Posted on 03/12/2023 9:01:39 PM PDT by SeekAndFind
In the infographic below, Visual Capitalist’s Avery Koop and Joyce Max rank the economic output of the top 15 U.S. cities from New York City to Minneapolis, using data from the U.S. Bureau of Economic Analysis. The data covers 2021, which is the most recent release from BEA.
It’s important to note that the data considers entire surrounding metropolitan areas, so as an example, New York City includes neighboring population centers such as Newark, NJ, as well as Jersey City—reaching a GDP of nearly $2 trillion.
Measuring a city’s economy at the metro level can provide a more accurate representation of its economic activity. This is because the metropolitan areas include not only the central city but also the surrounding suburban and rural areas that are economically connected to it.
There are some obvious winners when it comes to the largest U.S. cities by GDP, including NYC, Los Angeles, Dallas, and San Francisco.
In the table below, we’ve listed each of the 384 metropolitan areas out of the dataset all the way down to last place, Sebring-Avon Park, Florida, alongside respective ranks and GDP:
Rank | City | GDP (in thousands) |
---|---|---|
#1 | New York-Newark-Jersey City, NY-NJ-PA | $1,992,779,274 |
#2 | Los Angeles-Long Beach-Anaheim, CA | $1,124,682,354 |
#3 | Chicago-Naperville-Elgin, IL-IN-WI | $764,583,227 |
#4 | San Francisco-Oakland-Berkeley, CA | $668,677,573 |
#5 | Washington-Arlington-Alexandria, DC-VA-MD-WV | $607,628,505 |
#6 | Dallas-Fort Worth-Arlington, TX | $598,333,263 |
#7 | Houston-The Woodlands-Sugar Land, TX | $537,066,232 |
#8 | Boston-Cambridge-Newton, MA-NH | $531,671,846 |
#9 | Seattle-Tacoma-Bellevue, WA | $479,966,484 |
#10 | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $477,580,629 |
#11 | Atlanta-Sandy Springs-Alpharetta, GA | $473,823,474 |
#12 | Miami-Fort Lauderdale-Pompano Beach, FL | $417,147,866 |
#13 | San Jose-Sunnyvale-Santa Clara, CA | $410,418,579 |
#14 | Phoenix-Mesa-Chandler, AZ | $316,090,586 |
#15 | Minneapolis-St. Paul-Bloomington, MN-WI | $296,969,112 |
#16 | Detroit-Warren-Dearborn, MI | $283,660,258 |
#17 | San Diego-Chula Vista-Carlsbad, CA | $267,973,544 |
#18 | Denver-Aurora-Lakewood, CO | $253,399,051 |
#19 | Baltimore-Columbia-Towson, MD | $222,967,241 |
#20 | Riverside-San Bernardino-Ontario, CA | $213,183,465 |
#21 | Charlotte-Concord-Gastonia, NC-SC | $207,866,150 |
#22 | Austin-Round Rock-Georgetown, TX | $193,773,558 |
#23 | Tampa-St. Petersburg-Clearwater, FL | $190,708,533 |
#24 | St. Louis, MO-IL | $187,569,544 |
#25 | Portland-Vancouver-Hillsboro, OR-WA | $186,570,323 |
#26 | Cincinnati, OH-KY-IN | $171,737,526 |
#27 | Pittsburgh, PA | $168,021,049 |
#28 | Orlando-Kissimmee-Sanford, FL | $167,279,974 |
#29 | Nashville-Davidson–Murfreesboro–Franklin, TN | $163,031,737 |
#30 | Indianapolis-Carmel-Anderson, IN | $162,062,985 |
#31 | Sacramento-Roseville-Folsom, CA | $160,542,566 |
