With inflation easing and the US economy experiencing continued growth, the turbulence triggered by the COVID-19 pandemic is now largely behind us. In this post-pandemic landscape, metropolitan areas remain the hubs of economic activity. In 2023, US metros collectively grew by 2.6 percent in real GDP, contributing to 91.1 percent of the nation’s overall economic growth. Recognizing their critical role, the Best-Performing Cities (BPC) index evaluates the relative economic performance of 403 metropolitan areas, providing valuable insights into the strengths and vulnerabilities of these economic powerhouses.
The BPC index utilizes 13 key metrics, combining labor market conditions, high-tech industry growth, and access to economic opportunities. This comprehensive approach captures emerging trends and significant shifts in the US economy, offering a detailed benchmark for metro performance.
Our report and interactive online tool break down the components of the BPC index, delivering actionable insights into the factors driving short- and medium-term economic performance in US metropolitan areas. Policymakers, government officials, and business leaders can leverage this analysis to craft targeted strategies for fostering sustainable growth in the metros that drive America’s economy.

Maggie Switek, PhD

Brock Smith

Abigail Humphreys
Related Content
-
Investing in America: Reauthorization of the Economic Development Administration
Witness List Dennis Alvord, Acting Assistant Secretary for Economic Development, U.S. Department of Commerce Lisa Cooper, Executive Director, Northern Kentucky Area Development District; on behalf of the National Association of Development...View TestimonyImageDan Carol
Senior Director, Milken Institute FinanceDan Carol is a senior director on the Milken Institute Finance team. He leads Institute programming to accelerate effective deployment and financing of community-scale and climate resilient infrastructure, scale up regional innovation, and scale-up public-private partnerships. -
Wisdom in the Workforce: Unlocking the Economic Value of Asia’s Aging Population
Older populations are growing rapidly in a number of Asian countries. As working people reach age milestones and exit the labor force, questions arise: How will the traditional retirement years be financed? What will the future hold for...Read Report11 11Anusuya Chatterjee, Donald Markwardt, and Perry Wong -
Best-Performing Cities 2024: Focus on Sustainable Growth and Resilience
The Best-Performing Cities (BPC) 2024 rankings evaluate 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.View Research -
Milken Institute and California State Treasurer Highlight Ways Green Bonds Can Help Close Multi-Trillion Dollar Financing Gap to Repair U.S. Infrastructure
LOS ANGELES, August 7, 2018 – The challenge of fixing America’s deteriorating infrastructure and making it more resilient to the effects of extreme weather and climate change underscores the need for a more robust green bond market...Read Article -
New-to-Export 101 - Strengthening the Capacity of U.S. Regional Economies to Export Abroad
In 2016, the Milken Institute launched New-to-Export 101, a program designed to increase the number of local manufacturers exporting their products abroad by simplifying the export experience and improving the delivery of export-enabling...Read Report11 11Carolyn Schulman and Michael Jarand -
Exploring the Role of Microbusinesses in Economic Growth and Recovery for US Cities
The Milken Institute’s 2021 Best-Performing Cities (BPC) index compares the recent performance of metro areas with a focus on job growth, wage growth, and high-tech GDP growth. Additional measures of broadband access and housing...Read Report -
Hangzhou Rises Seven Places to Rank First in the Milken Institute’s Best-Performing Cities China 2023-2024 Index
Beijing, CHINA September 3 2024—Hangzhou, the capital of China’s Zhejiang province and an emerging e-commerce hub, is ranked as China’s best-performing city in 2023-2024, according to the recently released Milken Institute’s Best-Performing...Hangzhou, the capital of China’s Zhejiang province and an emerging e-commerce hub, is ranked as China’s best-performing city in 2023-2024, according to the recently released Milken Institute’s Best...
ImageYeen Chong
Associate Director, Milken Institute InternationalYeen Chee Chong is an associate director for Milken Institute International. Based in Singapore, he oversees and manages strategic communications with a wide range of global and regional media publications and partners. Chong works closely with colleagues in both Asia and the United States on planning and implementing global public relations and social media campaigns. -
Chengdu Tops List of Best Performing Cities in China
Milken Institute analysis demonstrates impact of policymaking on jobs, wages, gross regional product and other measures in China’s cities BEIJING, September 11, 2017 – Chengdu, the booming capital of Sichuan province in Western China, is...Read Article -
A Hollywood Exit: What California Must Do to Remain Competitive in Entertainment - and Keep Jobs
California's stronghold on the entertainment industry is loosening as production jobs are lured to other locations due to production credits and other tax breaks. Between 2004 and 2012, the state lost more than 16,000 jobs in filmed...Read ReportImageKevin Klowden
Executive Director, Milken Institute FinanceKevin Klowden is the executive director of Milken Institute Finance. He specializes in the study of key factors that underlie the development of competitive regional economies (clusters of innovation, patterns of trade and investment, and concentration of skilled labor) and how these are influenced by public policy and, in turn, affect regional economies both globally and nationally. -
Sharing the Cost: Accelerating Water Resilience through Infrastructure Finance in California
Beyond the intensifying drought and widening infrastructure inefficiencies, there are billions of dollars worth of unmet operation and maintenance costs and system improvements currently to be found in the State Water Project and Central...Read Report11 11Matt Horton and Alissa Dubetz -
Milken Institute Releases Global Opportunity Index 2023
Washington, DC (February 13, 2023) – The Milken Institute released its Global Opportunity Index (GOI), which explores the economic landscape of countries worldwide to help businesses make investment decisions and governments identify...Read ArticleImageChad Clinton
Director, Media RelationsChad Clinton is the director of media relations for the Milken Institute. Hired to this role in August 2021, Clinton develops and executes strategies to amplify the Institute’s core messages by generating coverage of its pillar workstreams, experts, and events. -
Currency Manipulation Provisions Do Not Belong in Trade Agreements
Demands for provisions to stop currency manipulation by foreign governments have become central to the congressional debate over proposed trade agreements, including the Trans-Pacific Partnership and Transatlantic Trade and Investment...Read Report