Austin, Denver, Seattle, Raleigh and Washington, DC are the top markets for momentum in STEM jobs growth, according to RCLCO Real Estate Consulting, with Austin ranked first for the second consecutive year. For high concentration of current STEM employment, the leading market is San Jose.
RCLCO’s 2023 STEM Job Growth Index (STEMdex) projects which metropolitan areas will have the strongest outlook for growth in STEM jobs, based on 25 different indicators. Published annually since 2016, the STEMdex tracks and projects STEM job growth trends across the country by analyzing the economies of the largest metro areas.
“STEM jobs are characterized by a highly educated workforce and are some of the highest paying, most economically productive jobs in any market,” said Gregg Logan, managing director of RCLCO. “Their importance in the economy cannot be overstated and our STEMdex, now in its seventh year of publication, aims to highlight the markets that currently feature strong levels of industry employment, and those likely to see strong growth in the future.”