The COVID-19 pandemic has driven many entrepreneurs, business owners and remote workers out of America’s largest cities. Many took it as an opportunity to consider their personal circumstances, which resulted in millions of Americans moving in search of more affordable housing and more space during the pandemic. Online mover marketplace HireAHelper has found that people are leaving big cities like New York City, San Francisco, Los Angeles and Washington DC in favor of cities where their quality of life can improve. This is even more true for tech professionals.
So, if you’re an entrepreneur based in the US and you’re looking for somewhere to relocate in 2023, we’ve got you covered. We’ve looked at some of the top cities around the country with entrepreneurial hotspots and tech hubs to help you make the right choice about where you want to go and become a fast-growing business there. Check out this definitive list of the 10 best US cities for new businesses and entrepreneurs to live and thrive in across the US.
Long considered “one of the best-kept secrets in tech,” Atlanta’s vibrant tech ecosystem and billion-dollar startups are nothing more than a buzz. Venture capital investment in the city has increased over the past 5 years, with many entrepreneurs coming out of institutions like Georgia Tech. It is a very business-friendly city and the 10th largest economy in the United States.
There are many multinational companies based in ATL including Coca-Cola, GE and Microsoft, to name a few. Businesses are moving to this southeastern city because it allows you to cut costs without sacrificing a major city or international connectivity Talk about having it all!
A fan-favorite among the tech crowd, Austin actually surpassed the San Francisco Bay Area as the best city for high-tech startups in the US. Its excellent restaurants, vibrant nightlife, mountain views and availability of cultural activities set it up as a great place to live and work. Not to mention it’s a short 4 hour drive from Dallas when you need a change of scenery!
For small business owners, in particular, the city is known for above-average startup success rates and crowdfunding campaigns. The city’s size and appeal to millennials gives employers a wide talent pool to choose from, and the fact that Texas doesn’t allow a personal income tax is attractive to many. Even Apple could not resist opening an office there!
For those of you hoping to grow your existing business, Boston is a great solution. With the 10th largest urban area in the United States, you’ll have plenty of fish to choose from in the talent pool. Boston real estate is fairly priced for companies, and finding a quality apartment to rent (furnished or unfurnished) is actually pretty easy.
Although it’s fairly populated, it’s easy for you to move around, get to know your community, and not have to worry about commuting for long periods of time. Massachusetts has some of the best universities in the country, which means you’ll have access to some of the brightest minds in the US.
Colorado-based startups saw the highest rate of venture capital investment in 2018 in the last 5 years, according to data from Crunchbase. Affordability, a wide talent pool, and the state’s natural beauty are all factors that attract out-of-state moves. Entrepreneurs looking to move to Denver do so for its quality of life, less competitive job market and lower cost of living.
The Mile High City (you can have some fun calling it that, of course) is also particularly attractive to early-stage businesses thanks to its ecosystem of entrepreneurs, budding creatives, and the diversity of businesses in both size and specialty.
Nevada is known as one of the most business-friendly states in the country, with no business income tax and no personal tax Incorporating a business in Nevada is relatively inexpensive compared to other states thanks to this low tax rate, and the law is known to support local businesses so they can thrive. Not to mention that you will be living in one of the entertainment capitals of the world!
With a year-round warm climate, glitzy hotels and more casinos than you can count, Las Vegas has maintained a certain allure for Americans for a very long time.
Miami is a renowned creative hub with easy access to Latin America. Entrepreneurs and small business owners looking to build a business connection to the region would do well to set up shop in Miami. Lower taxation compared to New York or San Francisco has drawn numerous hedge funds and investors to this sunny startup hub.
Tech companies, finance startups and co-working spaces abound, but so do more creative industries with the launch of Miami’s glamorous design district. The warm climate, multicultural environment and inclusive environment are some of the reasons US entrepreneurs are drawn to this southern city.
If you want to explode into the healthcare scene, Nashville might be the place for you. With 6 of the nation’s 10 for-profit hospital chains based in Nashville and more than 800 healthcare startups, Nashville is establishing itself as a force to be reckoned with in the industry. There are countless state-wide entrepreneurial resources available to business owners in the startup scene, like the Nashville Entrepreneur Center.
There is plenty of room for both families and businesses to grow with plenty of real estate opportunities throughout the city. It’s a great place to move because of its unique music scene, its strong creative community, higher education opportunities, and competitive cost of living.
Raleigh, North Carolina
Home to a nationally renowned university, Raleigh has always had a certain appeal to young people. The city’s quality of life, diversity and culture all make it an attractive place for entrepreneurs to relocate and start businesses. The city offers many grants and business assistance programs to help you take your business idea even further.
Especially good for small businesses, North Carolina’s tourism, hospitality, and retail industries have continued to grow since 2018. This is a great place to go if you are looking for affordable prices, a good quality of life and an outstanding business environment.
Salt Lake City, Utah
Salt Lake City, or SLC, is home to seed companies, medium-sized businesses and large enterprises. Although the population is relatively small (but has a metropolitan area of 1.2 million), Salt Lake City boasts a young and highly educated workforce. About 45.1% of SLC’s young professionals aged 25-34 have a bachelor’s degree or higher, making it the perfect place to find new talent.
It’s a great place to do business, competing with Silicon Valley as a great place to launch a startup The city is also growing as a cybersecurity hub and is appealing to many professionals from across the country due to its incredible location near the red rock desert and numerous national parks. If you are looking for affordable living in a nice place, this is it.
With year-round warm weather, a relatively low cost of living compared to other Florida cities like Miami or Orlando, and a highly rated school system, Tampa should definitely become a top relocation destination.
With an unemployment rate dropping to just 2.50% (lower than the national average), the city promises opportunities for entrepreneurs and those looking for a more traditional job path. Several startup events and incubators like Tampa Bay Wave and Startup Week Tampa Bay ensure there’s no shortage of ways to make it as an entrepreneur. Whether you’re building apps or running humanitarian initiatives, Tampa is a great place to be.
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