Albuquerque One of Top Cities for Economic Growth
Stronger wages and small business resources build long-term prosperity
ALBUQUERQUE – Albuquerque has been named one of the nation’s top 10 large cities for economic growth in a new report from Coworking Cafe. The study ranked Albuquerque 9th nationally, highlighting the city’s strength, diverse economy, and growing prosperity.
From 2019 to 2023, Albuquerque earned 53.4 points in a nationwide analysis of GDP, employment, earnings, housing, trade, and infrastructure, ranking it among the top large U.S. cities. In just four years, the city’s GDP and median earnings each climbed 30%. Ongoing investments in infrastructure, housing, and workforce development continue to fuel that growth.
Programs like Job Training Albuquerque (JTA) and the Small Business Office (SBO) directly contribute to that success. Since 2020, JTA has trained more than 3,500 workers, boosting wages by an average of 25%. The SBO has also supported 1,861 businesses and coached 402 entrepreneurs since July 2023.
“Albuquerque’s ranking shows that the city’s strategy to invest in residents is paying off,” said Mayor Tim Keller. “We are building a city that works for everyone.”
“Albuquerque is the economy of opportunity,” said Economic Development Director Max Gruner. “Here, people don’t just live; they build, grow, and thrive.”
Albuquerque ranked alongside other leading metros including Austin, Sacramento, Jacksonville, Phoenix, and Fort Worth.
Learn more about resources and opportunities available through the Economic Development Department at ABQEDD.com.