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Susan Avant

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On the strength of its economic environment, Austin is the fourth-best U.S. city to be employed by a small business, according to a new study from personal finance website WalletHub.

The study examined the 100 most-populated U.S. cities across two factors: small business environment and economic environment. Using 11 metrics, such as the number of small businesses, small business job growth, median income and unemployment rates, the website crunched the numbers to rank the cities.

Austin had the second-highest median annual income of any city on the list when adjusted for cost of living. It also had the third-highest earnings for employees of small businesses when adjusted for cost of living, and came in fourth place when unemployment and population growth projections were tabulated.

However, the city is in the middle of the pack when it comes to the overall number of small businesses per capita, ranking 34th out of 100.

By:  Michael Theis

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