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Jan 11

It takes passion, determination, and resources to start a business. Entrepreneurs can get mentorship and support from incubators.

Nearly every city offers some kind of program to support startups. Some cities have more resources and offer greater financial support. If you need to give every dollar to your startup, this can cause problems.

To find the most promising places for startup development, we've looked at all the cities across the country. This was done by evaluating the quality of their programs as well as the cost of living.

  1. Austin, Texas

    One of America's most vibrant tech community is found in Austin. Austin is home to one of America's most vibrant tech communities.

    When compared to other tech hubs, Austin's cost of living score score score is 109. This is quite surprising. This is just 9 percent lower than the national median.

    Population: 1,011,790 Rent a 1-bedroom apartment: $1500 Median listing home price: $590,000

  2. Provo, Utah

    Silicon Slopes was named for its close skiing and tech-saturated economy. It runs roughly from Logan (an hour north Salt Lake City), to St. George at Utah’s border. Its epicenter is Provo. Novell and WordPerfect were just two of the many notable startups established in this region. Microsoft still has offices in Provo. The state is supportive of businesses and offers low taxes. The number of venture capitalists is increasing. This is where startups thrive. Many incubators and accelerators can help startups grow.

    According to Areavibes Provo's cost-of-living index score is 99. It is lower than the national average. It's also ideal for outdoor activities like hiking, skiing, or mountain biking.

    Population: 116,594 Rent a 1-bedroom apartment for $13,300 Median listing home price: $399,000

  3. Atlanta, Georgia

    Atlanta is home to 16 Fortune 500 companies like Delta Airlines, Coca-Cola, and Home Depot. Startups have access to resources such as EO Atlanta (Georgia Tech) and Atlanta Technology Angels(Georgia Tech).

    Atlanta's median home price is $90,000. This is more than the national average of $300,000. This is higher than the national average of $300,000. The median Austin home price is $590,000. This is almost $200,000 less than Atlanta.

    Population: 524,067
    Rent a 1-bedroom apartment for $2,000
    Median listing home price: $394,900

  4. Miami, Florida

    University of Miami and Florida International University are two of the many universities in Miami. The University of Miami and Florida International University are two of the blessings of local universities.

    Miami's cost-of-living index score of 112 indicates that it is 11 percent more expensive to live there. You could pay as high as $3500 per monthly downtown. Renting is more affordable than buying a home if you have the finances.

    Population: 478,251
    Rent a 1-bedroom apartment for $2,500
    Median listing home price: $450,000

  5. Pittsburgh, Pennsylvania

    Steel City is on track to be a Startup City. Argo AI, Petuum. It's not surprising, considering Pittsburgh boasts 29 universities. The city has many incubators and accelerators that can provide support for entrepreneurs.

    Pittsburgh's cost-of-living index score remains at 93. This is 7 percent lower than the national median. Apartments with one bedroom rent for $1300 per month.

    Population: 299,718
    Rent a 1-bedroom apartment for $13,300
    Median listing home price: $237,500

  6. Minneapolis, Minnesota

    Minneapolis is home to 16 Fortune 500 companies. This allows entrepreneurs to connect and invest. Techstar, Target's accelerator, connects entrepreneurs and investors.

    You can also live here for a very affordable price.

    The overall cost-of-living index score for the city is 96. The overall cost-of living index score for the city is 96. However, you could pay up to $2,500

    Population: 678,448
    Rent a 1-bedroom apartment: $1750
    Median listing home price: $390,000

  7. Seattle, Washington

    Seattle is the most expensive city to live in. It has a cost-of-living index score of 156. Seattle is the most expensive place to live. Groceries are 28 per cent more expensive than the average. Housing costs are 124% higher than the average at $772,000. This is more than most entrepreneurs can afford.

    Seattle is the capital of American entrepreneurship. Venture capital was invested in Seattle startups for $3.5 billion in 2010. Companies like Microsoft and Amazon offer support.

    Find out more at Bulls Movers.