Commodity.com recently released its report on the U.S. cities with the highest number of entrepreneurs. Two Louisiana cities made the list of the top 15 cities with the highest percentage of workers who are business owners, based on census data.
“Researchers also calculated the total number of business owners, the total number of new business applications in 2020, median annual income for full-time business owners, and median annual income for all full-time workers,” explained Commodity.com.
The New Orleans and Metairie areas ranked #8 on the list, where 12.3 percent of the workers are business owners. The other Louisiana city to make the list was Lafayette, ranking at #13, with 11.7 percent of the population as business owners.
Keep reading for additional stats from Commodity.com’s findings:
New Orleans-Metairie – #8
- Total number of business owners: 68,738
- Total number of new business applications in 2020: 29,830
- Median annual income for full-time business owners: $50,000
- Median annual income for all full-time workers: $50,000
Lafayette – #13
- Total number of business owners: 27,264
- Total number of new business applications in 2020: 7,620
- Median annual income for full-time business owners: $50,000
- Median annual income for all full-time workers: $48,000
“After an initial drop in new business applications in early 2020, monthly business applications soared to record levels,” revealed Commodity.com. “The most recent data shows that applications remain significantly higher than they were a few years ago.”
Read more at: commodity.com/blog/entrepreneur-cities.