Examining the 183 metro areas with 15,000 or more businesses, Nerdwallet found that Peoria is the 10th best place to start a business in the nation. Nerdwallet analyzed the following factors:
- Business climate. We considered the average revenue of businesses, percentage of businesses with paid employees, and number of businesses per 100 people.
- Local economic health. We considered median annual income, median annual housing costs, and unemployment rate.