Moody's ranks Philadelphia, Pittsburgh among top potential Amazon HQ2 cities

Moody's Analytics has ranked Philadelphia and Pittsburgh among the top five potential Amazon HQ2 cities after analyzing data in five broad categories.

The company's analysts said they considered business environment, human capital, cost, quality of life and transportation to develop their rankings.

Philadelphia ranked third, and Pittsburgh fifth. Austin Texas ranked first. However, analysts said that when geography was included in their analysis, Philadelphia and Pittsburgh moved up the list to first- and second-place, due to their access to the northeast corridor and Washington, D.C., as well as the number of Amazon fulfillment centers located in Pennsylvania.

Moody's said it only considered metropolitan areas with a population of one million people or more. Both cities have submitted bids for the company's second headquarters.