Best Cities to Start a Business in Nevada

Last updated: March 19th, 2024

Once known primarily for its gambling oases and long stretches of desert, Nevada has emerged as one of the smallest business-friendly states in America.

For one, its cost of living compares very favorably to those of New York and California. Entrepreneurs looking to draw in potential employees are able to ensure that their paychecks won’t be swallowed up by obscene rental prices or outlandish grocery bills.

Also, those looking to start a business in Nevada benefit from the state’s very lenient tax policies: no personal income tax to speak of and a law that states business owners don’t even have to be residents of the state in order to run a company within its borders.

Another development that entrepreneurs find appealing is the rapid development of affordable housing and comfortable office space in the state. On account of its population boom, Nevada’s real estate market has taken off in recent years. With so many new homes and buildings being constructed, there’s a real sense felt among the state’s budding entrepreneurial class of being able to shape communities ideal for life and business.

The promise of building a startup mecca from scratch has attracted scores of individuals and companies, such as Elon Musk’s Tesla, which built its Gigafactory on the outskirts of Reno. This has garnered Nevada a startup density that is number one in the nation, with over 100 start-ups per 1000 businesses.

NVNorth Las VegasClark

Only cities with over 50,000 inhabitants are reported in the results. Some data had to be interpolated to the county level and extrapolated to all the cities in the county. We concentrated on the following metrics to obtain our ranking: Cost of livingBest state for businessUnemploymentKauffman index, and Universities.

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