franklin, TN
- Fayetteville–Springdale–Rogers, AR–MO
- Dallas–Plano–Irving, TX
- Olympia–Tumwater, WA
- Charlotte–Concord—Gastonia, NC–SC
Round Rock-Austin's top position reflects its continued economic success and resilience, making it a standout performer among metropolitan areas nationwide.
The complete report, including the study methodology, can be found at https://milkeninstitute.org/best-performing-cities.