> Small Business > Best Places to Launch

High wages
Prepare to pay up for workers: These metro areas have the highest hourly wages.
Rank Metro area Average hourly wage
1 San Jose, CA $30.92
2 Washington, DC $27.44
3 San Francisco, CA $27.31
4 Bridgeport, CT $26.52
5 Boston, MA $25.81
6 Boulder, CO $25.5
7 Trenton, NJ $25.42
8 New York City, NY $25.39
9 Seattle, WA $24.21
10 Hartford, CT $24.2
11 Ann Arbor, MI $23.5
12 Durham, NC $23.48
13 Anchorage, AK $23.1
14 New Haven, CT $23.03
15 Minneapolis, MN $23.01
16 Los Angeles, CA $22.9
17 San Diego, CA $22.72
18 Denver, CO $22.67
19 Chicago, IL $22.65
20 Baltimore, MD $22.61
21 Sacramento, CA $22.59
22 Santa Rosa, CA $22.51
23 Detroit, MI $22.45
24 Fairbanks, AK $22.43
25 Oxnard, CA $22.43
Source: U.S. Bureau of Labor Statistics 2008 Occupational Employment and Wage Estimates.
Best Places Winners
Find your launch spot
Do you prefer a place that is: Small Medium Large
The factors that matter most to me are:
 Affordable wages  Few foreclosures
 Educated workers  Low housing costs
 Low crime  High local incomes
 A growing economy  Population growth
 Growing small business population

This year we partnered with the Ewing Marion Kauffman Foundation to find the 50 most business-friendly communities in America.

With help from Robert Fairlie, an economist and leading scholar of entrepreneurship at the University of California, Santa Cruz, we developed a methodology and sifted through such data on factors such as per capita income, hourly wages, workforce quality, crime rates, taxes and foreclosures. More

Comments? E-mail the editors

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.