The Houston/Galveston metro has been ranked the 6th most affordable place to start a business in the United States.
With an estimated 6.89 million residents spanning 8265.8 square miles. According to the Bureau of Economic Analysis, the Houston metro area’s GDP, estimated at $490 billion, is the 7th highest of any metro in the United States and is considered an alpha city by the GaWC Research Network, both indicating sizeable economic success.
Considering Houston’s metro is tied with San Antonio’s for the highest average investment in small business, and the proximity to great food, the Gulf of Mexico coast, and attractions like Minute Maid Park and the NASA Space Center, we would definitely suggest considering starting a business here.
- Startup density: 25.40%
- Startup growth: 10.17%
- VC businesses: 0.7%
- Workers employed by startups: 6.54%
- Self-employed workers: 2.8%
- Education: 24.65% with bachelor’s or higher
- Cost of living: 101.7%