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Raleigh cracks Kiplinger's Best Cities list

Posted May 26, 2009

— North Carolina’s capital city is No. 10 on Kiplinger’s Personal Finance “10 Best Cities of 2009.”

Raleigh did drop from No. 2 on the 2008 list, however, as unemployment doubled to 8.6 percent from a year ago, the magazine said. The job market is one of the key factors considered in preparing the rankings.

No. 1 this year is Huntsville, Ala.

“Raleigh has an enviable economic base, built on three universities and Research Triangle Park, where employers in everything from biotech to computers still thrive,” Kiplinger’s said “Although Raleigh’s unemployment rate has doubled in the past year, to 8.6%, it’s still much lower than the 10.8% rate for the state as a whole.”

Some 36 percent of the Raleigh work force is considered part of the ‘creative class,” according to Kiplinger’s.

The top 10 selection is the latest in a series of high rankings for the Raleigh/Triangle area, including: No. 2 on the Milken Institute's 2008 listing of "Best Performing Cities”; and the Raleigh-Cary metro statistical area s ranking No. 1on Forbes' 2009 listing of "Best Metro Areas for Business and Careers."

The 2009 list is available online and will be included in the print magazine, which goes on sale June 9.

Rankings for 361 metropolitan areas were based on growth potential as well as jobs and job quality. Kiplinger’s and the Martin Prosperity Institute in evaluating cities.

“Although downturns are felt by everyone, our research has shown that the impact is less severe for those in the creative class—people who are paid to think,” said Kevin Stolarick of the institute. “People in fields such as science, engineering, architecture, and education are catalysts of vitality and livability in a city.”

The other top 10 cities with descriptions provided by Kiplinger’s:

1. Huntsville, Ala.—"This northern Alabama city represents critical mass for the nation’s missile-defense and aerospace industries as well as medical and life-sciences sectors. In addition, Huntsville owes much of its red-blooded vitality to the U.S. Army, which employs more than 14,000 people at the 38,000-acre Redstone Arsenal.

2. Albuquerque, N.M.—"Albuquerque’s desire to bring good jobs to its residents is represented by its budding film industry, which has grown from 100 people eight years ago to 3,000 today, many of whom are locals trained for the new jobs. It’s had even more success in attracting companies in the solar-energy industry—such as Schott North America, which has its flagship solar-panel plant in the area.

3. Washington, D.C.—"The federal government employs one in eight workers in the Washington area and fuels nearby companies in almost every industry—law firms, lobbyists, and aerospace and defense companies in particular. High-tech firms in northern Virginia and biotech companies in Maryland offer many employment opportunities.

4. Charlottesville, Va.—"From the University of Virginia to the downtown promenade, the Charlottesville community is an unexpected blend of Southern charm and liberal edge with a strong business base. UVA employs one-fourth of the local workforce—and the faculty’s research often results in private spinoff companies.

5. Athens, Ga.—"The Classic City is home to the University of Georgia, the city’s largest employer. It is also a hub of regional medical services, including Athens Regional Medical Center, St. Mary’s Health Care System, and Landmark Hospital, providing health care and jobs not only for the community but also for nearby counties. International manufacturing companies, such as Carrier and DuPont, also have operations in Athens.

6. Olympia, Wash.—"Employing about half of the city’s working population, the state government is the keystone of Olympia’s economy. Education is another big driver of the city’s growth and character. Evergreen State College, a liberal-arts school specializing in the social sciences and visual and performing arts, helps fuel the creative spirit, and Saint Martin’s University, a private school located in neighboring Lacey, is known for engineering and applied sciences.

7. Madison, Wis.—"With a jobless rate three percentage points below the national average, Madison’s ready-made economy feeds off of its two largest assets: the University of Wisconsin and the Wisconsin state capital. But these two institutions account for only 20% of Madison’s jobs; the rest come from its strong mix of tech and biotech firms.

8. Austin, Texas—"Last year, the Texas capital added 3,300 jobs, the biggest bump in the country. The increase covered a broad swath, from professional services, education and hospitality to health care and government. Give most of the credit to government and higher education. State government employs 170,000, a fifth of the city’s workforce, and the University of Texas at Austin alone employs more than 6,000 people.

9. Flagstaff, Ariz.—"The Old West charm of Flagstaff is infused with new energy—both from its residents and from the college students at Northern Arizona University. The university adds jobs to the city’s economy, plus arts and entertainment to its cultural scene. The government is big business in Flagstaff (which is the Coconino County seat), as is tourism—a result of the city’s proximity to the Grand Canyon."

20 Comments

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  • Better Things May 27, 11:24 a.m.

    Yeah! Raleigh is great! Lots of random violence! An insane school system! And, to top it off - there's nothing to do! It's in the middle of nowhere! Go RTP!

  • tatermommy52 May 26, 6:12 p.m.

    What about CARY !

  • Escaped ftom Wake May 26, 5:42 p.m.

    Grayboomerang your only pro sports team in Wake county is the Hurricanes. Arizona has every sport but Hockey, World class golf courses and tournaments. Many more concerts, car shows, We have NASCAR NHRA Road racing, Military airshows, casino gambling, white water "tubing". right here in Maricopa County. Do not get me wrong If North Carolina ever gets its political act straight you have many great attributes. The Outer Banks are fantastic, the Canes are hard to beat. Your weather has a excellent balance of seasons. If you don't mind traveling you are with in a days drive of Washington DC the mountains the coast and even Florida all of which are a +. But right now RDU has the basics for the top 10 list but needs lots of spit and polish before it should be on the top 10.

  • skaternum May 26, 5:22 p.m.

    I think most of these lists are full of "it," but that doesn't stop people from mindlessly believing what they say. Not we're going to wind up with more unemployed people moving here because some stupid list says IT and biotech is "thriviing." Thriving? Um, somebody tell it to all the unemployed IT and pharma employees. What a crock!

  • Titus Pullo May 26, 5:20 p.m.

    Just remember, the highway that you rode in on also will take you away. I'll gladly send you a map to find it.

  • Escaped ftom Wake May 26, 5:12 p.m.

    I still read your news because I still need to go to the office there from time to time. I telecommute most of the year. The only kidnapping issue in Phoenix is the illegal aliens being held for more money by the coyotes which hauled them across the boarder. They find 20 or 30 at a time held in drop houses that is 40 to 60 "kidnappings a week" Raleigh does have excellent weather and is very pretty area. Your schools have a chance but your BOE is inept at best. We won’t even go into the Mandatory Year round experiment. Your politician’s local and state government is totally out of control, Outlawing garbage disposals? How about taking school funds for other areas and using the Education lottery to try and make ends meet. And of course there is the very high motor fuel tax for the road building fund which is regularly raided for other uses, which explains the toll for the 540. I have never seen so many hidden tax’s’ fees etc. If the locals control the politicians then yes 2 or

  • grayboomerang May 26, 5:08 p.m.

    lahtigress...I hear Arizona is a great place to live.

  • Poleaux May 26, 5:02 p.m.

    There’s something fishy about this list. All of the cities listed are described as being fueled by state/federal government and universities. Those entities are tax magnets. I don’t trust this list.

  • lahtigress May 26, 4:52 p.m.

    This really amazes me .... I can't understand why this area would make the best of any list. I have been here for over 10 years and it is the most boring place I have ever lived. There is absolutely nothing of any value to do ...

  • protestthis May 26, 4:43 p.m.

    what - no conspiracy theory or statements of politican corruption on how this could have happened? My god - GOLO must be asleep at the wheel.
    Lets blame someone QUICK!!!

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