WalletHub Study: 2015’s Best Cities to Start a Business

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WalletHub Press Release

With the number of self-employed Americans expected to rise to more than 60 million by 2020, the leading personal finance social network WalletHub conducted an in-depth analysis of 2015’s Best Cities to Start a Business.

In order to help aspiring entrepreneurs maximize their chances for long-term prosperity, WalletHub analyzed the relative start-up opportunities that exist in the 150 most populated U.S. cities. We did so using 13 key metrics, such as the number of small businesses per capita, financing accessibility and the educational attainment of the local workforce.

Best Cities to Start a Business Worst Cities to Start a Business
1 Shreveport, LA 141 Anaheim, CA
2 Tulsa, OK 142 San Jose, CA
3 Springfield, MO 143 Santa Ana, CA
4 Chattanooga, TN 144 Oakland, CA
5 Jackson, MS 145 Ontario, CA
6 Sioux Falls, SD 146 Fremont, CA
7 Memphis, TN 147 Yonkers, NY
8 Augusta, GA 148 Garden Grove, CA
9 Greensboro, NC 149 Jersey City, NJ
10 Columbus, GA 150 Newark, NJ

Key Stats

  • Office space is four times more affordable in Toledo, Ohio, than in San Francisco.
  • The median annual salary is four times higher in Fremont, Calif., than in Detroit.
  • The cost of living is two times higher in New York than in Laredo, Texas.
  • The workforce is six times more educated in Irvine, Calif., than in Santa Ana, Calif.
  • The number of small businesses per capita is two times higher in Miami than in Bakersfield, Calif.

For the full report and to see where your city ranks, please visit:

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