Northwest Arkansas – The Best of the Best

This is the 2nd year that Northwest Arkansas (more specifically Fayetteville) has ranked in the Milken Institute’s “Best Performing Cities Index.” The 2023 index is based on information & data from 2021 which is the first full year post-COVID. When ranking the cities, the Milken Institute looks at 3 main categories- Labor Market Performance, High-Tech Impact, and Access to Economic Opportunities. Those 3 categories are then broken down into 12 components such as One-Year Housing Affordability, Short-Term Job Growth, Five-Year High-Tech GPD Growth, and more.

Here is what they had to say about Northwest Arkansas- 

“…the city has experienced stable population growth, and recent projections show that the are population could grow by as much as 76 percent between this year and 2060. Over the same period, employment is projected to more than double. If these projections hold, and if the city can attract more investment from the high-tech sector, Fayetteville could continue upward in future BPC rankings.”