The Milken Institute released its annual Best-Performing Cities index last week ranking the Killeen-Temple-Fort Hood MSA (Metropolitan Statistical Area) as the ninth best performing MSA in Texas and 51st best performing MSA in the nation. Out of 200 large cities ranked nationally, the Killeen-Temple-Fort Hood MSA ranked third in the nation for five-year wages and salaries growth and eighth in the nation for five-year job growth.
These rankings show an improvement of three spots in the state from 12th in 2012 to ninth this year and 12 spots in the nation from 63rd last year to 51st in 2013. The study analyzed and ranked 200 MSAs with a population of more than 256,000. One hundred forty of the MSAs on this list have a larger population than the Killeen-Temple-Fort Hood MSA, estimated at 420,375, which makes this rank a great accomplishment.
The Milken Institute produces their Best-Performing Cities index annually to objectively measure which U.S. metropolitan areas are promoting economic vitality and to show where employment is stable and expanding, wages and salaries are increasing and economies and businesses are thriving. This report provides a fact-based, comprehensive metric system that highlights the job, wage and technology trends that shape current and future prospects.
The full report can be viewed at www.best-cities.org/bestcities.taf.