Editor’s Notice: This story initially appeared on Self.
Previous to the pandemic, self-employment was on the decline and had been falling since 2004. When the financial shutdown occurred within the spring of 2020, nearly 22 million workers misplaced their jobs and the self-employment fee rose to 10.5%.
The next 12 months, employees started quitting their jobs on the highest charges because the Nice Recession, and consequently, the self-employment fee held regular as a few of these employees sought to start out companies.
Whereas some industries and occupations have a lot increased charges of self-employment, all trade sectors noticed will increase of their self-employment charges in comparison with pre-pandemic ranges.
Manufacturing has the smallest self-employment fee, however noticed the biggest improve in whole self-employed employees at 13.3%. Equally, the finance trade noticed a 7.0% improve within the whole variety of self-employed employees.
These trade variations in self-employment additionally create regional variations.
To search out the metropolitan areas with essentially the most self-employed employees, researchers on behalf of Self Monetary analyzed the newest knowledge from the U.S. Census Bureau. Discover particulars on our methodology on the finish.
Listed below are the U.S. metropolitan areas with essentially the most self-employed employees.
15. Houston-The Woodlands-Sugar Land, TX
- Proportion of employees who’re self-employed: 10.4%
- Whole self-employed employees: 350,713
- Median revenue for full-time self-employed employees: $50,000
- Median revenue for all full-time employees: $50,000
- Inhabitants: 7,206,841
14. San Antonio-New Braunfels, TX
- Proportion of employees who’re self-employed: 10.5%
- Whole self-employed employees: 126,262
- Median revenue for full-time self-employed employees: $45,000
- Median revenue for all full-time employees: $45,000
- Inhabitants: 2,601,788
13. Oklahoma Metropolis, OK
- Proportion of employees who’re self-employed: 10.6%
- Whole self-employed employees: 72,666
- Median revenue for full-time self-employed employees: $40,000
- Median revenue for all full-time employees: $45,000
- Inhabitants: 1,441,647
12. Atlanta-Sandy Springs-Alpharetta, GA
- Proportion of employees who’re self-employed: 10.6%
- Whole self-employed employees: 323,989
- Median revenue for full-time self-employed employees: $50,000
- Median revenue for all full-time employees: $54,000
- Inhabitants: 6,144,050
11. Portland-Vancouver-Hillsboro, OR-WA
- Proportion of employees who’re self-employed: 10.9%
- Whole self-employed employees: 137,893
- Median revenue for full-time self-employed employees: $59,000
- Median revenue for all full-time employees: $60,000
- Inhabitants: 2,511,612
10. Denver-Aurora-Lakewood, CO
- Proportion of employees who’re self-employed: 10.9%
- Whole self-employed employees: 177,204
- Median revenue for full-time self-employed employees: $62,000
- Median revenue for all full-time employees: $60,000
- Inhabitants: 2,972,566
9. San Francisco-Oakland-Berkeley, CA
- Proportion of employees who’re self-employed: 10.9%
- Whole self-employed employees: 256,567
- Median revenue for full-time self-employed employees: $70,000
- Median revenue for all full-time employees: $82,000
- Inhabitants: 4,623,264
8. New Orleans-Metairie, LA
- Proportion of employees who’re self-employed: 11.0%
- Whole self-employed employees: 62,112
- Median revenue for full-time self-employed employees: $48,000
- Median revenue for all full-time employees: $50,000
- Inhabitants: 1,261,726
7. San Diego-Chula Vista-Carlsbad, CA
- Proportion of employees who’re self-employed: 11.0%
- Whole self-employed employees: 169,080
- Median revenue for full-time self-employed employees: $52,000
- Median revenue for all full-time employees: $59,000
- Inhabitants: 3,286,069
6. Austin-Spherical Rock-Georgetown, TX
- Proportion of employees who’re self-employed: 11.2%
- Whole self-employed employees: 142,711
- Median revenue for full-time self-employed employees: $60,000
- Median revenue for all full-time employees: $60,000
- Inhabitants: 2,352,426
5. Orlando-Kissimmee-Sanford, FL
- Proportion of employees who’re self-employed: 11.2%
- Whole self-employed employees: 145,480
- Median revenue for full-time self-employed employees: $50,000
- Median revenue for all full-time employees: $45,000
- Inhabitants: 2,691,925
4. Tampa-St. Petersburg-Clearwater, FL
- Proportion of employees who’re self-employed: 11.5%
- Whole self-employed employees: 175,962
- Median revenue for full-time self-employed employees: $50,000
- Median revenue for all full-time employees: $48,000
- Inhabitants: 3,219,514
3. Nashville-Davidson-Murfreesboro-Franklin, TN
- Proportion of employees who’re self-employed: 11.6%
- Whole self-employed employees: 120,898
- Median revenue for full-time self-employed employees: $50,000
- Median revenue for all full-time employees: $50,000
- Inhabitants: 2,012,476
2. Los Angeles-Lengthy Seashore-Anaheim, CA
- Proportion of employees who’re self-employed: 13.2%
- Whole self-employed employees: 820,969
- Median revenue for full-time self-employed employees: $50,000
- Median revenue for all full-time employees: $53,000
- Inhabitants: 12,997,353
1. Miami-Fort Lauderdale-Pompano Seashore, FL
- Proportion of employees who’re self-employed: 15.8%
- Whole self-employed employees: 468,070
- Median revenue for full-time self-employed employees: $40,000
- Median revenue for all full-time employees: $44,200
- Inhabitants: 6,091,747
Methodology
To search out the metropolitan areas with essentially the most self-employed employees, researchers on behalf of Self Monetary analyzed the newest knowledge from the U.S. Census Bureau’s 2021 American Community Survey.
The researchers ranked metro areas in line with the share of employees who’re self-employed. Within the occasion of a tie, the metro with the bigger variety of self-employed employees was ranked increased.
Researchers additionally calculated the median revenue for full-time self-employed employees and the median revenue for all full-time employees utilizing knowledge from 2020, the newest out there.
To enhance relevance, solely metropolitan areas with at the least 100,000 folks had been included within the evaluation.
