Best Performing Cities 2009 by Milken Institute

Milken Institute has announced 2009 Best Performing Cities.

2009 Best Performing Cities - 200 Largest Metros http://bit.ly/259K47

They analyze metropolitan area in US in the following criteria:

- Job growth (I=2003) 0.143
- Job growth (I=2007) 0.143
- Wage-and-salary growth (I=2002) 0.143
- Wage-and-salary growth (I=2006) 0.143
- Short-term job growth (Mar08-Mar09) 0.143
- Relative high-tech GDP growth (I=2003) 0.071
- Relative high-tech GDP growth (I=2007) 0.071
- High-tech GDP location quotient 0.071
- Number of high-tech industries with GDP LQ>1 0.071

Here is the ranking of Top 50 US metropolitan areas:

- Metros in Texas rules! Starting from Austin, Top 5 are in Texas metros.

- After Texas cities, high tech cities such as Seattle and Portland and government spending boom Washington DC are doing well.

- Worst performing metros are 1) rust belt cities such as Detroit and Cleveland and 2) real estate bust cities such as Miami and Tampa.

Rank	Metropolitan area	Index
1	Austin-Round Rock, TX MSA	100
2	Houston-Sugar Land-Baytown, TX MSA	363
3	San Antonio, TX MSA	387
4	Fort Worth-Arlington, TX MD	391
5	Dallas-Plano-Irving, TX MD	396
6	Seattle-Bellevue-Everett, WA MD	498
7	Washington-Arlington-Alexandria, DC-VA-MD-WV MD	544
8	Portland-Vancouver-Beaverton, OR-WA MSA	647
9	New York-White Plains-Wayne, NY-NJ MD	653
10	Cambridge-Newton-Framingham, MA MD	685
11	Charlotte-Gastonia-Concord, NC-SC MSA	709
12	San Jose-Sunnyvale-Santa Clara, CA MSA	733
13	Kansas City, MO-KS MSA	758
14	Denver-Aurora, CO MSA	770
15	Boston-Quincy, MA MD	790
16	Baltimore-Towson, MD MSA	803
17	Nassau-Suffolk, NY MD	824
18	San Diego-Carlsbad-San Marcos, CA MSA	896
19	San Francisco-San Mateo-Redwood City, CA MD	898
20	Virginia Beach-Norfolk-Newport News, VA-NC MSA	914
21	Phoenix-Mesa-Scottsdale, AZ MSA	953
22	Philadelphia, PA MD	963
23	Nashville-Davidson--Murfreesboro--Franklin, TN MSA	973
24	Orlando-Kissimmee, FL MSA	981
25	Riverside-San Bernardino-Ontario, CA MSA	992
26	Atlanta-Sandy Springs-Marietta, GA MSA	1001
27	Las Vegas-Paradise, NV MSA	1004
28	Columbus, OH MSA	1010
29	Pittsburgh, PA MSA	1016
30	Sacramento--Arden-Arcade--Roseville, CA MSA	1065
31	Santa Ana-Anaheim-Irvine, CA MD	1085
32	Minneapolis-St. Paul-Bloomington, MN-WI MSA	1086
33	Indianapolis-Carmel, IN MSA	1091
34	St. Louis, MO-IL MSA	1116
35	Fort Lauderdale-Pompano Beach-Deerfield Beach, FL MD	1150
36	Cincinnati-Middletown, OH-KY-IN MSA	1164
37	Los Angeles-Long Beach-Glendale, CA MD	1165
38	Jacksonville, FL MSA	1179
39	Newark-Union, NJ-PA MD	1181
40	Oakland-Fremont-Hayward, CA MD	1193
41	Edison-New Brunswick, NJ MD	1195
42	Chicago-Naperville-Joliet, IL MD	1195
43	Milwaukee-Waukesha-West Allis, WI MSA	1211
44	Tampa-St. Petersburg-Clearwater, FL MSA	1296
45	Memphis, TN-MS-AR MSA	1342
46	Miami-Miami Beach-Kendall, FL MD	1348
47	Cleveland-Elyria-Mentor, OH MSA	1442
48	Providence-New Bedford-Fall River, RI-MA MSA	1491
49	Warren-Troy-Farmington Hills, MI MD	1671
50	Detroit-Livonia-Dearborn, MI MD	1703

* It is important to note that this ranking emphasize past 5 year track record and high-tech strength. Therefore, high-tech cities (like Austin, Seattle and Portland) and real estate bubble cities (like Las Vegas, Phoenix and Riverside) are doing relatively well.

Where is your city located?

Happy Investing!!!