Are you wondering what the best cities for eCommerce Businesses are in 2024? There are a lot of factors to consider in 2024 due to the pandemic.
Many online store owners are fed up with the high taxes and lockdowns that are taking place in big cities like New York City and Los Angeles. Meanwhile, entrepreneurs are flocking to cities like Miami and Austin.
Here is a list of the best 10 U.S. cities for online store owners in 2024:
- Austin, Texas
- Miami, Florida
- Atlanta, Georgia
- Nashville, Tennessee
- Raleigh, North Carolina
- Boston, Massachusetts
- Denver, Colorado
- Boulder, Colorado
- Seattle, Washington
- Chicago, Illinois
In this blog post, we will go over why each city is great for online store owners. We will go over taxes, eCommerce industry growth, and more.
Austin, Texas
The tech crowd is flocking to Austin as it actually ranks higher than the San Francisco Bay Area as the number one city for high-tech start-ups in the U.S.A. Its top-tier restaurants, mountain scenery, vibrant nightlife, and a wide variety of cultural activities make Austin an amazing city to work and live in.
Austin’s size and appeal to young people also give online store owners a wide variety of talent to select from. Also, the fact that Texas doesn’t have a state income tax is very appealing.
Also, eCommerce business owners know that the city is known for above-average crowdfunding campaigns and start-up success rates.
Here are some of the best-funded, largest, fastest-growing, and most fascinating Austin eCommerce companies that inspire and grow the online economy:
- BigCommerce
- Volusion
- YETI
- Gembah
- Favor
- RetailMeNot
- ShipStation
- Cratejoy
- Shipgate
Miami, Florida
Miami is well-known as a creative hub with easy access to South and Central America. Online store owners that are attempting to build a business connection with the previously mentioned areas would certainly benefit from living in Miami.
Taxes are way lower than in New York or San Francisco. No state income taxes and a warm climate have brought a wide variety of eCommerce business people to this tropical city.
eCommerce companies, co-working spaces abound, and finance start-ups exist in Miami’s fantastic design district. The multicultural environment, warm weather, and business-oriented environment are just a few of the reasons why online store owners are moving to this great Florida city.
Here are some of the largest, best-funded, fastest-growing, and most interesting Miami eCommerce companies that are drastically growing the online economy:
Atlanta, Georgia
Atlanta, also known as ATL, is one of the most well-kept secrets in tech. Atlanta’s billion-dollar start-ups and fantastic tech ecosystem bring in online store owners from all around the U.S.A.
Venture capital investments in ATL absolutely exploded over the last five to ten years since lots of business people are flocking to the city. ATL is a very business-oriented city and has the tenth biggest economy in the U.S.A.
There are a wide variety of multinational companies based in ATL, including GE, Coca-Cola, as well as Microsoft. Online store owners are moving to ATL because it is affordable and has international connectivity.
Georgia is also one of the best states for retirement as retirement taxes are low. People that are sixty-five and older are given a maximum deduction of $65k per person on all of the different types of retirement income.
Here are some of the largest, best-funded, fastest-growing, and coolest Atlanta eCommerce companies that are drastically growing the online economy:
- Spanx
- Teavana
- Napa Auto Parts
- Bizchair.com
- H-e Parts International
- My Luxury Kitchen and Bath
- Instawares
- National Builder Supply
- Auto Trader
- MetroKitchen
- Resy
- VistaStores
- KontrolFreek
- Fabric.com
- CoolerGaskets
Nashville, Tennessee
Nashville is becoming a force to be reckoned with in the eCommerce industry. There are a wide variety of state-wide entrepreneurial resources that are available to online store owners, such as the Nashville Entrepreneur Center.
Nashville, also known as the “‘Ville”, has plenty of room for both online store owners and their families since there are real estate opportunities all across the ‘Ville. It is a great place to move because of its strong creative community, its unique music scene, its great opportunities for higher education, and affordable cost of living.
As far as taxes go, Tennessee has no state income tax. However, it does have a “hall tax,” which is a 6% tax on interest and dividends.
As far as eCommerce meetups go, Nashville is the place for the Retail Summit’s Nashville Ecommerce Summit. The Nashville eCommerce Operations Summit will take place this year as well.
Here are some of the best-funded, largest, fastest-growing, and most interesting Nashville eCommerce companies that are drastically growing the online economy:
- Mars Petcare
- Tractor Supply
- Kirklands
Raleigh, North Carolina
Raleigh has always had a certain appeal to youngsters, especially since it is home to nationally renowned universities. Raleigh is often called the “City of Oaks” because of the pretty oak trees that line the streets.
Raleigh’s diversity, overall quality of life, and business-oriented culture all make the city an especially attractive place for online store owners who want to get out of Dodge and start an online store.
The City of Oaks offers business support programs for entrepreneurs and many grants that could assist you in making your eCommerce business ideas turn into much more than an idea. Raleigh is particularly good for online store owners that desire a city that is affordable and also has a decent quality of life.
North Carolina has a flat income tax rate of 5.25%. This means that all taxpayers pay this rate regardless of their filing status or taxable income. This can make filing state taxes in the state relatively simple.
