Wallet Hub

Location is the key for entrepreneurial innovation, or at least that's the premise of a study by personal finance website Wallet Hub.

"There is always room in the market for new ideas … if you know where to look," the study says in the introduction.

In order to judge the best locations for new business start-ups, Wallet Hub rated each city according to 14 key indicators, namely:

Access to financing

Cost of office space

Corporate taxes

Employee availability

Local cost of living

Average annual salary

Length of average workday

Workforce education level

Entrepreneurial activity

5-year survival rate of start-ups

Number of businesses per capita

Real estate affordability

Industry variety

Rank in the Small Business Friendliness Index

According to Wallet Hub's assessment of these metrics, no Utah city placed in the top 30. In fact the closest was Salt Lake City at no. 70. The study did, however, recognize Salt Lake City for having the highest amount of "Small Business Lending," with an average of $61.77 loaned per business.

Here we've compiled the list of the top 30 cities for entrepreneurial innovation, as well as some relevant census data for each city.

30 Columbus, OH
Wikimedia commons

Mean travel time to work: 21.2 minutes

Median household income: $43,992

Total number of businesses as of 2007: 56,957

Unemployment rate: 5.5 percent.

29 Kansas City, Mo.
Wikimedia commons

Mean travel time to work: 21.3 minutes

Median household income: $45,150

Total number of businesses as of 2007: 35,820

Unemployment rate: 5.4 percent.

28 Wichita, Kan.
Wikimedia commons

Mean travel time to work: 12.2 minutes

Median household income: $51,098

Total number of businesses as of 2007: 360

Unemployment rate: 5.2 percent.

27 Detroit, MIch.
Wikimedia commons

Mean travel time to work: 26.4 minutes

Median household income: $26,955

Total number of businesses as of 2007: 50,588

Unemployment rate: 8.0 percent.

26 Sioux Falls, S.D.
Wikimedia commons

Mean travel time to work: 16.2 minutes

Median household income: $51,882

Total number of businesses as of 2007: 15,065

Unemployment rate: 3.1 percent.

25 Huntsville, Ala.
Wikimedia commons

Mean travel time to work: 18.1 minutes

Median household income: $48,632

Total number of businesses as of 2007: 14,556

Unemployment rate: 4.9 percent.

24 Springfield, Mo.
Wikimedia commons

Mean travel time to work: 16.9 minutes

Median household income: $33,379

Total number of businesses as of 2007: 17,220

Unemployment rate: 4.6 percent.

23 Montgomery, Ala.
Wikimedia commons

Mean travel time to work: 18.8 minutes

Median household income: $43,390

Total number of businesses as of 2007: 19,208

Unemployment rate: 5.9 percent.

22 Mobile, Ala.
Wikimedia commons

Mean travel time to work: 24.1 minutes

Median household income: $42,973

Total number of businesses as of 2007: 34,836

Unemployment rate: 6.5 percent.

21 Chattanooga, Tenn.
Wikimedia commons

Mean travel time to work: 18.7 minutes

Median household income: $37,160

Total number of businesses as of 2007: 17,465

Unemployment rate: 6.8 percent.

20 Laredo, Texas
Wikimedia commons

Mean travel time to work: 21.2 minutes

Median household income: $39,011

Total number of businesses as of 2007: 20,520

Unemployment rate: 5.9 percent.

19 Corpus Christi, Texas
Wikimedia commons

Mean travel time to work: 19.2 minutes

Median household income: $47,029

Total number of businesses as of 2007: 26,041

Unemployment rate: 5.4 percent.

18 Shreveport, La.
Wikimedia commons

Mean travel time to work: 18.5 minutes

Median household income: $38,465

Total number of businesses as of 2007: 16,715

Unemployment rate: 5.0 percent.

17 Grand Rapids, Mich.
Wikimedia commons

Mean travel time to work: 19.3 minutes

Median household income: $39,070

Total number of businesses as of 2007: 15,528

Unemployment rate: 5.6 percent.

16 Brownsville, Texas
Wikimedia commons

Mean travel time to work: 18.9 minutes

Median household income: $31,605

Total number of businesses as of 2007: 14,645

Unemployment rate: 9.5 percent.

15 Colorado Springs, Colo.
Wikimedia commons

Mean travel time to work: 20.9 minutes

Median household income: $54,351

Total number of businesses as of 2007: 41,023

Unemployment rate: 7.2 percent.

14 Amarillo, Texas
Wikimedia commons

Mean travel time to work: 17.3 minutes

Median household income: $45,659

Total number of businesses as of 2007: 18,729

Unemployment rate: 4.0 percent.

13 Port St. Lucie, Fla.
Wikimedia commons

Mean travel time to work: 30.6 minutes

Median household income: $49,236

Total number of businesses as of 2007: 15,752

Unemployment rate: 7.2 percent.

12 Oklahoma City, Okla.
Wikimedia commons

Mean travel time to work: 20.2 minutes

Median household income: $45,704

Total number of businesses as of 2007: 56,575

Unemployment rate: 4.8 percent.

11 El Paso, Texas
Wikimedia commons

Mean travel time to work: 22.4 minutes

Median household income: $40,808

Total number of businesses as of 2007: 52,919

Unemployment rate: 8.0 percent.

10 Las Vegas, Nev.
Wikimedia commons

Mean travel time to work: 25.2 minutes

Median household income: $52,601

Total number of businesses as of 2007: 54,557

Unemployment rate: 8.9 percent.

9 Cape Coral, Fla.
Wikimedia commons

Mean travel time to work: 26.8 minutes

Median household income: $50,214

Total number of businesses as of 2007: 18,476

Unemployment rate: 5.8 percent.

8 Columbus, Ga.
Wikimedia commons

Mean travel time to work: 19.1 minutes

Median household income: $41,443

Total number of businesses as of 2007: 15,425

Unemployment rate: 7.6 percent.

7 Tulsa, Okla.
Wikimedia commons

Mean travel time to work: 18.3 minutes

Median household income: $40,781

Total number of businesses as of 2007: 41,148

Unemployment rate: 5.4 percent.

6 New Orleans, La.
Wikimedia commons

Mean travel time to work: 22.8 minutes

Median household income: $36,681

Total number of businesses as of 2007: 27,166

Unemployment rate: 4.7 percent.

5 Memphis, Tenn.
Wikimedia commons

Mean travel time to work: 21.5 minutes

Median household income: $36,817

Total number of businesses as of 2007: 52,144

Unemployment rate: 8.6 percent.

4 Jackson, Miss.
Wikimedia commons

Mean travel time to work: 19.8 minutes

Median household income: $33,434

Total number of businesses as of 2007: 15,385

Unemployment rate: 8.0 percent.

3 Augusta, Ga.
Wikimedia commons

Mean travel time to work: 19.9 minutes

Median household income: $38,714

Total number of businesses as of 2007: N/A

Unemployment rate: 7.2 percent.

2 Fayetteville, N.C.
Wikimedia commons

Mean travel time to work: 19.9 minutes

Median household income: $44,756

Total number of businesses as of 2007: 12,942

Unemployment rate: 7.8 percent.

1 Jacksonville, Fla.
Wikimedia commons

Jacksonville, Fla. takes the top spot in WalletHub's list because of the city's impressive five year small business survival rate (it currently has the second-highest in the country) as well as easily accessible funding for small businesses.

According to Wallet Hub, "'Where Florida begins' just so happens to be where small business begins these days."

Mean travel time to work: 23.5 minutes

Median household income: $48,143

Total number of businesses as of 2007: 64,114

Unemployment rate: 5.6 percent.