Business Churn Rate by State (BDS 2022)

The data tells a clear story. This analysis shows you what it means for your business. You can use it to make better decisions.

Key Takeaways

• Top performers like Florida show what’s possible

Overview

You get insights that matter. Data you can actually use. You can make better decisions. You can avoid costly mistakes.

What This Means for You

Here’s what this data means for your business. Top performers like Florida show what’s possible. You can learn from their success. You can avoid markets that struggle. This isn’t just data. It’s a roadmap to better decisions.

Data Analysis

This analysis uses official statistics from the U.S. Census Bureau via Business Dynamics Statistics (BDS). Series and geography follow your page configuration and API parameters.

Primary metric in this view: churn_rate (Business churn rate (%)).

Variables / notes from page config: ESTABS_ENTRY, ESTABS_EXIT, ESTABS (total), state-level data, Year 2022.

Geography: state:*.

Year (when specified): 2022.

Top ranking in this extract: Florida (24.8).

Census products use survey and administrative sources; suppression rules can hide small cells. Confirm critical figures in Census releases when precision matters.

Key statistics

• Latest value (time series): 20.1
• Range: 17.2 to 24.8
• Average: 20.1
• Observations: 50

Comparisons

State-by-State Comparison

Based on the latest government data, here are the rankings:

Top Performers

1. Florida: 24.8
2. Nevada: 24.1
3. Utah: 23.9
4. Colorado: 23.6
5. California: 23.1
6. Georgia: 23.1
7. Delaware: 22.8
8. Idaho: 22.8
9. Wyoming: 22.8
10. Arizona: 22.5
11. Washington: 22.1
12. New York: 21.9
13. Texas: 21.9
14. New Jersey: 21.4
15. District of Columbia: 21.2

Key Insight: The top performer (Florida) has 1.4x the value of the lowest performer (Nebraska).

These rankings reveal clear patterns in the data. You can use this information to identify markets with the strongest performance.

Key Insights

Top Opportunity: Florida leads with 24.8 - the highest value in the data.

You can position yourself where success happens.

Market Gap: Florida has 1.4x the value of Nebraska (17.2).

You can skip markets that don’t work.

Average Performance: The average value across all regions is 20.1.

Range: Values span from 17.2 to 24.8 - a difference of 7.6.

Current State: The latest data shows a value of 20.1.

How to Use This Data

Step 1: Read through the analysis. Get familiar with the key findings.

Step 2: Focus on what matters to you. Not every insight applies to every business.

Step 3: Connect the dots. See how this data relates to your situation. You can find opportunities others miss.

Step 4: Take action. Use the insights to make better decisions.

Best Practices & Tips

What Works Well:

What to Watch Out For:

• Don’t rely on one metric: No single number tells the whole story. You can miss important context if you focus too narrowly.

• Past performance doesn’t guarantee future results: Markets change. You can get caught off guard if you assume trends continue.

• Consider your specific situation: What works for others might not work for you. You can make mistakes by copying without thinking.

In Summary…

See which states have the highest business churn to find dynamic markets. This index reveals where business entry and exit are most active. Register in a dynamic market with Business Initiative!

Ready to take action based on this data?

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