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Report Reveals Best Cities for Hispanic Entrepreneurs in 2018

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After comparing 182 US cities on 23 key indicators, WalletHub released its 2018 report on the best cities for Hispanic entrepreneurs.

WalletHub created the list by looking at cities that were Hispanic friendly. But the report also examined the purchasing power of Hispanic populations in these cities.

The vast majority of more than 4.37 million Hispanic businesses in the United States are classified as small businesses. And when these entrepreneurs establish or expand their businesses, the information can be combined with additional data to help other entrepreneurs decide where to locate.

This report highlights the contribution of the Hispanic business community to the US economy, which, according to the Hispanic Chamber of Commerce of the United States, is rising at 700 billion dollars a year. This demographics also makes a lot better when it comes to employment. The Bureau of Labor Statistics (BLS) says that 76 percent of Hispanic men are employed, higher than white or black men in the United States.

Source: WalletHub

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The report compared 182 cities, which were also the 150 most populated US, and at least two of the most populous cities in each state. Twenty-three relevant metrics were used to evaluate "Hispanic Business-Amicality" and "Hispanic Purchasing Power."

The measurements were then ranked on a scale of 100 points, with the highest values ​​being the best. Some of the measures were: Share of businesses owned by Hispanics; Hispanic entrepreneurship rate; Presence of the Hispanic Chamber of Commerce; Score for small businesses; Affordability Income Growth for Hispanics; Hispanic unemployment rate; Hispanic occupation mode; and growth of the city.



Top Five Cities

Laredo, TX

The best city was Laredo, Texas with an overall score of 61.72. He reached the first place by being no. 1 in the Hispanic Business-Friendship ranking and no. 10 in the Hispanic Purchasing Power ranking. He went to no. 2 for the highest percentage of Hispanic residents.

South Burlington, VT

Second place went to South Burlington, Vermont, with an overall score of 61.10. He ranks 10 on the scale of friendship and no. 1 in purchasing power.

Charleston, West Virginia

Charleston, West Virginia with an overall score of 57.40 and 32 and number 3 for the kindness and rank of purchases complete the top 3. Charleston also had the highest rate Hispanic entrepreneur.

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Corpus Christi, Texas

With an overall score of 57.29, Corpus Christi, Texas is the fourth largest city in Texas to rank in the top 10. 7 in the field of business and 12 in the ranking of purchasing power.

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City of Oklahoma, OK

An overall score of 55.56 gave Oklahoma City, Oklahoma the no. 5 place. The city also ranked no. 6 and no. 38 for business usability and purchasing power, respectively.

Pembroke Pines, Florida; Amarillo, Texas; San Antonio, Texas; Bismarck, North Dakota; and Casper, Wyoming completed the top 10.

You can look at some of the other data points in the WalletHub report below with the complete list.

