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If you’re thinking about starting a business, but aren’t interested in going to a big city, you might want to consider moving to Utah.
That’s according to a new report from WalletHub, which found the best small cities to start a business in 2022. Out of the top 10 small cities, five were in Utah.
For its report, WalletHub analyzed 1,334 cities with a population of between 25,000 and 100,000 residents, not including the surrounding metro area.
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WalletHub compared those cities based on 18 metrics in three categories: business environment, access to resources and business costs.
Aside from the overall ranking, WalletHub also found how cities did within specific metrics.
For example, four cities – St. Cloud, Minnesota; Florence, Alabama; Michigan City, Indiana; and Aberdeen, South Dakota – tied for the city with the most accessible financing, while Rapid City, South Dakota, was found to have the least accessible financing.
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Bethesda, Maryland, was found to have the most educated workforce, while Coachella, California, was found to have the least educated workforce.