Best large cities to start a dental practice

Florida is home to four of the 10 best large cities to open a business, according to personal finance website WalletHub.

In April, WalletHub examined which large cities are best for starting a business by analyzing business environment, access to resources and business costs.

What to know about Florida's dental and economic landscape

Florida has 9,055 active dentists in the state, according to data from the Kaiser Family Foundation.

The minimum cost of living in Florida is $33,315 while the average salary for dentists is $164,370, according to data from the Bureau of Labor Statistics and the Massachusetts Institute of Technology's Living Wage Calculator.

One challenge practices owners or DSOs may face when opening up shop in Florida is the access to dental professionals due to shortages. There are currently 275 dental health professional shortage areas in the state, according to data from the Health Resources and Services Administration.

Both Orlando and Jacksonville have an unemployment rate of 3.1 percent compared to the national average of 3.5 percent. Miami, the runner-up city on WalletHub's list, has an even lower unemployment rate of 2.3 percent, while Tampa sits at 2.8 percent.

The best large cities to open a business, according to WalletHub:

1. Orlando, Fla.
2. Miami
3. Laredo, Texas
4. Durham, N.C.
5. Boise, Idaho
6. Denver
7. Jacksonville, Fla.
8. Raleigh, N.C.
9. Colorado Springs, Colo.
10. Tampa, Fla.

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