Jacksonville Economy Among 50 Strongest in U.S.

23 05 2013

The Jacksonville economy continues to strengthen and slowly make its way up the list of the strongest in the nation — cracking the top 50 in the May version of the On Numbers Economic Index.

Jacksonville’s economy ranked No. 45 on the May index — up from No. 54 last month.

Of the big cities in Florida, only Tampa ranked higher than Jacksonville. Here’s how the other big cities in Florida ranked (with their previous position in parenthesis):

  • No. 31 Tampa (38)
  • No. 59 Miami (68)
  • No. 74 Orlando (61)

The index is calculated once a month, based on the latest official statistics for all U.S. metropolitan areas with estimated populations above 500,000. The index is designed to show the relative economic strength of those 102 major metros.

The index is generated by an 18-part formula that assesses private-sector job growth, unemployment, earnings, housing-price appreciation and construction and retail activity.

Here are the top-to-bottom rankings of 102 major markets in May installment of the On Numbers Economic Index, a monthly measure of economic vitality:

  • 1. Austin
  • 2. Provo, Utah
  • 3. Dallas-Fort Worth
  • 4. Oklahoma City
  • 5. Houston
  • 6. Ogden, Utah
  • 7. Baton Rouge, La.
  • 8. Tulsa
  • 9. Salt Lake City
  • 10. Des Moines, Iowa
  • 11. San Jose
  • 12. Denver
  • 13. New Orleans
  • 14. Honolulu
  • 15. Pittsburgh
  • 16. Boston
  • 17. Minneapolis-St. Paul
  • 18. Grand Rapids, Mich.
  • 19. Nashville
  • 20. San Antonio
  • 21. San Francisco-Oakland
  • 22. Boise, Idaho
  • 23. Seattle
  • 24. Little Rock, Ark.
  • 25. Washington
  • 26. Durham, N.C.
  • 27. Omaha
  • 28. Louisville
  • 29. Baltimore
  • 30. Indianapolis
  • 31. Tampa-St. Petersburg
  • 32. Madison, Wis.
  • 33. Knoxville, Tenn.
  • 34. Richmond
  • 35. Buffalo
  • 36. Phoenix
  • 37. San Diego
  • 38. Greenville, S.C.
  • 39. Columbia, S.C.
  • 40. Bakersfield, Calif.
  • 41. Oxnard-Thousand Oaks, Calif.
  • 42. Lancaster, Pa.
  • 43. Charleston, S.C.
  • 44. Columbus
  • 45. Jacksonville
  • 46. St. Louis
  • 47. Poughkeepsie, N.Y.
  • 48. Syracuse, N.Y.
  • 49. Birmingham
  • 50. Albany, N.Y.
  • 51. Jackson, Miss.
  • 52. Augusta, Ga.
  • 53. McAllen-Edinburg, Texas
  • 54. Cleveland
  • 55. Portland, Maine
  • 56. Cape Coral-Fort Myers, Fla.
  • 57. Modesto, Calif.
  • 58. Raleigh
  • 59. Miami-Fort Lauderdale
  • 60. Harrisburg, Pa.
  • 61. Worcester, Mass.
  • 62. New York City
  • 63. Portland, Ore.
  • 64. Allentown-Bethlehem, Pa.
  • 65. Rochester, N.Y.
  • 66. Dayton, Ohio
  • 67. Charlotte
  • 68. Los Angeles
  • 69. El Paso, Texas
  • 70. Palm Bay-Melbourne, Fla.
  • 71. Chattanooga, Tenn.
  • 72. Wichita, Kans.
  • 73. Cincinnati
  • 74. Orlando
  • 75. Kansas City
  • 76. Scranton-Wilkes-Barre, Pa.
  • 77. Fresno, Calif.
  • 78. Akron, Ohio
  • 79. Toledo, Ohio
  • 80. Sacramento
  • 81. Stockton, Calif.
  • 82. Atlanta
  • 83. Detroit
  • 84. Bradenton-Sarasota, Fla.
  • 85. Lakeland, Fla.
  • 86. Philadelphia
  • 87. Virginia Beach-Norfolk
  • 88. Tucson
  • 89. Milwaukee
  • 90. Colorado Springs
  • 91. Hartford
  • 92. Youngstown, Ohio
  • 93. Las Vegas
  • 94. Providence
  • 95. Memphis
  • 96. Springfield, Mass.
  • 97. Riverside-San Bernardino, Calif.
  • 98. Greensboro, N.C.
  • 99. Chicago
  • 100. Albuquerque
  • 101. New Haven, Conn.
  • 102. Bridgeport-Stamford, Conn.

Source: Jacksonville Business Journal

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