Here are some of the largest, fastest-growing, best-funded, and most fascinating Raleigh eCommerce companies that are drastically growing the online economy:
Salt Lake City, Utah
SLC, or Salt Lake City, is home to fast-growing companies, large enterprises, and mid-sized businesses. This city is small in population compared to the others on the list.
However, the metropolitan area has a population of 1.2 million. It is not surprising that SLC is has a young workforce that is highly educated.
Nearly half of Salt Lake City’s professionals aged twenty-five to thirty-four have a Bachelor’s degree. This makes it the ideal place to find brand new talent.
SLC is also an amazing place to conduct business. There are tech companies that are currently competing with Silicon Valley in SLC.
The hard-working Mormon population also makes SLC a great place to launch a start-up. ClickFunnels CEO Rusell Brunson has spent a considerable amount of time in the city.
SLC is also creating a cybersecurity hub that is appealing to a wide variety of tech-oriented professionals from across the globe due to its phenomenal proximity to the red rock deserts as well as numerous national parks. If you are searching for affordable living in a picturesque location, then SLC is for you.
Utah has a simple income taxation system. There is just a single flat rate which means all taxpayers in Utah must pay a 4.95% state income tax rate. The other types of taxes, such as property taxes, are moderate compared to other states.
Below are some of the fastest-growing, largest, best-funded, and most interesting Salt Lake City eCommerce companies that are drastically growing the online economy:
Olive and Cocoa
Liebesonline
Boston, Massachusetts
For people looking to grow their current online store, Boston is an excellent solution. It is the tenth biggest urban area in the U.S.A with a wide variety of sports teams. You will certainly have plenty of people to select from the talent pool.
Real estate in Boston is fairly priced for companies, and searching for a decent apartment to rent is truly quite simple and not difficult at all. Boston is highly populated, but it is still easy to get to know your community, to move around, and not have to constantly worry about commuting for long periods of time.
The state of Massachusetts is home to some of the U.S.A.’s top universities. This means that you will have the ability to network with some of the smartest and most creative minds in the U.S.A.
Denver, Colorado
The city of Denver had the highest rate of venture capital investment in 2018, according to data from Crunchbase. A relatively low cost of living, a wide variety of talent, and Colorado’s natural beauty are all important factors that tend to bring in out-of-state moves.
Online store owners that want to move to Denver tend to do so for its less competitive job market, high quality of life, and affordability. The so-called Mile High City is also very attractive to early-phase businesses due to its budding creatives, an ecosystem of businesspeople, and a wide variety of businesses both in specialty and size.
Boulder, Colorado
Boulder is thought of as a city with a diverse and hard-working population. However, the city has an incredible reputation as an entrepreneurial powerhouse.
In 2015 Nerdwallet.com selected Boulder as one of the best cities in the U.S.A. to start a business. Also, it is considered the top U.S. city for entrepreneurs who are women.
This great city has a wealthy urban center that was ranked as one of the best twenty most industrious metropolitan areas in terms of gross domestic product (GDP).
Boulder has an entrepreneurial system that has been brought up by a wide variety of local venture capital firms, which includes the great Foundry Group. The city has a concentrated variety of established businesses, start-ups, and venture capital.
Boulder truly has all of the needed people to power consistent economic growth. Boulder is an entrepreneurial force that is unlike anything we have seen in the western states.
The city had 6 times more high-tech start-ups per capita than the U.S.A.’s average in 2010. Boulder’s big economy draws millennials in as well as old folks that can fund a business.
The fun that Boulder provides as well as the natural beauty of Colorado, motivates people to stay in the city. As far as taxes go,
Seattle, Washington
The great city of Seattle includes companies such as Amazon, Microsoft, Starbucks, and other notable companies. However, the Emerald City has recently become a decent place for online store owners, top-tier entrepreneurs, start-ups, as well as small business owners.
Seattle has a vibrant, young population that enjoys an exploding tech industry and a wide variety of fascinating, unique shops, restaurants, as well as coffeehouses that are among the many reasons to go to Seattle as an online store owner.
There are business programs as well as incubators at the University of Washington. The schools in the area provide businesses with a wide variety of talent.
Seattle does not offer major tax incentives for online store owners or entrepreneurs in general. However, it does have a decent number of economic development ventures and venture capital firms that will assist young business owners.
Chicago, Illinois
Chicago has been considered a top city for entrepreneurs and eCommerce start-ups for a long time. The Windy City is a great city for online store owners in the Midwest. However, in the U.S.A., it is one of the best cities for start-ups when it comes to profitability, according to PitchBook.
Chicago has a tech community that is slowly becoming more and more respected in the start-up community. KPMG’s survey of more than 700 tech leaders found the city of Chicago as one of the top ten of tech innovation hubs in the world.
The capital market of Chicago is certainly an innovative culture, and that is partially responsible for Chicago’s head-turning ascension on the global ladder. That culture helped raise around $1.7 billion in total funding in a single year.
Final Words on the Best Cities For eCommerce Store Owners in 2024
Selecting a new city to move to can be challenging, especially when the future is filled with uncertainty due to the pandemic. Hopefully, this guide has helped you understand what the best cities are for eCommerce store owners in 2024.
Check out this video on the best countries for eCommerce businesses.