The following is a guest blog from Coworking Cafe regarding a recent ranking on the economic vitality of American cities:
In an economic landscape that is constantly changing, a city’s prosperity is not only brought by a robust job market, but also by investments in infrastructure, local entrepreneurship, innovation, and community.
Therefore, we took into consideration metrics such as population growth, GDP, employment rates, trade activity, and other economic indicators, all of which can be found in the methodology section of this study. Furthermore, to ensure a fair comparison, we divided the cities into three population brackets: large, mid-sized, and small.
Here are a few key details regarding Indianapolis:
- Indianapolis took sixth place, ranking well across the board;
- The city stands out by having the fourth highest increase in business applications from 2018 until 2022, their number growing by 69% and reaching a whopping 22,226;
- Indianapolis witnessed the fifth biggest drop in crime, with crime rates going down by 18%;
- Unemployment has also been dropping, with Indianapolis seeing a decrease of 1% in unemployment rates, putting the city in the seventh spot for this category;
- Indianapolis ranks sixth when it comes to education attainment, with a 3% increase from 2018 until 2022.
Nationally, Mesa, AZ snatches the crown for the large population bracket, while Gilbert, AZ and Nampa, ID rank first as the best mid-sized and small cities for economic growth, respectively.
Note: GDP values are expressed in thousands of USD (e.g., $2,000,000 in GDP means $2,000,000,000). Trade values are expressed in millions of USD (e.g. $2,000 in trade means $2,000,000,000).