Best cities for Hispanic entrepreneurs in 2018

Overall rating (1 = best) City Total score Hispanic ranking of business affairs Hispanic Power Ranking
1 Laredo, TX 61.72 1 10
2 South Burlington, VT 61.10 10 1
3 Charleston, WV 57.40 32 3
4 Corpus Christi, Texas 57.29 7 12
5 City of Oklahoma, OK 55.56 6 38
6 Pembroke Pines, FL 54.93 13 16
7 Amarillo, TX 54.70 9 26
8 San Antonio, TX 54.59 12 18
9 Bismarck, ND 54.52 87 2
10 Casper, WY 53.92 14 22
11 Miami, Florida 53.68 2 101
12 Tulsa, OK 53.59 5 79
13 Grand Prairie, TX 53.10 40 6
14 Sioux Falls, SD 52.98 15 31
15 Cheyenne, WY 52.89 8 56
16 Tampa, FL 52.84 3 110
17 Irving, TX 52.78 30 11
18 Fort Worth, TX 52.53 27 19
19 El Paso, TX 52.25 18 39
20 Austin, TX 52.19 33 17
21 Orlando, FL 52.19 11 51
22 Hialeah, FL 52.01 4 120
23 Juneau, AK 51.91 61 9
24 Overland Park, KS 51.77 59 7
25 Plano, TX 51.71 46 14
26 Huntington, WV 51.65 77 8
27 Gilbert, AZ 51.58 106 4
28 City of the Valley of the West, UT 51.54 25 35
29 Houston, TX 51.23 19 49
30 Boise, ID 51.21 34 21
31 Dallas, TX 50.89 22 48
32 Denver, CO 50.64 23 52
33 Lewiston, ME 50.40 91 5
34 Scottsdale, AZ 50.22 43 30
35 Quick City, SD 50.19 35 37
36 Irvine, CA 50.15 56 20
37 Brownsville, TX 50.13 17 75
38 Springfield, MO 50.00 21 66
39 St. Petersburg, Florida 49.84 65 13
40th Columbia, MD 49.70 68 15
41 Fort Lauderdale, FL 49.45 16 89
42 Jacksonville, FL 49.37 42 43
43 Salt Lake City, Utah 48.99 20 88
44 Cape Coral, FL 48.62 51 45
45th Peoria, AZ 48.36 74 24
46 Arlington, TX 48.35 29 81
47 Henderson, NV 48.19 60 36
48 Chesapeake, VA 48.16 66 29
49 Atlanta, GA 48.12 28 87
50th Aurora, CO 48.08 54 46
51st Portland, ME 47.77 52 54
52 Mesa, AZ 47.75 41 72
53 Lubbock, TX 47.70 53 50
54 Nashville, TN 47.47 73 33
55 Billings, MT 47.31 26 105
56 Raleigh, North Carolina 47.15 100 23
57 Tempe, AZ 47.12 93 27
58 Colorado Springs, Colorado 46.91 55 61
59 Fargo, ND 46.66 62 58
60th Port St. Lucie, FL 46.63 36 97
61 New Orleans, LA 46.29 38 106
62 Nampa, ID 46.16 85 44
63 Garland, TX 46.15 72 55
64 Chandler, AZ 46.08 95 40
65 Santa Ana, California 45.99 49 95
66 Durham, North Carolina 45.79 116 32
67 Fremont, California 45.76 123 34
68 Kansas City, MO 45.68 64 73
69 St. Louis, MO 45.65 48 108
70 Gulfport, MS 45.56 45 111
71 Albuquerque, NM 45.33 57 92
72nd Baton Rouge, LA 45.29 39 121
73rd Anchorage, AK 45.09 99 53
74 Ontario, CA 44.91 80 71
75th Bakersfield, California 44.66 63 94
76 Phoenix, AZ 44.59 92 63
77 Virginia Beach, VA 44.58 71 85
78 Lincoln, NE 44.57 89 68
79 Shreveport, LA 44.44 44 134
80 Burlington, VT 44.16 50 122
81 Las Vegas, NV 44.11 70 98
82 Las Cruces, NM 43.86 47 137
83 Columbus, OH 43.61 128 57
84 Charlotte, North Carolina 43.60 103 78
85 Chattanooga, TN 43.57 112 74
86 Fort Wayne, Indiana 43.51 126 64
87 Cincinnati, OH 43.49 117 69
88 Washington, DC 43.31 151 41
89 Cedar Rapids, IA 43.24 118 77
90 Charleston, South Carolina 43.18 110 83
91 Wichita, KS 43.01 83 107
92 Fontana, California 42.94 152 42
93 Huntington Beach, California 42.94 96 96
94 Riverside, California 42.91 81 109
