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Best Cities for Entrepreneurs

Entrepreneurs need to make their dollars last, hire great people, and avoid burnout, so these cities have low sales and income tax, a high percentage of college graduates, and plenty of bars, music venues, and performing arts centers.

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Methodology

We determined the best cities for entrepreneurs by comparing the 541 cities in our database across 7 categories. Each category is evaluated over a range of metrics with each metric being judged on a different point scale, as indicated below. Cities that receive the maximum points for each metric are determined to be the most desireable and appear higher in the list.

Job Market - Total Points: 31

  • Proportion of population with bachelor's degree1 - Points: 15
  • Employment rate2 - Points: 15

Internet - Total Points: 21

  • Average download speed4 - Points: 10
  • Share of population with access to wired broadband 100mbps or faster4 - Points: 5
  • Share of population with access to wired broadband 25mbps or faster4 - Points: 5

Rent - Total Points: 15
*

  • Median rent price3 - Points: 15

Recreational Activities - Total Points: 15
**

  • Bars per household5 - Points: 6
  • Performing arts centers per household6 - Points: 3
  • Performing arts centers6 - Points: 3
  • Golf courses7 - Points: 3

Taxes - Total Points: 6
*

  • Income tax for median earners8 - Points: 4
  • Sales tax8 - Points: 2

Connectivity - Total Points: 6

  • Train stations - Points: 3
  • Number of airports in close proximity - Points: 3

Local Transportation - Total Points: 5

  • Commute time (avg)2 - Points: 5
*
Points doubled for value calculation
**
Points doubled for fun calculation

Sources