Women-owned businesses in the Miami area are getting noticed with a handful of top 10 rankings in a recent national study.
It comes at the perfect time, with March being International Women’s Month.
According to the study by Coworking Cafe, Miami ranks No. 6 among the largest U.S. metros (Naples tops the small-market category) on best locations for women-owned businesses, highlighting its growing role as a hub for women-led entrepreneurship.
Austin, Texas, led the way among large metros, followed by Denver, Raleigh, N.C., Washington DC, Atlanta and then Miami. Jacksonville was No. 7, followed by Orlando and Tampa.
Those overall rankings are based on a range of economic, workforce and entrepreneurship metrics, and shows each area’s strong environment for women entrepreneurs.
For example, women-owned businesses in Miami account for 25.1% of all firms, placing it No. 8 in the rankings among large U.S. metros for this metric alone.
Miami also stands out as a true startup powerhouse, something Miami-Dade Mayor Daniella Levine Cava has alluded to in the past. The metro ranks No. 1 among large markets for business formation rate (4,031 per 100,000 residents) and No. 1 for self-employment (15.7%).
These figures point to an exceptionally active entrepreneurial ecosystem where women are not just participating, they’re launching businesses at the highest rates, the study reports.
Median earnings for women in the Miami metro stand at $39,096 (the top five ranked cities all had median earnings of more than $45,000), supported by a women-to-men pay ratio of 80 cents on the dollar, one of the most equitable among the metros analyzed.
Miami’s metro has experienced nearly 39% GDP growth since 2019 (ranking No. 8 among large metros for this metric), a sign of sustained economic expansion.
Women-owned firms in the Miami metro collectively employ 229,133 workers (also No. 8 for this metric), highlighting their significant footprint and impact on the regional economy.
Finally, while more than 35% of women hold a bachelor’s degree or higher, Miami ranks No. 1 for its share of women with a bachelor’s degree in business (23.4%).
This concentration of business-focused education strengthens the local pipeline of founders, executives, and operators leading women-owned firms.
You can explore the full study and methodology by clicking here.
(Note: CoworkingCafe, part of Yardi, is a global coworking and flexible workspace discovery platform, publishing original market research and analysis on coworking, office and remote work trends in the U.S. and UK.)