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Where to Make the Most Cash in the Gig Economy

FitSmallBusiness.com’s map of 15 Best Cities for Gig Economy Jobs (PRNewsfoto/FitSmallBusiness.com)

As FitSmallBusiness.com, the digital business publication, established in a recent study, it’s all about the gig economy now.  Freelancers contribute nearly $1.4 trillion every year to the national economy, and it’s projected that nearly 43 percent of the U.S. workforce will be represented by gig economy jobs in the year 2020 – proving that “gig” is not only here to stay, it will continue to grow.

However, choosing where to start their gig jobs may be crucial to freelancers’ success, according to THIS LATEST REPORT from FitSmallBusiness.com.  As the publication discovered, gig economies are strongest in metropolitan markets where there’s more demand for service industry needssuch as ridesharing services like Uber and Lyft, short-term rentals like Airbnb, and freelance task services, such as TaskRabbit.

The publication researched 20 cities and analyzed publicly available from leading sources like the U.S. Census Bureau and the Brookings Institute to determine the best cities for gig economy jobs.

1)    San Francisco
2)    Atlanta
3)    Los Angeles
4)    Boston
5)    Washington D.C.
6)    Dallas
7)    San Jose
8)    San Diego
9)    Miami
10) Phoenix
11) Minneapolis
12) Nashville
13) Denver
14) Chicago
15) Portland

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FitSmallBusiness.com chose the following metrics to rank the cities:

Per Capita Revenue – 33%
Average Rent Costs – 33%
Growth of the Gig Economy – 33%
Qualitative Considerations (high-speed internet and shared workspace) – tie-breaker for similarly scored cities

“Certain cities have the magic ingredients to make it easier to be successful as a freelancer,” says Eric Noe, Editor-in-Chief, FitSmallBusiness.com.  “Affordable rent, low overall cost of living and helpful resources for non-traditional workers all factor in, and our research clearly suggests that gig economies are strongest in metro areas where there’s a bigger demand for task services.”

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About Carl Fox

Carl Fox is the money and finance editor for Conservative Daily News. Follow him in the "Money & The Economy" section at CDN and see his posts on the "Junior Economists" Facebook page.
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