Valley makes huge jump in annual ‘best performing cities’ ranking

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Phoenix is outperforming other U.S. cities in landing finance sector jobs

By Tim Gallen | Phoenix Business Journal

The Phoenix region saw a big jump in the latest ‘Best Performing Cities’ rankings from the Milken Institute.

The Valley climbed 20 spots to land at No. 20 on the prestigious annual list, which measures the economic vitality of the 200 largest metro areas in the U.S. as well as 201 small cities. The rankings are based on several key metrics, including growth in jobs, wages and salaries, as well as technology output.

Milken Institute officials said its rankings help policymakers, investors and companies understand where local economies are thriving — and in the case of some markets, where they are not.

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