Stockton and other Central Valley cities, best California cities to start a small business
Central Valley Business Times
• It’s ranked fifth in the state, 34th in the nation
• Fresno almost ties with San Francisco
With this being “National Small Business Week” and half of Americans working for small businesses, the personal finance website WalletHub has released its report on “2019’s Best Large Cities to Start a Business.”
WalletHub says it compared 100 U.S. cities across 19 key indicators of startup viability. The data set ranges from five-year business-survival rate to office-space affordability.
Here is WalletHub’s rankings for the California cities itincluded in its report:
• Oakland, 19th nationally
• Irvine, 20th
• Los Angeles
• San Diego, 30th
• Stockton, 34th
• Long Beach, 37th
• San Jose, 42nd
• San Francisco, 44th
• Fresno, 45th
• Chula Vista, 51st
• San Bernardino, 52nd
• Sacramento, 54th
• Bakersfield 56th
• Anaheim, 65th
• Santa Ana, 72nd
• Fremont, 90th
Best vs. Worst
• Toledo, Ohio, has the lowest average annual rent for office space, $11.93 per square foot, which is 6.7 times cheaper than in San Francisco, the city with the highest at $80.22 per square foot.
• Detroit has the lowest labor costs (median annual income), $27,838, which is 4.4 times lower than in Fremont, the city with the highest at $122,191.
• Laredo, Texas, has the lowest cost-of-living index, 77, which is 2.5 times lower than in San Francisco, the city with the highest at 196.
• Miami, Florida, has the most startups per 100,000 residents, 234.72, which is 3.2 times more than in Winston-Salem, North Carolina, the city with the fewest at 74.40.
For the full report:
https://wallethub.com/edu/best-cities-to-start-abusiness/2281/ – main-findings