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Austin Slips to 6th in Best-Performing Cities Ranking

1/16/2025

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Summary

Story summary

Austin, TX fell to 6th in the Milken Institute's 2025 Best-Performing Cities report, down from 1st.
The drop is linked to reduced short-term job growth and ongoing housing affordability challenges.
Despite these issues, Austin excels in tech and wage growth, staying in the top 10 for over a decade.
Dallas dropped to 19th, while Raleigh, NC secured 1st place, driven by robust job and wage growth.

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Story summary

Austin, TX fell to 6th in the Milken Institute's 2025 Best-Performing Cities report, down from 1st.
The drop is linked to reduced short-term job growth and ongoing housing affordability challenges.
Despite these issues, Austin excels in tech and wage growth, staying in the top 10 for over a decade.
Dallas dropped to 19th, while Raleigh, NC secured 1st place, driven by robust job and wage growth.