Starting a business can be a difficult endeavor no matter where you are. However, there are certain cities where a combination of available employees, services, and friendly tax laws can be a help. According to a new report, launching a startup in Atlanta may be a good play
Overall, Oklahoma City ranked as the best city to start a business in, according to WalletHub. However, Atlanta performed very well. Ranking as the 19th best city in America to launch a startup.
The ranking looked at 182 cities in America, including the 150 most populated cities. The study evaluated three main factors:
- Business Environment: including startups per capita, average growth of small businesses, five-year survival rate, and more.
- Access to Resources: including prevalence of investors, access to capital, number of college educated employees available, etc.
- Business Costs: including available office space, corporate taxes, and labor costs.
Launching a startup in Atlanta wasn’t the best option, as these cities ranked higher according to the above.
The Top 19
- Oklahoma City, Oklahoma
- Austin, Texas
- Sioux Falls, South Dakota
- Missoula, Montana
- Durham, North Carolina
- Bismarck, North Dakota
- Cheyenne, Wyoming
- Billings, Montana
- Charlotte, North Carolina
- Raleigh, North Carolina
- Salt Lake City, Utah
- Denver, Colorado
- Grand Rapids, Michigan
- Miami, Florida
- Orlando, Florida
- Springfield, Missouri
- Casper, Wyoming
- Laredo, Texas
- Atlanta, Georgia
Is Launching a Startup in Atlanta a Good Idea?
Atlanta was recently named one of the best cities in the country for EdTech startups, so its presence on this list is not surprising. Of course, starting a business has its own costs, but if you’re looking at launching a startup in Atlanta, you’ve got to live too! That’s where cost of living comes in!
Cost of living in Atlanta is relatively affordable compared to other large cities in the US. Atlanta ranked outside of the top 50 most expensive cities in America according to City vs City’s cost of living ranking.
By comparison, Denver, Colorado ranked 44th on our cost of living ranking. So even though starting a business in Denver ranked higher than Atlanta, the cost of living between these two cities is vastly different.
In fact, the central Atlanta area ranked 60th out of the 253 cities we ranked. To demonstrate how much location matters, a few miles away in the Atlanta suburbs, the cost of living ranking dropped to 104th out of 253!
Location matters when it comes to cost of living. Taxes, rent, and home prices not only vary based on state or city: but individual zip codes as well. That’s why City vs City calculates cost of living at the zip code level.
The app examines your after tax income, state and local taxes, housing costs, and more all at the zip code level. As a result, you’ll see a detailed, local look at what it costs to live in that zip code.
The best part? Compare that zip code against another of your choosing and see how they match up. If you’re looking to start a business in Atlanta, or anywhere: download City vs City and make sure you check in on your personal cost of living first!