PHOENIX- Both Chandler, Arizona and Scottsdale, Arizona were named in the top 10 best untapped cities for startups in 2020.
In a new report by Fundera, they ranked Chandler, Arizona eighth and Scottsdale, Arizona 10th.
Fundera compiled information on 50 mid-sized cities with populations under 500,000. They assessed each city based on “labor pool, average labor cost, office space cost, average cost of living, and proximity to a larger startup ecosystem.”
“Scottsdale has a highly educated population, with 56.8% of residents having at least a bachelor’s degree. The city also has a well-deserved reputation for attracting affluent residents. With a median income of $88,071 and an average living wage, you’ll need to be prepared to hire fewer people for your startup and pay them more.”
“Chandler has a less well-educated population, with 43.8% of the population having a bachelor’s degree or higher. However, Chandler has cheaper office space ($18.21 per square foot per year) and less furious rental price growth than Scottsdale.”
Among the finding, Gilbert, Arizona was ranked 23rd, and Glendale, Arizona in 28th.