Billings was ranked as the #4 medium city where Americans are most likely to start a new business, according to a new AdvisorSmith study.

Billings had 3.8 new businesses started per 1000 people, which was 65% above the national average.

Billings ranked #6 nationwide, beating out Great Falls (#23), Lewiston, ID (#25), and Boise, ID (#28).

There were approximately 5400 businesses in Billings with at least 1 employee.

The top medium cities for new business starts were:

1. Boulder, CO
2. Coeur d’Alene, ID
3. St. George, UT
4. Billings, MT
5. Bend, OR
6. Bellingham, WA
7. Naples, FL
8. Barnstable Town, MA
9. Wilmington, NC
10. Midland, TX