Brief | Future Cities
High-Growth Markets Offer Metro Affordability and Skilled Labor
January 25, 2022
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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.
U.S. Bureau of Labor Statistics, Brookings Institute
NOTE: Axis intersection represents the average of all cities displayed.
FIGURE 1: Metro Affordability & Skills
U.S. Bureau of Labor Statistics, Brookings Institute
NOTE: Axis intersection represents the average of all cities displayed.
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Dennis Schoenmaker, Ph.D.
Global Head of Forecasting and Strategic Insight, Head of Data Centre of Excellence