#32 | Columbus, OH | $154,509,800 |
#33 | Kansas City, MO-KS | $154,328,892 |
#34 | Cleveland-Elyria, OH | $147,637,827 |
#35 | San Antonio-New Braunfels, TX | $144,384,474 |
#36 | Las Vegas-Henderson-Paradise, NV | $136,198,676 |
#37 | Salt Lake City, UT | $118,494,536 |
#38 | Milwaukee-Waukesha, WI | $111,479,649 |
#39 | Raleigh-Cary, NC | $108,288,115 |
#40 | Virginia Beach-Norfolk-Newport News, VA-NC | $107,067,798 |
#41 | Hartford-East Hartford-Middletown, CT | $106,507,622 |
#42 | Jacksonville, FL | $101,367,263 |
#43 | Richmond, VA | $99,388,754 |
#44 | Bridgeport-Stamford-Norwalk, CT | $98,751,750 |
#45 | Providence-Warwick, RI-MA | $96,913,356 |
#46 | Oklahoma City, OK | $86,662,243 |
#47 | Memphis, TN-MS-AR | $86,493,147 |
#48 | Louisville/Jefferson County, KY-IN | $82,866,115 |
#49 | New Orleans-Metairie, LA | $81,829,573 |
#50 | Buffalo-Cheektowaga, NY | $76,991,435 |
#51 | Albany-Schenectady-Troy, NY | $73,995,509 |
#52 | Omaha-Council Bluffs, NE-IA | $73,876,512 |
#53 | Birmingham-Hoover, AL | $70,874,148 |
#54 | Rochester, NY | $69,341,714 |
#55 | Grand Rapids-Kentwood, MI | $68,401,313 |
#56 | Urban Honolulu, HI | $67,383,319 |
#57 | Des Moines-West Des Moines, IA | $61,171,285 |
#58 | Durham-Chapel Hill, NC | $60,814,699 |
#59 | Tulsa, OK | $60,392,165 |
#60 | Oxnard-Thousand Oaks-Ventura, CA | $58,332,732 |
#61 | New Haven-Milford, CT | $57,541,201 |
#62 | Madison, WI | $56,636,713 |
#63 | Baton Rouge, LA | $56,199,218 |
#64 | Worcester, MA-CT | $54,941,620 |
#65 | Knoxville, TN | $52,343,257 |
#66 | Greenville-Anderson, SC | $52,328,843 |
#67 | Bakersfield, CA | $52,239,044 |
#68 | Allentown-Bethlehem-Easton, PA-NJ | $50,960,155 |
#69 | Charleston-North Charleston, SC | $50,704,392 |
#70 | Tucson, AZ | $50,231,611 |
#71 | Fresno, CA | $49,987,063 |
#72 | Dayton-Kettering, OH | $49,548,210 |
#73 | Albuquerque, NM | $49,480,431 |
#74 | Columbia, SC | $48,214,448 |
#75 | Syracuse, NY | $46,414,861 |
#76 | Greensboro-High Point, NC | $45,574,221 |
#77 | North Port-Sarasota-Bradenton, FL | $44,746,013 |
#78 | Harrisburg-Carlisle, PA | $43,867,213 |
#79 | Trenton-Princeton, NJ | $43,633,044 |
#80 | Boise City, ID | $43,601,402 |
#81 | Colorado Springs, CO | $43,522,096 |
#82 | Little Rock-North Little Rock-Conway, AR | $42,669,983 |
#83 | Midland, TX | $42,035,915 |
#84 | Akron, OH | $41,058,875 |
#85 | Wichita, KS | $40,586,374 |
#86 | Toledo, OH | $40,546,884 |
#87 | Cape Coral-Fort Myers, FL | $39,813,620 |
#88 | Poughkeepsie-Newburgh-Middletown, NY | $39,375,465 |
#89 | Portland-South Portland, ME | $39,089,209 |
#90 | Winston-Salem, NC | $38,504,784 |
#91 | El Paso, TX | $37,507,586 |
#92 | Springfield, MA | $37,189,530 |
#93 | Provo-Orem, UT | $36,866,060 |
#94 | Stockton, CA | $36,790,065 |
#95 | Reno, NV | $35,471,910 |
#96 | Ogden-Clearfield, UT | $35,071,325 |
#97 | Santa Rosa-Petaluma, CA | $34,450,601 |
#98 | Chattanooga, TN-GA | $34,425,793 |
