Hate the big city life, but you still want a good chance at success when you launch your startup?
Wallethub surveyed cities with populations between 25,000 and 100,000 residents. They graded these cities on a 100-point scale on 18 metrics within three key dimensions:
- Business Environment (50 points possible),
- Access to Resources (25 points possible), and
- Business Costs (25 points possible).
In the Business Environment category, the Wallethub survey considered Average Length of Work Week, Average Commute Time, Average Growth in Number of Small Businesses, Startups per Capita, Average Revenue per Business, Average Growth of Business Revenues, and Industry Variety.
In the Access to Resources category, the Wallethub survey considered Financing Accessibility, Investor Access, Human-Resource Availability, Higher-Education Assets, Workforce Educational Attainment, Working-Age Population Growth, and Job Growth.
In the Business Costs category, the Wallethub survey considered, Office-Space Affordability, Labor Costs, Corporate Taxes, and Cost of Living.
The top 10 cities on the list are:
- Holland, MI
- George, U
- Aberdeen, SD
- Wilson, NC
- Cheyenne, WY
- Clearfield, UT
- Ogden, UT
- Bismarck, ND
- Bozeman, MT
- Fort Myers, FL
To use the interactive map below, focus in on a specific area, hover over a group of dots, then move your mouse and hover over one specific “dot” in the magnified area that pops up. Note that the more purple indicates more highly rated small cities and green indicates small cities located more toward the bottom of the list.