Raleigh, North Carolina, has been ranked among the top-performing large cities in the US by a recent study from the Milken Institute. The city’s thriving tech sector and strong wage growth have contributed to its success, with wages surging 47% since 2018. Job growth has also increased by 15%, driven by balanced growth across various industries.
However, the rising cost of living poses a new challenge for the city, which now faces increasing pressure to improve affordability and public safety while maintaining its top-tier status. Mayor Janet Cowell has pledged to address these issues, focusing on housing development, reducing bureaucracy, and enhancing public safety.
Raleigh’s consistent ranking among the top three cities in the Milken Institute report highlights its reputation as a desirable destination for businesses and residents alike. The city’s growth is expected to continue, with Mayor Cowell optimistic about its future prospects.
Source: https://www.wral.com/business/technology/raleigh-top-performing-city-milken-report-2025