#99 | Huntsville, AL | $34,086,472 |
#100 | Santa Maria-Santa Barbara, CA | $33,306,884 |
#101 | Boulder, CO | $33,182,418 |
#102 | Lakeland-Winter Haven, FL | $33,144,404 |
#103 | Fayetteville-Springdale-Rogers, AR | $33,102,945 |
#104 | Vallejo, CA | $33,100,194 |
#105 | Lancaster, PA | $33,048,548 |
#106 | Lexington-Fayette, KY | $32,851,535 |
#107 | Manchester-Nashua, NH | $32,729,580 |
#108 | Spokane-Spokane Valley, WA | $32,178,609 |
#109 | Augusta-Richmond County, GA-SC | $31,718,339 |
#110 | Jackson, MS | $30,785,111 |
#111 | Salinas, CA | $30,712,263 |
#112 | Palm Bay-Melbourne-Titusville, FL | $30,589,541 |
#113 | Scranton–Wilkes-Barre, PA | $30,040,721 |
#114 | Lansing-East Lansing, MI | $29,363,629 |
#115 | Ann Arbor, MI | $28,604,834 |
#116 | Anchorage, AK | $28,210,676 |
#117 | Modesto, CA | $26,519,792 |
#118 | Sioux Falls, SD | $26,063,548 |
#119 | Savannah, GA | $25,681,434 |
#120 | Deltona-Daytona Beach-Ormond Beach, FL | $25,516,019 |
#121 | McAllen-Edinburg-Mission, TX | $25,508,724 |
#122 | Salisbury, MD-DE | $25,194,103 |
#123 | Fort Wayne, IN | $25,156,180 |
#124 | Corpus Christi, TX | $24,937,471 |
#125 | Davenport-Moline-Rock Island, IA-IL | $24,603,801 |
#126 | Beaumont-Port Arthur, TX | $24,407,762 |
#127 | Fort Collins, CO | $24,381,467 |
#128 | Asheville, NC | $24,350,043 |
#129 | Pensacola-Ferry Pass-Brent, FL | $24,309,017 |
#130 | Fayetteville, NC | $24,254,218 |
#131 | Shreveport-Bossier City, LA | $24,153,731 |
#132 | Naples-Marco Island, FL | $24,020,049 |
#133 | Springfield, MO | $23,930,761 |
#134 | Mobile, AL | $23,876,616 |
#135 | Peoria, IL | $23,599,643 |
#136 | York-Hanover, PA | $23,406,852 |
#137 | Youngstown-Warren-Boardman, OH-PA | $23,284,271 |
#138 | Lafayette, LA | $22,650,406 |
#139 | Lincoln, NE | $22,492,557 |
#140 | Greeley, CO | $22,082,249 |
#141 | Reading, PA | $22,055,785 |
#142 | Green Bay, WI | $21,991,068 |
#143 | Killeen-Temple, TX | $21,967,641 |
#144 | Myrtle Beach-Conway-North Myrtle Beach, SC-NC | $21,787,862 |
#145 | Salem, OR | $21,487,178 |
#146 | Evansville, IN-KY | $21,248,968 |
#147 | Gulfport-Biloxi, MS | $21,177,139 |
#148 | Port St. Lucie, FL | $20,762,211 |
#149 | Norwich-New London, CT | $20,743,047 |
#150 | Visalia, CA | $20,580,771 |
#151 | Montgomery, AL | $20,250,047 |
#152 | Canton-Massillon, OH | $20,167,014 |
#153 | Tallahassee, FL | $20,148,962 |
#154 | Cedar Rapids, IA | $19,793,178 |
#155 | San Luis Obispo-Paso Robles, CA | $19,639,637 |
#156 | Elkhart-Goshen, IN | $19,271,838 |
#157 | Crestview-Fort Walton Beach-Destin, FL | $18,899,397 |
#158 | Eugene-Springfield, OR | $18,848,436 |
#159 | Gainesville, FL | $18,353,884 |
#160 | Roanoke, VA | $18,297,657 |
#161 | Wilmington, NC | $18,203,444 |
#162 | Santa Cruz-Watsonville, CA | $18,076,112 |
#163 | Spartanburg, SC | $17,914,096 |
#164 | Kennewick-Richland, WA | $17,836,850 |
#165 | Fargo, ND-MN | $17,706,417 |
#166 | Flint, MI | $17,234,628 |
