There’s a reason Fort Worth is among the fastest-growing major cities. Not only do Fort Worth residents enjoy access to a major airport hub, five professional sports teams, and shopping and dining options galore in the metroplex, but compared to Dallas, Fort Worth offers a slower pace of life, more room to spread out, and a laid-back, family-friendly character.
Fort Worth also outranks Dallas when it comes to starting a business. In fact, Fort Worth recently ranked as the 9th best large city for entrepreneurs due to its strong business environment.
If you’re looking for a great place to build a business, raise a family, and get a fresh start, it’s hard to beat Fort Worth. Want to know more? From MB Marketing, here’s everything you need to know about moving your business and family to Fort Worth.
Cost of Living in Fort Worth
Fort Worth is a hotspot for middle-class families who come to the area seeking higher wages, low taxes, and a reasonable cost of living. The median home price in Fort Worth was $305,000 in September 2021 with nearly 70% of homes for sale falling in the $200-$400K range. Renters also fare well, with apartment rentals in Fort Worth coming in at under $900 for a one-bedroom in many areas. Renters seeking more luxury or a downtown location will find it in modern apartment complexes offering top amenities like swimming pools, fitness centers, and in-unit laundry.
Quality of Life in Fort Worth
Living in Fort Worth offers a lot in return. Beyond its affordability, Fort Worth boasts quality education from public, private, and charter K-12 schools like Tanglewood Elementary, Paschal High School, and Fort Worth Country Day School. Residents don’t have to travel far to find a park, trail, or outdoor event, shop at a farmers market, or root for their favorite sports team. Top attractions and things to do in Fort Worth include:
- Fort Worth Zoo
- Sundance Square
- Fort Worth Stockyards
- Kimbell Art Museum
- Fort Worth Water Gardens
Fort Worth’s Business Community
Texas invests in its business community and Fort Worth is no exception. Fort Worth business owners benefit from state programs like the Texas Enterprise Fund and Texas Enterprise Zone Program as well as local incentives like Tax Abatement and Chapter 380 grants. Fort Worth business owners also receive technical support and assistance from organizations including:
- The Fort Worth Business Assistance Center
- Fort Worth SCORE Chapter
- Tarrant Small Business Development Center
- Southeast Fort Worth, Inc.
- LiftFund Dallas/Fort Worth Women’s Business Center
- Fort Worth Metropolitan Black Chamber of Commerce
- Regional Hispanic Contractors Association
Top Industries in Fort Worth
The healthcare, transportation, manufacturing, oil and gas, and hospitality and tourism sectors dominate the local Fort Worth economy. Fort Worth is also investing in growth in transportation innovation, life sciences, aerospace, advanced energy, and other emerging industries.
Cost of Doing Business in Fort Worth
It costs 12% less to run a business in Fort Worth compared to the national average, according to Thrive in Fort Worth. Where do these savings come from?
- Labor costs 7% below the national average.
- Office expenses 30% below the national average
- State and local taxes 35% below the national average.
Talent and Education in Fort Worth
Thanks to several major universities within an hour of Fort Worth, local employers enjoy access to a rich talent pool. Top universities in the area include:
- University of Texas at Arlington
- University of North Texas Health Science Center
- Tarleton State University
- Tarrant County College
- Texas A&M University School of Law
Starting a Business in Fort Worth
When you’re ready to start a business in Fort Worth, connect with these offices to establish your business in Texas.
- Texas Secretary of State’s Office for registering business names and incorporating a business.
- Texas Economic Development and Tourism’s Business Permit Office to acquire business licenses and permits.
- Texas Comptroller of Public Accounts for state tax filings.
- Texas Workforce Commission for information on hiring employees in Texas.
As you can see, there’s a lot to love about living and working in Fort Worth. When you want a strong business economy, a family-friendly community, and a great quality of life, give Fort Worth a closer look. You just might discover the ideal foundation for your family’s future.
Author: David Dixon