These Are the Top 10 Best Cities to Launch a Small Business

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Will be used in accordance with our Privacy Policy
These Are the Top 10 Best Cities to Launch a Small Business
Image credit: Dennis Macdonald | Getty Images
Downtown city at Cheyenne Wyoming WY.
Entrepreneur Staff
Staff Writer. Covers leadership, media, technology and culture.
2 min read

Where is the best city to start a small business? If you think that you'll only make an impact by heading to San Francisco, New York or Boston, the findings of a recent survey from financial planning platform WalletHub may surprise you.

The study examined 1,268 cities around the country and assessed factors such as the average growth of the number of small businesses, the revenue for those companies, access to resources such as financing and investors, the cost of living and the affordability of office space and the overall cost of living.

Related: 9 Hot Startup U.S. Cities That Aren't San Francisco or New York

Weslaco, Texas, has the lowest cost-of-living index, which is six times lower than in Beverly Hills, Calif., the city that perhaps unsurprisingly has the highest. Meanwhile, up the coast, tech enclave Mountain View, Calif. has the most expensive office space, costing $65.87 per square foot. But entrepreneurs setting up shop in WalletHub's eighth best city, Dothan, Ala., and 51st Kentwood, Mich., pay the lowest price, at $8.76 per square foot.

Michigan is also home to the shortest average work week, with East Lansing, Mich., residents clocking in at 28 hours a week. Neighboring Carbondale, Ill., has the lowest overall labor costs, at $17,677, 11 times lower than McLean, Va., that claims the highest at $188,639. Carbondale, which is ranked at number 22, also has the lowest median annual income.

Related: 25 Cities Worth Moving to If You Want to Launch a Business

Muncie, Ind., is the city with the most accessible financing opportunities while Nashua, N.H., brings up the rear in that regard. Miami Beach, Fla., has most startups per capita, and Salisbury, Md., has the least. But Maryland is also home to the most educated workforce -- 82.2 percent of the Bethesda's population has earned a bachelor's degree or higher.

Read on for the top 10 cities that are most welcoming to small-business owners. We've also listed each state's largest industry in terms of employment, according to the Bureau of Labor Statistics. To check out the full study, head over to WalletHub.

10. Deerfield Beach, Fla.
9. Cheyenne, Wyo.
8. Dothan, Ala.
7. Clearfield, Utah
6. Inver Grove Heights, Minn.
5. La Vergne, Tenn.
4. Jefferson City, Mo.
3. Brighton, N.Y.
2. North Chicago, Ill.
1. Holland, Mich.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.