Floridians are increasingly choosing to become self-employed, but should do research before taking the plunge.

Florida cities are leading the way when it comes to people taking control of their own destiny! Six of the top 10 cities in the US with the highest percentage of self-employed workers are located in the Sunshine State, according to the U.S. Census data compiled by the Chamber of Commerce.



Overall, there are over 16 million self-employed workers in the US, which is an increase of 988,418 since 2016. Female entrepreneurs have been the fastest growing segment of self-employed in recent years, and 71% of female small business owners reported that they worked a day job to save up the money required to start their business.



The Miami area has the highest percentage of self-employed workers, with Hialeah, Miami and Hollywood topping the list. The average income for self-employed workers is $54,232, which is lower than the median income for all workers at $54,339.



Starting your own business can be rewarding, but it comes with risks. Many may experience uneven income, they may have to pay higher taxes and they may not have access to the same benefits that a salaried job offers. Self-employed workers may not get pay for holidays, vacations or sick days, and they may not have access to a 401 contribution or match to help build retirement savings. If you’re considering self-employment, make sure you do your research and prepare yourself for the potential challenges!

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