Monday, January 28, 2013

San Jose Named Best-Performing City of 2012

Typically I would save a stat post like this for Saturdays, but this one is so good that I had to make it a Monday post. The Milken Institute has named San Jose the best performing city of 2012. This is based on increased job growth, increases in salaries and wages, and GDP/productivity growth. Last year San Jose was ranked #51 on the list, so the improvement has been dramatic.

San Francisco is #36 on the list and New York is at #11. For those who misguidedly think tech is migrating up north, high tech GDP per capita is over 220% higher in San Jose than it is in SF (and that's including San Mateo, Redwood City, Menlo Park, etc as part of SF).

Source: Milken Institute

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