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Boston Metro Ranked No. 9 for Young Entrepreneurs

Boston ranked #9 for young entrepreneurs

The Boston metro area is the ninth-best in the U.S. for young entrepreneurs, according to a new ranking by the personal finance website NerdWallet.

To compile the ranking, NerdWallet evaluated 181 U.S. metropolitan areas based on the following criteria:

The NerdWallet report on the rankings cited the Boston metro’s highly educated population, noting, “Many industries require an increasingly technical and skilled workforce.” With 45.2 percent of residents holding a bachelor’s degree or higher, Boston ranked No. 6 among the metros studied in this area. Boston also ranked No. 3 for median earnings ($60,168).

The rankings echo what Olivia Vanni of the website BostInno recently wrote about Boston metro universities:

As I keep tabs on startup activity throughout Boston’s various college campuses, the continuous stream of new ventures never ceases to amaze me. Every time I think I have a good grasp on the latest and coolest companies starting at each school, a whole new crop comes onto my radar.

Here is the full list of NerdWallet’s 10 best metros for young entrepreneurs.

1. Austin-Round Rock, Texas

2. San Francisco-Oakland-Hayward, California

3. Salt Lake City, Utah

4. Denver-Aurora-Lakewood, Colorado

5. Minneapolis-St.Paul-Bloomington, Minnesota and Wisconsin

6. Seattle-Tacoma-Bellevue, Washington

7. Madison, Wisconsin

8. Midland, Texas

9. Boston-Cambridge-Newton, Massachusetts and New Hampshire

10. Fargo, North Dakota

 

About the Author

Sarah is a staff writer, covering London-area MBA news for MetroMBA.

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