Oklahoma City Listed Among Best Cities in U.S. to Start a New Business

This past May WalletHub compared the relative startup opportunities of 100 large cities across the U.S. They used 19 key metrics, ranging from the five-year business-survival rate in each area to office-space affordability. After analyzing the findings, Oklahoma City was named among the best of all the cities studied. In fact, only a single city—Orlando, Florida—ranked higher, making Oklahoma City the second best city in the nation to start a new business, according to WalletHub. In determining which cities were the best for launching a business, WalletHub compared three key dimensions: 1) Business Environment, 2) Access to Resources and 3) Business Costs. Each of the 19 key metrics used to rank the cities fell within one of these three dimensions. The metrics were each graded on a 100-point scale, with a score of 100 representing the most favorable conditions for startups. Each city’s weighted average across all metrics was determined by calculating its overall score and the resulting scores were used to rank-order each city. Overall, Oklahoma City had one of the cheapest cost-of-living rates and high accessibility to financing. The Top Ten Cities are as follows:

1. Orlando, Florida
2. Oklahoma City, Oklahoma
3. Miami, Florida
4. Austin, Texas
5. Tampa, Florida
6. Charlotte, North Carolina
7. Durham, North Carolina
8. Raleigh, North Carolina
9. Atlanta, Georgia
10. Denver, Colorado

You can read WalletHub’s report on the entire study HERE.