May 31, 2020

2019's Best Large Cities to Start a Business

| 5/6/2019

Personal-finance website WalletHub has released its report on 2019’s Best Large Cities to Start a Business.

In order to help aspiring entrepreneurs maximize their chances for long-term prosperity, WalletHub compared 100 U.S. cities across 19 key indicators of startup viability. The data set ranges from five-year business-survival rate to office-space affordability.

 
Best Large Cities to Start a Business
1 Orlando, FL   11 Fort Worth, TX
2 Oklahoma City, OK   12 Jacksonville, FL
3 Miami, FL   13 Houston, TX
4 Austin, TX   14 St. Petersburg, FL
5 Tampa, FL   15 Dallas, TX
6 Charlotte, NC   16 San Antonio, TX
7 Durham, NC   17 Irving, TX
8 Raleigh, NC   18 Laredo, TX
9 Atlanta, GA   19 Oakland, CA
10 Denver, CO   20 Irvine, CA
 
Best vs. Worst
  • Toledo, Ohio, has the lowest average annual rent for office space, $11.93 per square foot, which is 6.7 times cheaper than in San Francisco, the city with the highest at $80.22 per square foot.
     
  • Detroit has the lowest labor costs (median annual income), $27,838, which is 4.4 times lower than in Fremont, California, the city with the highest at $122,191.
     
  • Laredo, Texas, has the lowest cost-of-living index, 77, which is 2.5 times lower than in San Francisco, the city with the highest at 196.
     
  • Miami, Florida, has the most startups per 100,000 residents, 234.72, which is 3.2 times more than in Winston-Salem, North Carolina, the city with the fewest at 74.40.
 
To view the full report and your city’s rank, please visit: 
https://wallethub.com/edu/best-cities-to-start-a-business/2281/  

Tags: Press Release

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

What Florida’s broken unemployment system means for its workers
What Florida’s broken unemployment system means for its workers

Florida has drawn national attention for having one of the least supportive unemployment systems in the country. It has been one of the slowest states to pay claims, with some waiting since March, before the official safer-at-home order went into effect April 3.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you think Florida businesses are reopening too soon during the COVID-19 crisis?

  • Yes
  • No
  • Undecided
  • Other (Please share your comments in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2020 Trend Magazines Inc. All rights reserved.