Strong Housing Market Tied To Success Of Small Businesses

best and worst states to start a business

A strong local housing market is very closely tied to the strength of the local economy and small businesses are one of the of the biggest driving forces in many local economies.

In a recent study, WalletHub compared the 50 states across 26 metrics for startup success, assigning each state a number in each category, then computing which states are the most business-friendly overall.

The results are hardly surprising: High-tax states in the northeast offer some of the worst conditions for businesses, while low-tax states in the Sun Belt have some of the best conditions.

States that offer the right conditions for success, such as access to cash, skilled workers, affordable office space and other factors, can be critical in helping a business thrive.
See the complete ranking below:

  1. Texas
  2. Utah
  3. Georgia
  4. North Dakota
  5. Oklahoma
  6. Florida
  7. Arizona
  8. California
  9. Montana
  10. Colorado  
  11. Idaho
  12. Washington
  13. Mississippi
  14. North Carolina
  15. Louisiana
  16. Kansas
  17. Minnesota
  18. Michigan
  19. Nebraska
  20. Tennessee
  21. Kentucky
  22. South Dakota
  23. Maine
  24. Indiana
  25. Nevada
  26. Oregon
  27. New Mexico
  28. Alaska
  29. Alabama
  30. Wisconsin
  31. Arkansas
  32. Missouri
  33. Wyoming
  34. Ohio
  35. Illinois
  36. Massachusetts
  37. Iowa
  38. South Carolina
  39. Virginia
  40. Maryland
  41. West Virginia
  42. New York
  43. Vermont
  44. Delaware
  45. Pennsylvania
  46. Connecticut
  47. Hawaii
  48. New Hampshire
  49. New Jersey
  50. Rhode Island