95 Santa Clarita, California 42.78 94 102
96 Portland, OR 42.71 82 112
97 Glendale, AZ 42.66 121 84
98 Pittsburgh, PA 42.66 170 25
99 Reno, NV 42.66 107 93
100 Oxnard, CA 42.47 125 86
101 Greensboro, North Carolina 42.47 114 90
102 Lexington-Fayette, KY 42.41 136 76
103 Omaha, NE 42.40 104 103
104 Aurora, IL 42.32 115 91
105 Anaheim, California 42.08 58 146
106 Fort Smith, AR 41.99 142 65
107 Tucson, AZ 41.98 37 160
108 Little Rock, AR 41.93 122 100
109 Rancho Cucamonga, California 41.83 144 67
110 San Francisco, California 41.80 79 132
111 Moreno Valley, California 41.59 142 80
112 Indianapolis, Indiana 41.56 130 99
113 North Las Vegas, NV 41.53 163 47
114 Warwick, RI 41.41 175 28
115 Mobile, AL 41.38 84 133
116 Seattle, WA 41.13 155 62
117 Richmond, VA 40.96 124 114
118th Baltimore, MD 40.94 148 82
119 Knoxville, TN 40.87 139 104
120 Tallahassee, FL 40.77 101 135
121 Honolulu, HI 40.74 105 130
122 Grand Rapids, MI 40.56 67 150
123 Birmingham, AL 40.54 75 149
124 Nashua, NH 40.49 157 70
125 Huntsville, AL 40.36 88 144
126 Oceanside, California 40.30 119 129
127 Des Moines, IA 40.30 167 59
128 San Jose, California 40.23 131 119
129 Jackson, MS 40.19 24 175
130 Louisville, KY 40.14 129 124
131 Newport News, VA 39.90 113 139
132 Chula Vista, California 39.87 108 143
133 San Diego, California 39.69 86 155
134 Santa Rosa, California 39.59 137 128
135 Missoula, MT 39.51 31 172
136 Norfolk, VA 39.47 120 141
137 Fayetteville, North Carolina 39.46 97 148
138 Chicago, IL 38.90 111 153
139 Columbus, GA 38.90 133 140
140 Toledo, OH 38.80 78 163
141 Columbia, South Carolina 38.76 146 127
142 Los Angeles, California 38.74 76 164
143 Madison, WI 38.66 90 158
144 Sacramento, California 38.57 138 142
145 City of Pearls, HI 38.56 127 147
146 Memphis, TN 38.45 153 118
147 Dover, DE 38.17 177 60
148 Stockton, California 37.76 135 154
149 San Bernardino, California 37.75 149 138
150th Long Beach, California 37.63 102 165
151st Fresno, California 37.43 134 157
152 Modesto, California 37.39 160 123
153 Tacoma, WA 37.29 162 125
154 Minneapolis, MN 37.19 171 113
155 Winston-Salem, North Carolina 37.14 109 166
156 Montgomery, AL 36.91 141 156
157 Yonkers, NY 36.57 150 152
158 Garden Grove, California 36.45 166 136
159 Salem, OR 36.39 173 116
160 Spokane, WA 36.28 174 117
161st Oakland, California 36.21 169 131
162 Manchester, NH 36.07 132 168
163 Milwaukee, WI 35.62 165 145
164 Akron, OH 35.60 176 126
165 Augusta, GA 35,45 147 159
166 New York, NY 35.38 69 182
167 Glendale, CA 35,20 164 151
168 Boston, MA 34,75 98 179
169 St. Paul, MN 34.72 154 162
170 Vancouver, WA 34.64 179 115
171 Philadelphie, PA 33.68 161 167
172 Detroit, MI 32.91 158 170
173 Jersey City, NJ 32.89 172 161
174ème Rochester, NY 32.82 140 176
175 Worcester, MA 32.40 145 177
176 Newark, NJ 30.60 156 181
177 Buffalo, NY 30.56 168 174
178 Wilmington, DE 30.25 159 180
179 Cleveland, OH 30.18 178 169
180 Bridgeport, CT 28.61 180 171
181ème Providence, RI 27.32 182 173
182 New Haven, CT 27,19 181 178
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