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States located in the broader Appalachian and Ozark regions have the most business owners who never went to college
Source: Flippa analysis of U.S. Census Bureau’s American Community Survey data | Image Credit: Flippa
Business owners without college credentials are also more common in some geographies than in others. The concentration of college-educated business owners in a location tends to correlate with that location’s rates of educational attainment overall. Many of the states with the highest share of non-college business owners are found in parts of the country where fewer people go to college in general. For example, more than half of all business owners in Arkansas (51.6%) forwent college, and the state has the third-lowest rate of college attainment. Similar trends hold for other states in the Appalachian and Ozark regions, including Louisiana, Oklahoma, West Virginia, and Mississippi. In contrast, more educated states tend to have fewer business owners without college experience, led by Colorado where less than one-third (32.8%) of business owners did not attend college.
At the metro level, cities in these regions like Oklahoma City (49.6%), Tulsa (44.4%), and Memphis (43.4%) also tend to have higher shares of business owners who didn’t attend college. But business owners’ rates of college attendance can also vary across metros within regions. For example, the San Francisco metro—known for its high-paying tech industry—has one of the lowest shares of business owners who never went to college, while other California metros including Riverside and Fresno have among the highest.
Below is a complete breakdown of the areas with the most business owners who never went to college across over 240 metros and all 50 states. The analysis was conducted by researchers at Flippa, a global online marketplace to buy and sell online businesses and digital assets, using data from the U.S. Census Bureau. For more information on calculations and methods, refer to the methodology section below.
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