Amidst the gloom and doom, there’s some good news to report about metro Montgomery. Among large metro areas, Montgomery ranked 38 in the Best Performing Cities in 2008 survey conducted by the Milken Institute/Greenstreet Real Estate Partners. The Best Performing Cities ranking depicts those U.S. metropolitan areas that are recording the top economic performance.
Cities were ranked according to how well they are creating and sustaining jobs and economic growth. The ranking depicts those U.S. metropolitan areas that are recording the top economic performance for wage and salary growth.
Nationally, Montgomery ranked #38 in wage and salary growth for 2008, moving up from the #76 ranking in 2007. In other rankings, Montgomery is # 71 for 5-year job growth, and #65 for 1-year job growth. In Alabama, Montgomery ranked second behind Huntsville, which ranked as the #5 metro area overall.