The Eastside is a pretty great place for the young and hustling to get their business off the ground. Home to Microsoft and other tech giants, the Pacific Northwest put itself on the map for its beautiful views and, of course, its entrepreneurial spirit.
The Seattle-Tacoma-Bellevue area is seventh-best when it comes to young entrepreneurs, according to a NerdWallet study.
The study took into account the area’s population of those age 25-34, percentage of the population with a college education, the per capita amount of Small Business Administration loans, the number of businesses per 100 people, median income, median home price, and unemployment rate.
The Seattle-Tacoma-Bellevue area narrowly outranked popular-but-spendy startup hub San Francisco, mainly because the median home price is $350,000 lower than that of the Bay Area.
Not all aspects of the study are positive. The Seattle-Tacoma-Bellevue area has the highest unemployment of the 10 cities that made the list.
Boulder, Colorado took first prize, thanks to its high percentage of college-educated residents, percentage of businesses per 100 people and its low unemployment rate.
The cities outranking the Eastside are Boulder; Minneapolis-St. Paul-Bloomington, Minnesota; Salt Lake City, Utah; Austin-Round Rock, Texas; Denver-Aurora-Lakewood; and Fort Collins, Colorado.
Coming in at eighth through 10th are San Francisco-Oakland-Hayward, California; Fargo, North Dakota-Moorhead, Minnesota; and Missoula, Montana.
Read the full study here.