High Growth Markets Offer Metro Affordability and Skilled Labor
Feb 1, 2022, 09:46 AM
by
Matt Mowell
Cities with the highest growth prospects tend to have both highly skilled workforces and moderately priced housing. Basically, a skilled labor force attracts high-productivity firms, while cheaper housing attracts labor.
These cities are clustered within the lower right quadrant of the chart and include high-growth cities across the Southeast (e.g., Raleigh, Atlanta), Texas and the Mountain time zone. These cities benefit not only from growth in high-tech sectors, but robust in-migration from pricier markets that drives growth in localized sectors, such as construction, retail and health care.