Chandler on the list of 11 US cities poised to be the next hot spot for start-ups CNBC.com

There’s reason for founders to look to smaller cities for their latest ventures. While San Francisco and New York receive nearly half of all venture capital investment in the country, a high cost of living makes it hard for entrepreneurs to start businesses there, and workers can be stretched thin even on six-figure salaries. Even smaller start-up scenes that have cropped up in response, like Austin, Texas, have seen real-estate prices skyrocket thanks to an influx of newcomers.
As a result, workers are moving beyond city limits. A 2018 Gallup poll found a greater share of Americans would prefer to live in a small city or a suburb, over a big city. Millennials especially are now fleeing big cities for greener, and more affordable, pastures.

​8. Chandler, Arizona
Median household income: $85,527
Living wage: $11.90
VC deals since 2016: 122

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