Raleigh has ranked No. 3 in Forbes magazine’s annual list of the “Best Places for Business & Careers.” North Carolina landed four metros in the top 25 with Durham, Asheville and Charlotte joining Raleigh. Raleigh ranked No. 32 in cost of doing business, No. 22 in job growth and No. 13 in education.
Raleigh, a major center in the U.S. for high-tech and biotech research, is home to a number of colleges and universities including Duke University, North Carolina State and University of North Carolina at Chapel Hill, which have a notable economic impact on the area.
Forbes has tracked the business climates of the largest metro areas for 21 years, comparing the 200 largest metros this year on 14 metrics related to jobs, incomes and economic growth; business and living costs; and education levels (a ranking of smaller metros can be found here). Other factors included migration, culture and leisure opportunities, and workplace tolerance laws. Data was provided by Moody’s Analytics, Sperling’s Best Places, U.S. Census, Cushman & Wakefield and the Movement Advancement Project.
Raleigh also recently ranked the No. 2 City for Best Real Estate Prospects in 2020.