A new study from the website SmartAsset revealed that Alabama leads the nation in veteran-owned business rate and is one of the top ten states for veterans overall.
SmartAsset reported that 11.2 percent of all businesses in the Yellowhammer State are veteran-owned. Alabama’s overall ranking was also helped by resident veterans’ post-housing income – a relatively high $29,025 on average.
Additionally, only 4.49 percent of Alabama veterans are unemployed.
Overall rankings of the states were determined by the combination of seven metrics. SmartAsset considered the percentage of the population who are veterans, the unemployment rate for veterans, veterans’ median income after housing as well as the percentage of veterans whose income would place them under the poverty threshold, the veteran business ownership rate, the number of Veterans Affairs facilities per 10,000 veterans, and the percentage of veterans who are enrolled in the Veterans Health Administration.
The Top ten states are depicted on SmartAsset’s graphic below.
