Miami has been ranked among the top cities in the United States for women-owned businesses, underscoring its growing reputation as a hub for female entrepreneurship.
In a new study released for International Women’s Month, CoworkingCafe placed Miami at No. 6 among the largest U.S. metropolitan areas, citing strong business formation rates, workforce participation, and economic growth.
Women-owned businesses account for 25.1 per cent of all firms in the Miami metro area, ranking eighth nationally for that metric alone. The report points to this as evidence of a thriving entrepreneurial culture where women are playing a significant role in shaping the local economy.
The city’s standout performance is largely driven by its startup activity. Miami ranks first among large U.S. metros for business formation, with 4,031 new businesses per 100,000 residents, and also leads in self-employment at 15.7 per cent. These figures position the city as one of the most active entrepreneurial ecosystems in the country.
Economic expansion has also supported this growth. Since 2019, the metro area has recorded nearly 39 per cent GDP growth, placing it eighth among large markets. Women-owned businesses employ more than 229,000 workers, highlighting their substantial contribution to the regional economy.
On the earnings side, median income for women stands at US$39,096, with a women-to-men pay ratio of 80 cents on the dollar—one of the more equitable figures among metros analysed.
The study also highlights Miami’s educational advantage. While more than 35 per cent of women hold a bachelor’s degree or higher, the city ranks first for the share of women with business degrees at 23.4 per cent, strengthening the pipeline of entrepreneurs and business leaders.
However, the report notes that Miami’s cost of living remains above the national average, with a regional price parity of 111.8. Coworking memberships also reflect this, with median monthly costs at US$235.
Despite these higher costs, Miami’s overall performance signals a strong and expanding environment for women-led enterprises, as the geography of entrepreneurship in the United States continues to evolve.
The top five cities in the ranking were Austin, Denver, Raleigh, Washington, D.C., and Atlanta.
