Best States to Start a Business | Worst States to Start a Business |
1. Utah | 41. Maryland |
2. Florida | 42. Virginia |
3. Texas | 43. North Dakota |
4. Colorado | 44. Pennsylvania |
5. Idaho | 45. Wyoming |
6. Georgia | 46. Rhode Island |
7. Arizona | 47. New Jersey |
8. Nevada | 48. West Virginia |
9. Oklahoma | 49. Connecticut |
10. California | 50. Alaska |
Best vs. Worst
- Iowa has the cheapest average annual rent for office space, $12.08 per square foot, which is 2.2 times cheaper than in New York, the state with the most expensive at $26.66 per square foot.
- Mississippi has the lowest labor costs (median annual income), $46,511, which is 1.9 times lower than in Maryland, the state with the highest at $87,063.
- Massachusetts has the highest share of college-educated population, 44.50 percent, which is 2.1 times higher than in West Virginia, the state with the lowest at 21.30 percent.
- Wyoming has the most startups per 100,000 residents, 214.67, which is three times more than in West Virginia, the state with the fewest at 72.20.
https://wallethub.com/edu/best-states-to-start-a-business/36934
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