Best Places for Boomer Entrepreneurs to Start a Business

Many baby boomers are opting to start their own business as they get older, and LendingTree examined U.S. Census data from 50 U.S. metropolitan areas to find the best places for these older entrepreneurs to start companies, reports TheStreet.com . A wider gap between median and average business income indicates that although there is plenty of revenue to be made, fewer people are earning it. San Jose, Calif., is rated No. 1 by LendingTree, representing both high business income and the largest concentration of boomer business founders. Second place goes to San Francisco due to the city's excellent earnings potential relative to the other listed areas, and the data suggests boomers there are sharing in the general prosperity of self-employed entrepreneurs. Boston scores third, while Sacramento is ranked fourth. Rounding out the rest of the top 10 are Nashville, Tenn.; Hartford, Conn.; Houston; Austin, Texas; Los Angeles; and Memphis, Tenn.