Report: Missouri boasts three, top-20 startup cities

Kansas City is a top-20 destination to start a business, according to a recent WalletHub report.

A study released Monday by the personal finance website ranked the City of Fountains as the No. 16 best city to launch a business.

WalletHub compared the relative startup opportunities in the 150 most populated U.S. cities., looking at metrics such as five-year survival rate, office-space affordability, educational attainment of the local labor force and more.

Kansas City, Mo., received high marks for its business startup costs, earning a No. 16 ranking. Show Me State neighbor St. Louis ranked as the No. 5 best city to start a business, while Springfield, Mo. earned a No. 8 ranking.

The ranking comes about a week after Overland Park was named No. 20 on WalletHub’s best cities for Hispanic entrepreneurs list. In February, WalletHub ranked Kansas City as the No. 7 best U.S. city for women-owned businesses.

Here are WalletHub’s top 10 best cities to start a business:

1. Sioux Falls, SD
2. Grand Rapids, MI
3. Oklahoma City, OK
4. Lincoln, NE
5. St. Louis, MO
6. Salt Lake City, UT
7. Charlotte, NC
8. Springfield, MO
9. Tulsa, OK
10.  Amarillo, TX