Orlando is a Top 10 Market for Economic Success in the U.S.

Chris Owen • 1/7/2020
Orlando is one of the leading bright spots in the longest economic expansion in U.S. history.

Orlando Economic Success Map

The Orlando-Kissimmee-Sanford Metropolitan Statistical Area (MSA) ranks high in Area Development’s “2019 Leading Metro Locations” report, released the first week of 2020. What stands out in Central Florida is the region’s relatively young, educated workforce and diversified economy that has grown beyond its traditional tourist base.

Area Development studied the leading large, mid-size and small metros throughout the country and ranked them by several categories: Overall Rank, Economic Strength, Prime Workforces, Year-Over -Year Growth and Mid-term (5-Year) Growth.

Here’s where Orlando stands:

Orlando Economic Success Table

  • The overall ranking has Orlando at #9 out of 399 metros studied and number #2 in the Southeast, behind Spartanburg, South Carolina, which is roughly 15% the size of Orlando.
  • Compared to other large metros in the U.S. with a population over 500,000, the Orlando MSA is the only Southeast metro in the Top 10. Not even Tampa, Miami or Atlanta made the cut.
  • Based on prime workforce indicators, which include migration of college-educated workers, percentage of population between 25 and 45, and increases in hourly earnings, the Orlando MSA ranks #1 in the Southeast and #8 for large metros across the U.S.

Related Insights

Tony Napier Military Uniform Photo
Article • Commentary

ORLANDO - Veterans’ Voices: Tony Napier

Tony was commissioned as a Second Lieutenant in the Army Infantry and progressed through the ranks to retire as a Major. He was originally stationed at Fort Benning, Georgia, with the 3rd Battalion 75th Ranger Regiment and ended his Military career at Fort Richardson, Alaska, where he was part of the 501st Airborne Infantry Regiment.
Anthony Napier • 11/7/2018
self storage midyear report
Insights • Capital Markets

Self-Storage Midyear National Report

Pre-COVID-19, the self-storage market was on an upward trajectory. Construction spending had slowed down, facilities were leasing up, and demand for self-storage product was strong.
Mike Mele • 6/16/2020
The Villages - America's Fastest-Growing Metro
Article • Residential

ORLANDO - The Villages: America's Fastest Growing Metro

According to new U.S. Census data, the fastest-growing metro area in the United States is once again The Villages, a booming retirement community in Central Florida.
Chris Owen • 10/8/2019

Would You Like To Learn More?

Our professionals are ready to provide further details on this and many other topics.