#167 | Longview, TX | $17,134,932 |
#168 | South Bend-Mishawaka, IN-MI | $17,031,977 |
#169 | Rockford, IL | $17,005,386 |
#170 | Hickory-Lenoir-Morganton, NC | $16,787,117 |
#171 | Huntington-Ashland, WV-KY-OH | $16,470,842 |
#172 | Columbus, GA-AL | $16,456,091 |
#173 | Lubbock, TX | $16,402,001 |
#174 | Amarillo, TX | $16,313,319 |
#175 | Olympia-Lacey-Tumwater, WA | $16,245,024 |
#176 | Appleton, WI | $16,202,188 |
#177 | Bellingham, WA | $16,036,428 |
#178 | Kalamazoo-Portage, MI | $15,946,455 |
#179 | Duluth, MN-WI | $15,905,385 |
#180 | College Station-Bryan, TX | $15,896,707 |
#181 | Lake Charles, LA | $15,791,901 |
#182 | Charlottesville, VA | $15,762,678 |
#183 | Burlington-South Burlington, VT | $15,669,774 |
#184 | Rochester, MN | $15,644,852 |
#185 | Atlantic City-Hammonton, NJ | $15,313,041 |
#186 | Barnstable Town, MA | $15,150,695 |
#187 | Bloomington, IL | $15,140,725 |
#188 | Waco, TX | $15,125,143 |
#189 | Kingsport-Bristol, TN-VA | $15,104,427 |
#190 | Utica-Rome, NY | $14,678,570 |
#191 | Clarksville, TN-KY | $14,546,292 |
#192 | Bremerton-Silverdale-Port Orchard, WA | $14,373,182 |
#193 | Laredo, TX | $13,581,543 |
#194 | Gainesville, GA | $13,561,088 |
#195 | Charleston, WV | $13,553,478 |
#196 | Brownsville-Harlingen, TX | $13,225,538 |
#197 | Champaign-Urbana, IL | $13,219,093 |
#198 | Topeka, KS | $13,204,822 |
#199 | Springfield, IL | $13,019,072 |
#200 | Tyler, TX | $13,002,122 |
#201 | Tuscaloosa, AL | $12,913,789 |
#202 | Ocala, FL | $12,907,979 |
#203 | Hagerstown-Martinsburg, MD-WV | $12,755,632 |
#204 | Bend, OR | $12,618,710 |
#205 | Lafayette-West Lafayette, IN | $12,537,390 |
#206 | Erie, PA | $12,509,399 |
#207 | Napa, CA | $12,387,136 |
#208 | Binghamton, NY | $12,314,327 |
#209 | St. Cloud, MN | $12,202,920 |
#210 | Columbia, MO | $12,077,178 |
#211 | Iowa City, IA | $11,989,228 |
#212 | Yakima, WA | $11,864,827 |
#213 | Macon-Bibb County, GA | $11,818,017 |
#214 | Oshkosh-Neenah, WI | $11,586,606 |
#215 | Billings, MT | $11,570,641 |
#216 | Athens-Clarke County, GA | $11,562,554 |
#217 | Hilton Head Island-Bluffton, SC | $11,497,194 |
#218 | Lynchburg, VA | $11,430,306 |
#219 | Odessa, TX | $11,399,343 |
#220 | Wausau-Weston, WI | $11,250,695 |
#221 | Wheeling, WV-OH | $11,239,365 |
#222 | Waterloo-Cedar Falls, IA | $11,197,979 |
#223 | Florence, SC | $11,018,873 |
#224 | Medford, OR | $10,949,122 |
#225 | Fort Smith, AR-OK | $10,920,156 |
#226 | Greenville, NC | $10,841,765 |
#227 | Merced, CA | $10,465,518 |
#228 | Kahului-Wailuku-Lahaina, HI | $10,356,019 |
#229 | Eau Claire, WI | $10,308,773 |
#230 | Panama City, FL | $10,269,545 |
#231 | Sioux City, IA-NE-SD | $10,111,866 |
#232 | Chico, CA | $10,006,052 |
#233 | Dover, DE | $9,984,324 |
#234 | Idaho Falls, ID | $9,915,330 |
#235 | El Centro, CA | $9,912,905 |
#236 | Jacksonville, NC | $9,900,984 |
#237 | Daphne-Fairhope-Foley, AL | $9,891,548 |
#238 | Jackson, TN | $9,779,929 |
