Study Reveals the Best Cities for Remote Entrepreneurs
Re: Study Reveals the Best Cities for Remote Entrepreneurs – Hi David, Just wanted to make sure you did not miss this. A recent study conducted by Hostinger has identified the top cities in the United States for remote entrepreneurs. Summary of Key Findings:New York City ranks as the top destination for remote entrepreneurs.
- New York ranks as the top city for remote entrepreneurs, with the highest number of bank branches and co-working spaces.
- Richmond, Virginia, has the fastest internet speed among the top destinations, providing an ideal digital infrastructure for remote work.
- Austin, Texas, stands out for its combination of zero corporate income tax rate and the highest number of networking events, making it especially appealing for start-ups and networking-driven entrepreneurs.
A recent study conducted by Hostinger identified the top U.S. cities for remote entrepreneurs. Key metrics included the cost of living index, monthly rent costs, safety index, average internet speed, number of co-working spaces, corporate income tax rates, frequency of networking events, and the number of bank branches available in each city. Hostinger’s analysis ranks cities based on a composite score that reflects their overall ecosystem for remote workers.
Highlights from the Top Cities:
| State | City | Cost of Living Index | Rent Per Month | Safety Index | Average Internet Speed | Co-Working Spaces | Corporate Income Tax Rate | Networking Events | Number of Bank Branches | Composite Score |
| New York | New York City | 125.1 | $1,408 | 53.3 | 397.7 | 409 | 6.5% – 7.25% | 5681 | 526 | 100 |
| Texas | Austin | 93.0 | $2,225 | 58.8 | 425.9 | 58 | 0 | 3,634 | 214 | 98 |
| Washington | Seattle | 115.1 | $2,286 | 46.3 | 451.0 | 88 | 0 | 4,623 | 183 | 96 |
| Nevada | Las Vegas | 101.3 | $1,571 | 55.5 | 334.6 | 47 | 0 | 2070 | 193 | 93 |
| Ohio | Columbus | 94.0 | $1,522 | 50.5 | 278.3 | 38 | 0 | 2645 | 139 | 90 |
| Pennsylvania | Philadelphia | 99.0 | $1,826 | 61.7 | 430.8 | 52 | 8.99% | 11500 | 248 | 86 |
| Virginia | Richmond | 103.1 | $1,570 | 51.6 | 505.6 | 11 | 6% | 5,405 | 103 | 81 |
| Arizona | Phoenix | 107.2 | $1,602 | 46.4 | 396.1 | 37 | 4.90% | 5750 | 189 | 78 |
| Florida | Miami | 102.3 | $1,899 | 50.4 | 322.3 | 101 | 5.50% | 6348 | 280 | 77 |
| Georgia | Atlanta | 91.0 | $1,853 | 35.9 | 414.9 | 90 | 5.75% | 4692 | 186 | 77 |
New York City, New York
Composite Score: 100/100
New York City ranks first in the list of top cities for remote entrepreneurs by offering the best ecosystem. The city features the highest number of bank branches at 5,681, providing easy financial access for entrepreneurs. With 409 co-working spaces—the highest among the ranked cities—New York City offers a well-established network and resources for remote business activities.
Austin, Texas
Composite Score: 98/100
Austin ranks as a top hub for remote business activities, combining a moderate cost of living (93.0) and no corporate income tax with the highest average internet speed among all listed cities (425.9 Mbps). Austin offers over 3,600 networking events annually, ranking it as the second-highest in this category.
Seattle, Washington
Composite Score: 96/100
Seattle ranks third, with a cost of living index of 115.1 and the highest internet speed recorded at 451 Mbps. Seattle’s safety index (46.3) and availability of 88 co-working spaces make it an attractive option for remote entrepreneurs. Networking events are also broadly available, totaling over 4,600 annually.
Las Vegas, Nevada
Composite Score: 93/100
Las Vegas is an affordable option for remote entrepreneurs with a cost of living index of 101.3 and an average rent of $1,571. Known for its connectivity, the city has an average internet speed of 334.6 Mbps and a strong presence of banking institutions, with 2,070 branches spread throughout the city, facilitating business operations.
Columbus, Ohio
Composite Score: 90/100
Columbus offers a low cost of living (94.0) and affordable rent averaging $1,522, paired with a reliable internet speed of 278.3 Mbps. Ranking fifth, it provides a solid safety index (50.5) and hosts 2,645 bank branches, making financial services easily accessible for remote entrepreneurs.
Philadelphia, Pennsylvania
Composite Score: 86/100
Philadelphia ranks sixth with the highest number of bank branches (11,500) and a corporate tax rate of 8.99%. With an internet speed of 430.8 Mbps and a safety index of 61.7, Philadelphia offers a comprehensive environment for remote entrepreneurs.
Richmond, Virginia
Composite Score: 81/100
Richmond stands out for its internet speed, recording the highest at 505.6 Mbps. The city offers a solid safety index of 51.6, moderate rent at $1,570, and a manageable cost of living index (103.1), balancing accessibility with financial practicality.
Phoenix, Arizona
Composite Score: 78/100
Ranking eighth, Phoenix has an internet speed of 396.1 Mbps and 37 co-working spaces, making it a viable choice for entrepreneurs. The city’s corporate income tax rate of 4.90% is among the lowest, appealing to tax-conscious remote professionals.
Miami, Florida
Composite Score: 77/100
Miami’s high bank branch availability (6,348) ranks it second in this category, and it offers a reasonable internet speed of 322.3 Mbps. The city’s relatively high rent of $1,899 places it on the pricier end, but Miami’s vibrant business and social atmosphere makes it appealing for remote work.
Atlanta, Georgia
Composite Score: 77/100
Rounding out the top ten, Atlanta provides remote entrepreneurs with a rent of $1,853 and a cost of living index of 91.0. The city has a reliable internet speed of 414.9 Mbps and hosts numerous networking events (4,692), supporting the city’s vibrant entrepreneurial community.
story credit: https://www.hostinger.com/
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David Keech is a retired teacher and works as a sportswriter, sports official and as an educational consultant. He has reported on amateur sports since 2011, known as 'KeechDaVoice.' David can be reached at [email protected]
