December 30th, 2013
National Village residents know that the Auburn-Opelika area is the ideal choice when buying a home in Alabama. In addition to the amenities that National Village residents enjoy in our resort community, there are ample reasons to love living in the Auburn-Opelika area overall. The area enjoys a distinct charm and electric atmosphere from being the home to Auburn University, and boasts incredible shopping, dining, entertainment and cultural attractions. There’s clearly a lot to love about Auburn-Opelika, and according to a recently released report, the economy is just another reason it’s a great place to live. The report, released by economic think tank the Milken Institute, ranked Auburn-Opelika in the top 50 best-performing small metros in the nation.
The report measures the top 200 best-performing large metro areas and 179 best-performing small metro areas across the nation. Economic growth and the area’s ability to create and sustain jobs are analyzed to determine how well the areas are performing. Growth in jobs, wages, salary and technology are all factors that influence the rankings.
Auburn-Opelika made an impressive improvement from last year's report, jumping from an overall rank of 89 to its current rank of 37. This is due to the improvement in ranking for various individual components in the area, including the following:
· Five-year job growth
· One-year job growth
· Short-term job growth
· One-year wages and salary growth
It’s impressive that Auburn-Opelika has improved in several areas of job growth in particular because it’s an important indicator of how the overall economy is fairing. Creating and sustaining high-quality jobs in metro areas is key for the future success of local economies, and according to the data, the Auburn-Opelika area seems to be fairing particularly well with this component.
Other Alabama metro areas made the list for both large and small best-performing metros, but no area had as high of a ranking as Auburn-Opelika. Other Alabama areas that also showed improvement in their ranking from last year's report include Birmingham-Hoover, Tuscaloosa and Gadsden.
Though this particular survey doesn’t measure housing indicators, Auburn-Opelika’s high ranking speaks volumes about the economic health of the area in general. A healthy economy is undoubtedly a positive asset to any area, and is just one of the many reasons that Auburn-Opelika is an excellent place to live and buy a home. Homeowners who are looking to enjoy all that Auburn-Opelika has to offer can find everything they’re looking for in National Village. No other community in the area compares to the incredible amenities and new construction homes in National Village, allowing our residents to enjoy all the benefits of living in Auburn-Opelika in unsurpassed style, luxury and convenience.
SOURCES: al.com, The Milken Institute