Silver Spring, Rockville area ranked among 2025 best performing cities in nation  

Milken Institute index shows Montgomery County made small improvements in job and wage growth

January 20, 2025 11:42 a.m.

The metropolitan area including Silver Spring, Rockville and Frederick ranked No. 123 out of 200 large cities included in The Milken Institute’s 2025 Best Performing Cities index after making small improvements in employment and wages, according to a report released Jan. 14 from the nonpartisan think tank. 

The area’s 2025 ranking is an improvement from the 2024 ranking at No. 147, but a decrease from the No. 100 ranking in 2023. The metropolitan area, which includes Montgomery and Frederick counties, ranked in the fourth tier out of five of the index’s Best Performing Cities.

According to its website, the Milken Institute’s 2025 Best Performing Cities index ranks a total of 403 cities, split between small and large cities, using 13 metrics, including labor market conditions, high-tech industry growth and access to economic opportunities, to create its annual ranking. 

- Advertisement -

According to the institute’s data, the area including Silver Spring, Rockville and Frederick saw a 1.3% increase in job growth from 2022 to 2023. The area also saw a 4.8% wage increase from 2022 to 2023. Short-term job growth from July 2023 to July 2024 was 0.4%. 

When considering access to economic opportunity, 95.5% of households in the area have broadband internet and 70% have affordable housing, according to the institute’s data. 

The neighboring Washington, D.C., metro area ranked No. 62 among large cities in 2025, an improvement from No. 134 in 2023 and No. 98 in 2024. The top-ranked large city was Raleigh, North Carolina, followed by the Ogden-Clearfield area and Salt Lake City, both in Utah. The top small cities included Gainesville, Georgia, and St. George in Utah. 

Digital Partners

Enter our essay contest