#239 | State College, PA | $9,750,456 |
#240 | Harrisonburg, VA | $9,499,442 |
#241 | Redding, CA | $9,419,468 |
#242 | Saginaw, MI | $9,363,549 |
#243 | Houma-Thibodaux, LA | $9,350,744 |
#244 | La Crosse-Onalaska, WI-MN | $9,294,924 |
#245 | Johnson City, TN | $9,219,695 |
#246 | Racine, WI | $9,100,374 |
#247 | Warner Robins, GA | $8,993,124 |
#248 | Yuma, AZ | $8,977,170 |
#249 | Lima, OH | $8,962,374 |
#250 | Jefferson City, MO | $8,956,976 |
#251 | Abilene, TX | $8,848,793 |
#252 | Prescott Valley-Prescott, AZ | $8,796,885 |
#253 | Monroe, LA | $8,699,152 |
#254 | Kingston, NY | $8,622,165 |
#255 | Morgantown, WV | $8,597,534 |
#256 | California-Lexington Park, MD | $8,554,244 |
#257 | Janesville-Beloit, WI | $8,530,214 |
#258 | Terre Haute, IN | $8,502,107 |
#259 | East Stroudsburg, PA | $8,493,417 |
#260 | Niles, MI | $8,455,695 |
#261 | Flagstaff, AZ | $8,444,850 |
#262 | Winchester, VA-WV | $8,419,006 |
#263 | Bowling Green, KY | $8,368,247 |
#264 | Las Cruces, NM | $8,339,710 |
#265 | St. George, UT | $8,338,042 |
#266 | Joplin, MO | $8,319,062 |
#267 | San Angelo, TX | $8,284,455 |
#268 | Bloomington, IN | $8,272,024 |
#269 | Blacksburg-Christiansburg, VA | $8,271,597 |
#270 | Bismarck, ND | $8,243,740 |
#271 | Coeur d’Alene, ID | $8,112,478 |
#272 | Yuba City, CA | $8,104,050 |
#273 | Sebastian-Vero Beach, FL | $8,063,835 |
#274 | Dalton, GA | $7,950,074 |
#275 | Decatur, IL | $7,856,804 |
#276 | Dubuque, IA | $7,840,579 |
#277 | Manhattan, KS | $7,818,079 |
#278 | Bangor, ME | $7,813,558 |
#279 | Rocky Mount, NC | $7,799,020 |
#280 | Sheboygan, WI | $7,747,640 |
#281 | Pittsfield, MA | $7,682,977 |
#282 | Mount Vernon-Anacortes, WA | $7,659,302 |
#283 | Jackson, MI | $7,651,976 |
#284 | Santa Fe, NM | $7,636,186 |
#285 | Dothan, AL | $7,636,116 |
#286 | Ames, IA | $7,583,257 |
#287 | Rapid City, SD | $7,565,027 |
#288 | Battle Creek, MI | $7,528,043 |
#289 | Glens Falls, NY | $7,446,782 |
#290 | Grand Junction, CO | $7,444,077 |
#291 | Burlington, NC | $7,440,110 |
#292 | Pueblo, CO | $7,436,671 |
#293 | Logan, UT-ID | $7,425,275 |
#294 | Wenatchee, WA | $7,403,597 |
#295 | Vineland-Bridgeton, NJ | $7,376,321 |
#296 | Auburn-Opelika, AL | $7,335,523 |
#297 | Decatur, AL | $7,282,688 |
#298 | Kankakee, IL | $7,282,382 |
#299 | Hanford-Corcoran, CA | $7,258,824 |
#300 | Columbus, IN | $7,205,692 |
#301 | Hattiesburg, MS | $7,181,156 |
#302 | Wichita Falls, TX | $7,096,972 |
#303 | Ithaca, NY | $7,044,555 |
#304 | Lake Havasu City-Kingman, AZ | $7,037,905 |
#305 | Alexandria, LA | $7,037,021 |
#306 | Watertown-Fort Drum, NY | $6,972,539 |
#307 | Weirton-Steubenville, WV-OH | $6,966,489 |
#308 | Lebanon, PA | $6,911,784 |
#309 | Punta Gorda, FL | $6,911,071 |
#310 | Madera, CA | $6,907,890 |
#311 | Chambersburg-Waynesboro, PA | $6,846,649 |
#312 | Elizabethtown-Fort Knox, KY | $6,819,777 |
#313 | Muskegon, MI | $6,795,782 |
#314 | Missoula, MT | $6,780,085 |
#315 | Altoona, PA | $6,736,868 |
