The Bureau of Labor Statistics expects the education sector to add nearly 700,000 new jobs in the next ten years. Beyond traditional teachers and professors, independent tutors and education consultants are driving much of this growth. Worldwide education is one of the world’s largest industries and private tutoring alone is quickly becoming a $100 billion market.
Yet, for the tutor just starting out or the small education business looking to grow, building the right practice and network remains incredibly difficult. Compounding that difficulty is the cost of operating, often independently. Professionals need to take into consideration the local education market, cost of living, among other factors like health insurance costs.
With this in mind, Payable sought to help “edu-preneurs” compare which cities provide the most cost-effective environments for starting or growing your business. In addition, with remote, web-based tutoring on the rise, this list can also help professionals determine which markets offer the highest salaries and rates.
The mid-Atlantic region is a hub for education professionals. With so many of the nation’s top schools, universities, and organizations situated in the mid-Atlantic, it’s no surprise that this region tops the list for the best places to start your business. Baltimore, Washington D.C. and Newark with its proximity to Manhattan, show high demand for education services combined with more affordable costs of living
California leads the country in independent education professionals. Oakland, San Francisco, and San Jose all land in the top twenty as great places for independent professionals. The Bay Area has a high rate of self-employment among education professionals indicating a strong network of tutors and consultants. If you’re looking to start your business with a network of independent contractors, the Bay fits the bill.
We compared the following data for the 75 most-populated U.S. cities: