This week, the Milken Institute released it’s “Best-Performing Cities (BPC) 2024: Focus on Sustainable Growth and Resilience” Report which evaluates the performance of 403 metropolitan areas across the US based on 13 indicators that cover labor market conditions, high-tech impact, and access to economic opportunities. Ogden-Clearfield, MSA leaps up to the #2 rank for Best Performing Large City 2024.
As the post-pandemic economy reaches a new status quo, metropolitan areas remain at the heart of the nation’s growth. Almost 6 million new jobs were created across US metro areas during 2022. Simultaneously, interest rates on mortgages more than doubled, adding to the attractiveness of locations offering jobs with higher wages and lower costs of living.
Along with affordability, sustainability of growth is a matter of increased importance when ranking the Best-Performing Cities. The COVID-19 pandemic, coupled with recent weather-related events such as storms and floods, has focused attention on cities’ resilience to natural and economic disasters. Recognizing the importance of sustainable and equitable growth, this year’s BPC ranking incorporates a community resilience metric that summarizes the ability of a metropolitan area to recover from various kinds of disasters. Also incorporated into this year’s index is a new measure of income inequality that accounts for the social sustainability of growth (with cities with lower inequality ranked higher).
The Best-Performing Cities (BPC) 2024 ranking provides a comprehensive assessment of cities’ performance. Flip through the report to read more.
