Jacksonville's Economy Surges in Latest Ranking


In the last year, Jacksonville has seen the greatest economic improvement in the entire country and now boasts one of the top 20 economies. Jacksonville’s No. 16 ranking is up from No. 33 last month and up from No. 99 in September 2012, according to the On Numbers Economic Index for September.

The other major Florida cities join Jacksonville in the top five most-improved metros:

  • Tampa-St. Petersburg, up 80 places (from No. 100 to No. 20)
  • Orlando, up 59 places (from No. 91 to No. 32)
  • Cape Coral-Fort Myers, Fla., up 48 places (from No. 88 to No. 40)
  • Miami-Fort Lauderdale, up 46 places (from No. 90 to No. 44)

The index is calculated once a month, based on the latest official statistics for all U.S. metropolitan areas with estimated populations above 500,000. It is designed to show the relative economic strength of those 102 major metros.

The rankings are generated by an 18-part formula that assesses private-sector job growth, unemployment, earnings, housing-price appreciation and construction and retail activity. Read the detailed methodology here.

See the full list of 102 metros here.

Jacksonville Business Journal