Texas has been ranked the third-best state in the nation for starting a business in 2026, according to a new WalletHub report.
The study, which evaluated all 50 states using 25 metrics, gave Texas high marks for its business environment, workforce growth, and industry clusters. The state scored first nationally in overall business environment but was ranked 11th for access to resources and 34th for business costs.
“Texas continues to demonstrate strong entrepreneurship momentum, supported by a growing workforce and dynamic industry clusters,” the report noted. More than half of Texas businesses operate in concentrated industry clusters, providing startups with access to suppliers, customers, and skilled workers.
Florida ranked first overall in the WalletHub study, followed by Utah. Oklahoma and Idaho rounded out the top five. States in the Northeast, including Connecticut, scored significantly lower.
The report’s findings suggest that while startup costs in Texas are moderate, the state’s robust business ecosystem, engaged workforce, and strong job growth make it an attractive destination for entrepreneurs.
For business owners looking to launch or expand in 2026, Texas offers a competitive environment with opportunities for growth across multiple industries, the report said.