Forbes has ranked Charlotte lower on its 13th annual list of best places for business and careers.
The Queen City is 22nd on the list of the 200 largest metropolitan statistical areas in the U.S. It was No. 17 last year.
Raleigh is No. 1 after being No. 3 last year.
Here’s what Forbes said of Raleigh:
“It is one of those locales with a strong university presence helping fuel growth in the area — albeit in an East Coast state, a rarity in the upper part of the list. Raleigh and nearby Durham – ranked No. 31 — get a strong boost from three elite schools in the surrounding area in University of North Carolina, Duke University and North Carolina State.”
Forbes said Raleigh’s “low business costs” — 18 percent below the national average — and “a smart labor force” — 42 percent have a college degree, Forbes said — make North Carolina’s capital “an attractive spot for employers like First Citizens Bank and Progress Energy.
“Job seekers get it: The net migration rate to Raleigh was the second highest in the U.S. over the past five years.”
At No. 1 last year: Des Moines, Iowa.