Cary-Raleigh-Morrisville As Top-Ranking Region in New Milken Institute Report

Cary, NC – With low unemployment and wage growth that outpaces most cities, the Cary-Raleigh-Morrisville economy stands out in North Carolina. But a recent study shows the region is even more exceptional, ranking second out of all American metropolitan areas for performance in 2017.

Second in the Nation

In a new report by the Milken Institute, the Raleigh Metropolitan Statistical Area (MSA), which includes Cary and Morrisville as well as other surrounding towns and smaller cities, ranked second in a nationwide study of best-performing large cities. The Raleigh MSA beat out significant cities and regions such as Dallas, Austin and San Francisco.

The study showed a number of areas where the Raleigh MSA stood out in wage growth, concentration of high-tech industries and job growth. In particular, the region ranked fourth in the nation when it came to short-term job growth.

 

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