#316 | Monroe, MI | $6,716,820 |
#317 | St. Joseph, MO-KS | $6,700,369 |
#318 | Cheyenne, WY | $6,608,922 |
#319 | Williamsport, PA | $6,562,069 |
#320 | Valdosta, GA | $6,529,753 |
#321 | Jonesboro, AR | $6,494,679 |
#322 | Fairbanks, AK | $6,477,984 |
#323 | Albany, GA | $6,462,473 |
#324 | New Bern, NC | $6,436,366 |
#325 | Owensboro, KY | $6,434,476 |
#326 | Ocean City, NJ | $6,279,126 |
#327 | Grand Forks, ND-MN | $6,226,443 |
#328 | Morristown, TN | $6,218,224 |
#329 | Carbondale-Marion, IL | $6,206,570 |
#330 | Mankato, MN | $6,157,026 |
#331 | Texarkana, TX-AR | $6,086,205 |
#332 | Longview, WA | $6,047,768 |
#333 | Florence-Muscle Shoals, AL | $5,989,958 |
#334 | Casper, WY | $5,887,565 |
#335 | Twin Falls, ID | $5,878,885 |
#336 | Staunton, VA | $5,865,980 |
#337 | Sherman-Denison, TX | $5,852,474 |
#338 | Midland, MI | $5,836,461 |
#339 | Fond du Lac, WI | $5,817,790 |
#340 | Goldsboro, NC | $5,761,092 |
#341 | Farmington, NM | $5,698,394 |
#342 | Lawton, OK | $5,636,670 |
#343 | Lewiston-Auburn, ME | $5,614,156 |
#344 | Albany-Lebanon, OR | $5,608,491 |
#345 | Lawrence, KS | $5,586,561 |
#346 | Sumter, SC | $5,539,578 |
#347 | The Villages, FL | $5,507,387 |
#348 | Cleveland, TN | $5,423,969 |
#349 | Sierra Vista-Douglas, AZ | $5,399,087 |
#350 | Mansfield, OH | $5,251,489 |
#351 | Homosassa Springs, FL | $5,247,686 |
#352 | Corvallis, OR | $5,242,566 |
#353 | Johnstown, PA | $5,197,201 |
#354 | Springfield, OH | $5,162,330 |
#355 | Brunswick, GA | $5,136,201 |
#356 | Anniston-Oxford, AL | $5,108,424 |
#357 | Victoria, TX | $5,082,222 |
#358 | Bloomsburg-Berwick, PA | $4,916,778 |
#359 | Hammond, LA | $4,897,538 |
#360 | Grand Island, NE | $4,871,762 |
#361 | Cape Girardeau, MO-IL | $4,838,122 |
#362 | Beckley, WV | $4,563,061 |
#363 | Rome, GA | $4,539,453 |
#364 | Michigan City-La Porte, IN | $4,521,182 |
#365 | Kokomo, IN | $4,488,369 |
#366 | Muncie, IN | $4,486,204 |
#367 | Hinesville, GA | $4,427,847 |
#368 | Gettysburg, PA | $4,310,644 |
#369 | Elmira, NY | $4,230,830 |
#370 | Carson City, NV | $4,225,603 |
#371 | Bay City, MI | $4,158,772 |
#372 | Great Falls, MT | $4,150,622 |
#373 | Cumberland, MD-WV | $4,025,355 |
#374 | Parkersburg-Vienna, WV | $4,000,337 |
#375 | Pine Bluff, AR | $3,996,508 |
#376 | Hot Springs, AR | $3,907,112 |
#377 | Pocatello, ID | $3,732,010 |
#378 | Grants Pass, OR | $3,666,285 |
#379 | Danville, IL | $3,645,245 |
#380 | Walla Walla, WA | $3,642,288 |
#381 | Lewiston, ID-WA | $3,274,461 |
#382 | Gadsden, AL | $3,175,372 |
#383 | Enid, OK | $2,926,730 |
#384 | Sebring-Avon Park, FL | $2,894,022 |
All U.S. Metro Areas | $20,943,239,585 |
As the graphic above makes obvious, NYC’s GDP towers over the rest. The Big Apple is the nerve center for a number of high-impact industries, including finance and media.
Moving down the ranking, LA has a $1.1 trillion economy, followed by Chicago, with a GDP of just over $760 billion.
