The Milken Institute Wednesday released its annual list of America’s most dynamic metropolitan economies, and Los Angeles moved up 29 slots to crack the top 50 for the first time in years, landing at No. 48.
The rankings took things like job creation, wage gains and technology developments into consideration to evaluate the growth of metropolitan areas and listed the top 200 large and 201 small metros.
Los Angeles’ high ranking was part of a trend for California, as six of the top 25 spots for large metros were from the state. The top spot on the list went to San Jose for the second year in a row.
Other Southland cities that made the large metro list were Anaheim (19th), San Diego (32nd), Riverside (44th) and Oxnard (112th).
“America’s best-performing cities yet again demonstrated their innovation advantage, aligned with high levels of entrepreneurship,” said Ross DeVol, chief research officer for the Milken Institute and one of the report’s authors.