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Three of the Best-Performing Cities are in the Carolinas

Raleigh is #2 on the List of the Best Performing Cities

The Milken Institute recently released their 2008 study of the “Best Performing Cities,” and North and South Carolina are both represented in the top 10. Coming in at #2 is the Raleigh-Cary region of North Carolina. Wilmington, NC made the list at #6, falling from last year’s second place ranking. And Charleston, SC rounds up the top ten at #10. With three cities in the top 10, the Carolinas make up 33% of the best performing cities in the nation. The Milken Institute considers economic growth and job creation as the two contributing factors that make a city a top performer, which is no suprise because those two factors weigh heavily on a city’s economic stability. And it is sort of a domino effect from economic stability – the higher the job growth, the more of an increase in population; the more people are moving to a city, the more stable the real estate market, and so on. Take comfort in the fact that you’re living in a top performing city in the nation because it can only mean good things for now and the future. The full top 10 list is: Continue reading