The Milken Institute’s annual list looks at 13 factors including economic opportunities, job and wage growth, labor market conditions and affordable housing. It defines the Raleigh metro area as the Raleigh metropolitan statistical area, which includes Wake, Johnston and Franklin counties.

Job growth, wages and the tech sector in Raleigh were cited as reasons in the report by the Milken Institute. A new report from Milken names Raleigh the nation’s best-performing large metropolitan area.

The Charlotte region’s economic growth fell when compared to other large U.S. metro areas, while Raleigh’s was the best in the country, according to a new study from a nonprofit think tank. The Milken Institute ranked Charlotte’s metro at No.