Austin again ranks as a 'best-performing' city

[Neil Narayan]

For the third year in a row, Austin took the No. 3 spot on the Milken Institute's Best-Performing Cities report.

Milken's index ranks cities on a variety of metrics, including jobs, wages, salaries and technology output. It's designed to help the public and private sectors evaluate and compare cities throughout the nation. It is particularly handy for Realtors, job recruiters and site selectors.

Austin was put in the "tier 1" category. It's the first time Milken has broken cities up by tiers.

Milken ranked the top tier 1 cities this way:

1. Provo, Utah

2. Palm Bay, Florida

3. Austin

4. Salt Lake City, Utah

5. Raleigh, North Carolina.

No other Texas cities were in the top 10.

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