Where do female entrepreneurs fare best?
Nationwide, 7.7% of female workers own their own business, according to data from the U.S. Census Bureau. For many of these women, entrepreneurship offers more flexibility than traditional jobs, which is appealing.
But starting a business is also risky. The median annual income for full-time female entrepreneurs is $40,000, slightly lower than the median annual income among all full-time female workers of $43,000.
Compared to men, women earn less across all worker classes. However, the gender wage gap among full-time entrepreneurs – a full $15,000 per year difference – is the largest.
Here are the large metro areas where female entrepreneurs fare best:
15. San Jose-Sunnyvale-
Santa Clara, CA
–Median income for full-time female entrepreneurs (adjusted): $44,309
–Median income for full-time female entrepreneurs (actual): $58,000
–Median income for all full-time female workers (actual): $68,000
–Percentage of female workers that are entrepreneurs: 8.2%
14. Cincinnati, OH-IN-KY
–Median income for full-time female entrepreneurs (adjusted): $44,444
–Median income for full-time female entrepreneurs (actual): $40,000
–Median income for all full-time female workers (actual): $44,000
–Percentage of female workers that are entrepreneurs: 4.9%
13. Seattle-Tacoma-Belleville, WA
–Median income for full-time female entrepreneurs (adjusted): $44,723
–Median income for full-time female entrepreneurs (actual): $50,000
–Median income for all full-time female workers (actual): $55,000
–Percentage of female workers that are entrepreneurs: 9.4%
12. Las Vegas-Henderson, NV
–Median income for full-time female entrepreneurs (adjusted): $44,923
–Median income for full-time female entrepreneurs (actual): $43,800
–Median income for all full-time female workers (actual): $40,000
–Percentage of female workers that are entrepreneurs: 8.1%
11. Providence-Warwick, RI, MA
–Median income for full-time female entrepreneurs (adjusted): $45,135
–Median income for full-time female entrepreneurs (actual): $45,000
–Median income for all full-time female workers (actual): $48,000
–Percentage of female workers that are entrepreneurs: 5.3%
10. Washington-Arlington-Alexandria,
DC, VA, MD, WV
–Median income for full-time female entrepreneurs (adjusted): $47,297
–Median income for full-time female entrepreneurs (actual): $56,000
–Median income for all full-time female workers (actual): $63,000
–Percentage of female workers that are entrepreneurs: 7.6%
9. Tuscon, AZ
–Median income for full-time female entrepreneurs (adjusted): $47,319
–Median income for full-time female entrepreneurs (actual): $45,000
–Median income for all full-time female workers (actual): $37,600
–Percentage of female workers that are entrepreneurs: 9.2%
8. Hartford, CT
–Median income for full-time female entrepreneurs (adjusted): $49,116
–Median income for full-time female entrepreneurs (actual): $50,000
–Median income for all full-time female workers (actual): $56,000
–Percentage of female workers that are entrepreneurs: 6.6%
7. Portland-Vancouver, OR, WA
–Median income for full-time female entrepreneurs (adjusted): $49,164
–Median income for full-time female entrepreneurs (actual): $50,000
–Median income for all full-time female workers (actual): $50,000
–Percentage of female workers that are entrepreneurs: 10.6%
6. Austin-Round Rock, TX
–Median income for full-time female entrepreneurs (adjusted): $49,751
–Median income for full-time female entrepreneurs (actual): $50,000
–Median income for all full-time female workers (actual): $49,000
–Percentage of female workers that are entrepreneurs: 9.2%
5. Raleign, N.C.
–Median income for full-time female entrepreneurs (adjusted): $51,975
–Median income for full-time female entrepreneurs (actual): $50,000
–Median income for all full-time female workers (actual): $47,400
–Percentage of female workers that are entrepreneurs: 7.8%
4. Memphis, TN, MS, AR
–Median income for full-time female entrepreneurs (adjusted): $54,885
–Median income for full-time female entrepreneurs (actual): $50,000
–Median income for all full-time female workers (actual): $40,000
–Percentage of female workers that are entrepreneurs: 4.4%
3. Louisville, KY, IN
–Median income for full-time female entrepreneurs (adjusted): $55,006
–Median income for full-time female entrepreneurs (actual): $50,000
–Median income for all full-time female workers (actual): $41,000
–Percentage of female workers that are entrepreneurs: 5.0%
2. Birmingham, AL
–Median income for full-time female entrepreneurs (adjusted): $56,351
–Median income for full-time female entrepreneurs (actual): $50,040
–Median income for all full-time female workers (actual): $42,000
–Percentage of female workers that are entrepreneurs: 5.2%
1. Denver-Aurora, CO
–Median income for full-time female entrepreneurs (adjusted): $56,444
–Median income for full-time female entrepreneurs (actual): $60,000
–Median income for all full-time female workers (actual): $50,000
–Percentage of female workers that are entrepreneurs: 8.8%
