10 Best Cities For Young Entrepreneurs

NerdWallet tallied the top metro areas by population to determine this (surprising!) list of the best cities for young founders. With an equal weighting of loan data, cost of living, business activity, education and income, they’ve crunched the numbers to tally an overall score for 42 major cities. These 10 came out on top—and (shockingly!) the Alley and the Valley are nowhere to be found.

 

No. 10 Houston, Texas

1267-10-houston-hotelroomsearch
Photo via hotelroomsearch.com
  • C&I Loans: $250M
  • Cost of Living Index: 94.2
  • Businesses per 100 Residents: 9.9
  • Population with a Bachelor’s Degree: 28.4%
  • Average income: $26,849

 

No. 9 Omaha, Nebraska

1267-09-omaha
Photo Credit : Thinkstock
  • C&I Loans: $51M
  • Cost of Living Index: 89.4
  • Businesses per 100 Residents: 8.1
  • Population with a Bachelor’s Degree: 27.8%
  • Average income: $26,113

 

No. 8 Austin, Texas

1267-08-austin
Photo Credit : texasgreenreport
  • C&I Loans: $28M
  • Cost of Living Index: 94.4
  • Businesses per 100 Residents: 10.8
  • Population with a Bachelor’s Degree: 44.5%
  • Average income: $31,170

 

No. 7 Minneapolis, Minnesota

1267-07-minneapolis-etsy
Photo Credit : etsy.com
  • C&I Loans: $52M
  • Cost of Living Index: 110.8
  • Businesses per 100 Residents: 10.4
  • Population with a Bachelor’s Degree: 44.7%
  • Average income: $30,693

 

No. 6 Seattle, Washington

1267-06-seattle-seattlejobsfinder
Photo via seattlejobsfinder.com
  • C&I Loans: $41M
  • Cost of Living Index: 116.2
  • Businesses per 100 Residents: 12.5
  • Population with a Bachelor’s Degree: 55.8%
  • Average income: $41,695

 

No. 5 Oklahoma City, Oklahoma

1267-05-oklahoma

  • C&I Loans: $118M
  • Cost of Living Index: 90.5
  • Businesses per 100 Residents: 10.3
  • Population with a Bachelor’s Degree: 27.9%

 

No. 4 Raleigh, North Carolina

1267-04-raleigh-vagabondish.com
Photo via vagabondish.com
  • C&I Loans: $44M
  • Cost of Living Index: 90.9
  • Businesses per 100 Residents: 10.5
  • Population with a Bachelor’s Degree: 47.3%
  • Average income: $30,377

 

No. 3 Atlanta, Georgia

1267-03-atlanta-knowatlanta.com
Photo via knowatlanta.com
  • C&I Loans: $62M
  • Cost of Living Index: 95
  • Businesses per 100 Residents: 9.8
  • Population with a Bachelor’s Degree: 46.1%
  • Average income: $35,884
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No. 2 Tampa, Florida

1267-02-tampa-fineartamerica.com
Photo via fineartamerica.com
  • C&I Loans: $79M
  • Cost of Living Index: 92.2
  • Businesses per 100 Residents: 11.5
  • Population with a Bachelor’s Degree: 32.2%
  • Average income: $28,863

 

No. 1 Tulsa, Oklahoma

1267-01-tulsa-theusatravel.net
Photo via theusatravel.net
  • C&I Loans: $125M
  • Cost of Living Index: 88.3
  • Businesses per 100 Residents: 10.7
  • Population with a Bachelor’s Degree: 29.5%
  • Average income: $26,727

 

This feature originally appeared in Forbes.

 

 

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