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The Bozeman area has the strongest economy for a city with fewer than 50,000 people in the U.S., according to a new national report.

Each year, independent research firm POLICOM ranks areas for “economic strength” — the long-term tendency for a place to grow in size and quality. For a second year in a row, Bozeman topped the micropolitan list.

“The rankings do not reflect the latest ‘hotspot’ or boom town, but the areas which have the best economic foundation,” William H. Fruth, president of POLICOM, said in a statement.

Bozeman was one of 551 micropolitan areas in the report. Each has an urban center of at least 10,000 but fewer than 50,000 people. To ensure it’s more than a fleeting trend, the rankings measured 23 factors over 16 years.

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