When it comes to economic growth, Miami ranks among the best in the nation, according to a new list.
New York-based WalletHub ranked over 515 cities on economic growth over several years, considering over 17 separate areas to score each city as part of an index out of 100. Those metrics included population growth, job growth, building-permit activity, growth in businesses and other economic factors. The study broke the cities into three categories: large, more than 300,000, midsize, 100,000 to 300,000 and small, fewer than 100,000.
Other cities in the area included:
- Davie, No. 68
- Boca Raton, No. 69
- Boynton Beach, No. 92
- West Palm Beach, No. 111
Miami outranked Orlando and Tampa at Nos. 28 and 67 on the list.
The top cities in the U.S. include Bend, Oregon at No. 3, Mount Pleasant, South Carolina at No. 2 and Lehigh Acres, Florida at the No. 1. The bottom three included Erie, Pennsylvania; Canton, Ohio; and Shreveport, Louisiana as the lowest-ranked.
The ranking comes as metro Orlando led the state for job creation again in August, with a year-over-year gain of 51,600 jobs, according to the most recent data from the Florida Department of Economic Opportunity. Miami was at No. 2, with 28,500 jobs gained, while Tampa was No. 3, with 21,700 new jobs.