Arlington, Virginia, takes the top spot this year, with women making up nearly 40 percent of the business owners in the area. Additionally, the city has the highest-paid women in the study: The median full-time working woman earns about $80,000 annually.
Although it's tied with San Francisco, women in nearby Alexandria, Virginia, also make more than their counterparts in many other parts of the country. The full-time working women in the Northern Virginia enclave make a median salary of nearly $67,000 annually. Across the river, in Washington, D.C, women earn a little less but they make up nearly 40 percent of business owners. D.C. is eighth on the list and is reportedly a hub for women in tech, according to SmartAsset.
Inc. showed similar results in its annual look at the fastest-growing women-led businesses. The District of Columbia was ranked fourth on that list, with 11 female-led companies in the area, including the cyber security and IT government services firm A Prentice Ray & Associates (ranked No. 86 on the 2017 Inc. 5000 list).
SmartAsset looked at the median earnings for full-time working women, as well as the number of women with high-level degrees and those who own businesses. They factored in information that includes women's unemployment rate and average housing costs as a percentage of a full-time working woman's income.
While the Beltway is home to several high-ranking cities, the remainder of the list features metropolitan areas spread across the country. Denver, Colorado; Raleigh, North Carolina; and Madison, Wisconsin also made the top 10 this year.