LendingTree Study Finds Seattle, Louisville and Indianapolis Rank Highest for Most Profitable Businesses
Key findings
Seattle takes the top spot with an astounding 71 percent of firms reporting profits. Of the rest of the firms inSeattle , 16 percent reported losing money and 13 percent reported breaking even.Louisville, Kentucky took the second spot with 69.98 percent of businesses or 9,380 out of 13,404 recorded profits.Indianapolis took the third spot with 69.92 percent of businesses or 15,001 of 21,455 businesses reported profits.Houston was the unfortunate champion of the unprofitable firm. According toCensus Bureau data, 23 percent of firms there report a loss.
Here are the top 10 U.S. metros with the largest shares of profitable businesses:
Seattle - 70.93 percentLouisville, Ky. - 69.98 percentIndianapolis - 69.92 percentPortland, Ore. - 69.85 percentDenver - 69.37 percentColumbus, Ohio - 69.09 percentMinneapolis - 69.05 percentMilwaukee - 68.44 percentNashville, Tenn. - 68.21 percentCharlotte, N.C. - 67.93 percent
Here are the 10 U.S. metros with the largest shares of businesses posting losses:
Houston - 23.37 percentVirginia Beach, Va. - 21.99 percentSan Jose, Calif. - 20.40 percentDallas - 20.27 percentPittsburgh - 20.24 percentBaltimore - 19.80 percentSan Antonio - 19.66 percentBirmingham, Ala. - 19.61 percentNew York - 19.57 percentSt. Louis - 19.30 percent
To view the full report, visit:
https://www.lendingtree.com/business/metro-areas-most-profitable-businesses/
Methodology
In order to rank the metro areas with the highest share of profitable firms, researchers compared the total number of firms with employees in a metro area to the number of firms in a metro area reporting profits. This gave the share of profit-making firms by metro area. The metro areas were ranked highest to lowest based on this figure.
Data for all figures come from the 2016
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