Although many of the top ranking cities are not surprising, there are a number of up-and-coming cities in the list. A report from the Kenan Institute, at the University of North Carolina’s Business School, reveals the fastest growing cities in the U.S. in terms of GDP growth year-over-year. Here’s a look at the top 10:
Rank | City | State | GDP Growth (2022) |
---|---|---|---|
#1 | San Francisco/Bay Area | California | 4.8% |
#2 | Austin | Texas | 4.3% |
#3 | Seattle | Washington | 3.5% |
#4 | Raleigh/Durham | North Carolina | 3.4% |
#5 | Dallas | Texas | 3.1% |
#6 | Denver | Colorado | 3.0% |
#7 | Salt Lake City | Utah | 2.8% |
#8 | Charlotte | North Carolina | 2.5% |
#9 | New Orleans | Louisiana | 2.4% |
#10 | Orlando | Florida | 2.4% |
San Francisco, Seattle, and Dallas appear on both the overall GDP size and growth lists. Dallas’ economy is driven in large part by a growing healthcare industry. The city also continues to attract talent being home to large companies AT&T, CBRE Group, and Texas Instruments.
North Carolina is home to two of the fastest growing metropolitan areas, Raleigh-Durham and Charlotte. These cities may be ones to watch as they are becoming hubs of tech, research, and manufacturing. In fact, North Carolina was recently ranked as the most attractive U.S. state to do business in and both cities are among the fastest growing in terms of population.
The economic center of gravity within the U.S. could be shifting away from the traditional centers of power towards booming cities in the South and West of the United States. The Kenan Institute found that the recovery of hospitality and leisure sectors has helped destinations in these regions like New Orleans and Orlando. Additionally, the shift towards high-tech industry jobs, remote work, and cheaper housing have made these cities very attractive.
Of course, the sunny climate in these cities is an attractive selling point as well.
Sun, 03/12/2023 – 19:45
That basically just tells you how big the city is.
Per capita would be the interesting number.
For example, Midland TX is just a moderately sized town with a population of maybe 100k or 150k.
Yet it shows up higher than towns with a million.
Now this is REALLY surprising! People are supposed to be leaving CA due to all the social problems here.
#1 San Francisco/Bay Area, California 4.8% GDP Growth in 2022
Economic output does not translate to food production. Two percent of the population feeds the rest of the country, and that is not produced in the listed conurbations.
To compare, El Paso (another west Texas location) has a million or two million people but is less economically material than a town 1/20 its size not 40 minutes away by plane. (I’ve made that flight a fair amount).
It’s a near meaningless list.
With the exception of a couple of towns, it’s just “how big” is a city.
Per capita would mean a lot.
Interesting list. Some of the spots really surprised me.
Here is a real list
https://en.m.wikipedia.org/wiki/List_of_U.S._metropolitan_areas_by_GDP_per_capita
Fastest growing city, San Francisco?
Is this study using government calculating methods?
I can’t believe San Fran is fastest in terms of GDP growth year-over-year. Businesses are closing there every day. Where is their GDP growth coming from?
Government bailouts
“GDP” includes Government Spending.
Thanks.
>> That basically just tells you how big the city is. <<
The ONLY purpose of this is to diminish the red-state cities with lower costs of living.
One thing I want to know....if a company or bank is headquartered in a city, does the revenue of the entire company count towards the GDP of that city? I suspect it does.
Obviously that revenue was not generated in that city overwhelmingly. It came from the rest of the country.
You don’t have to be a genius to figure out that having a bunch of big banks or large companies with their HQs in a certain city is going to make that city look like its far wealthier and more economically productive than it actually is.
BTW, I noticed the top 4 were all tech hubs. The Tech industry is in the midst of a downturn with tens of thousands of layoffs (for the first time) this year. Don’t look for those 4 to be atop the rankings next year.
Midland-Odessa has almost 350,000.
And that doesn’t include all the weekly labor living in containers when oil is above $80/bbl.
The real question is how much of this is making things, and how much is funny money, creating wealth from thin air and false promises.
How much of San Jose’s GDP was wrapped up in SVB? (on the Forbes list of best banks last week).
I can see how Washington DC sucks in a lot of money.
I can’t see what they do in Washington DC that actually generates that money.
They’re just leeching money off of the rest of the country, not actually generating wealth. The same could be said about NYC and Wall Street. Citibank for example doesn’t actually generate its annual revenues mostly in NYC. Those revenues just get reported there because that’s where its HQ is.
Usury doesn’t count as “output” in a healthy economy.
According to the US census.
Midland TX Per Capita Income $43,572, New York City $43,952
Midland Poverty Rate 10.5%, New York City 17%
Make of it what you will. New York definitely has a lot at the Low and the High end of the economic ladder.
Well I mean we could point out the murder rates (or the tax rates) of these same cities and see that theres more than meets the eye. Beacuse banks and tech companies set up shop in these places certainly doesnt equate to them being run very well.
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