McAllen Ranked in Top 10 for Best Cities for Small Businesses Nationwide (#9):

McAllen stands out for its affordability, with the lowest cost of living index among top cities at 82.0. The city boasts a high self-employment rate of 14.7%, ranking 5th nationally. Despite lower labor costs of $30,597, McAllen's strategic location near the U.S.-Mexico border fosters a unique business environment, especially in logistics and retail. With a business growth rate of 13.4% and a GDP increase of 27.6%, McAllen is a prime location for small businesses targeting both U.S. and international markets.

Key Stats:
• Annual Business Application Growth: 13.4%
• Self-Employed Business Owners: 14.7%
• GDP Growth: 27.6%
• Labor Costs: $30,597
• Cost of Living Index: 82
• Unemployment Rate: 5.4%
• Population with a BA: 19.5%
• Avg. Coworking Prices: $300
• Business Applications per 100k Residents: 1,038
• Labor Force Participation: 62.2%