Analysis: These Cities Are Home to the Highest-Income Entrepreneurs

By Hayden Field, Associate Editor at Entrepreneur.com

Authority Magazine
Feb 14 · 2 min read

Researchers ranked the largest metro areas in the U.S. by income premium for founders, compared to that of their 9-to-5 counterparts.



or many U.S. entrepreneurs, success may be synonymous with the southwest.

That’s according to an analysis of 2018 U.S. Census Bureau data, which found that with a median annual income of $50,000, full-time entrepreneurs in many parts of the U.S. aren’t making more than their 9-to-5 counterparts — in fact, they’re generally bringing home less than full-time nonprofit and government workers.

But the analysis, which was conducted by online LLC service ZenBusiness, also highlighted the large metro areas home to America’s “most successful” founders, and southwestern cities like Salt Lake City, Denver and Las Vegas won top billing. Researchers ranked the areas by their income premium for entrepreneurs, or the percentage difference between the median annual income for full-time entrepreneurs and that of all full-time workers. In those select locations, the average median income for entrepreneurs breaks $55,000 — about $6,000 more than that of other full-time workers.

Salt Lake City came in first place with a 24.5 percent income premium for entrepreneurs, followed by the Denver-Aurora-Lakewood metro area of Colorado, where about one in 10 workers is an entrepreneur (defined in this case as a self-employed worker with an incorporated or unincorporated business). Other metro areas ranked in the top 10 include Las Vegas-Henderson-Paradise, N.V., Memphis, Tenn., and San Antonio-New Braunfels, Tex.

For a more detailed breakdown of the results, take a look at the infographic below.

Authority Magazine

Leadership Lessons from Authorities in Business, Film, Sports and Tech. Authority Mag is devoted primarily to sharing interesting feature interviews of people who are authorities in their industry. We use interviews to draw out stories that are both empowering and actionable.

Authority Magazine

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Authority Magazine is devoted to sharing interesting feature interviews of people who are authorities in Business, Film, Sports and Tech.

Authority Magazine

Leadership Lessons from Authorities in Business, Film, Sports and Tech. Authority Mag is devoted primarily to sharing interesting feature interviews of people who are authorities in their industry. We use interviews to draw out stories that are both empowering and actionable.

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