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Fri December 13, 2013
Lexington Makes Major Gains In Best-Performing Cities Index
Lexington jumped 93 spots on an annual “Best Cities” list this year.
The 2013 Milken Institute Best-Performing Cities Index ranks the nation's 200 large metropolitan areas and 179 smaller metros by how well they are creating and sustaining jobs and economic growth. In 2012, Lexington ranked 137th. This year, the city moved to 44th. Louisville ranked 58th.
The rankings are calculated by way of several economic indicators including job, wage and salary, and technology growth. In most years, The Milken Institute, a non-partisan think tank based in California, says those numbers generally provide a reliable picture of the underlying structural performance of a region.
Unlike other "best places" rankings, the best-performing cities index does not utilize quality-of-life measures, such as housing costs or commute times. Instead, employment growth is given the most weight.