Everybody needs a little help sometimes.

Whether it is helping clients with their career, relationships or achieving personal goals, life coaches aim to improve the well being of the people they serve.

And apparently there are many people looking for the kind of support life coaches provide. The industry has risen to prominence over the last 10 years, with membership to the International Coach Federation tripling during that time, according to Marketplace. Life coaches have become commonplace in the business world, and while there are no formal requirements for becoming a coach, university programs have cropped up at colleges as well.

The industry is estimated to have generated $869 million in revenue last year according to IBISworld.

As this burgeoning field continues to grow, we at SpareFoot wondered: Where are the best places to start a life coaching practice?

To answer this, we teamed up with Thumbtack.com, an online service that connects consumers with skilled professionals to get things done—including finding a life coach. Based on their marketplace data, Thumbtack recently calculated which markets had the highest demand for life coaching, controlling for supply. Cities with the most demand relative to supply scored highest on the Thumbtack Opportunity Index.

Thumbtack also provided the average price per session (per customer) for life coaches in each of those cities. To come up with our list of best cities to start a life coaching practice, we also wanted to consider the cost of living and the general well-being of residents in each city. Cities with lower well-being scores were ranked higher, as those places would seem to have an overall greater need for the services life coaches provide .

We took the 10 metros with the highest opportunity index scores and ranked each by the following additional metrics:

  • Price per session
  • Median monthly rent (via Zillow.com)
  • Number of sessions required to pay a month’s rent
  • Median home sales price (via Zillow.com)
  • Gallup-Healthways Well-being Index (more info here)

Without further ado, here are the 10 best metro areas for starting a life coaching practice.

10. Los Angeles, CA

los angeles life coach

Perhaps the birthplace of the lifestyle guru, L.A. is still a prime spot for life coaches to set up shop. While the cost of living is higher than the other cities on our list, healthy client demand make the city a fantastic choice.

  • Thumbtack Opportunity Index: 60.67
  • Thumbtack Average Price Per Session: $160.12
  • Median monthly rent: $2,567
  • Sessions required to pay a month’s rent: 16
  • Median home price: $575,000
  • Gallup-Healthways Well-Being Index: 62.8

9. Denver, CO

denver life coach

The Mile High City rounds out the top ten in terms of Thumbtack’s opportunity index, but there is still plenty of demand. Cost of living is right in the middle, which is a bargain when you realize how easy it is to access serene mountain landscapes and other outdoor adventures.

  • Thumbtack Opportunity Index: 51.69
  • Thumbtack Average Price Per Session: $157.15
  • Median monthly rent: $1,977
  • Sessions required to pay a month’s rent: 12.6
  • Median home price: $415,000
  • Gallup-Healthways Well-Being Index: 62.5

8. Boston, MA

Boston, Massachusett life coach

Boston has the highest opportunity score among the top ten, which means there is plenty of demand for life coaches. However, Boston is one of the most expensive cities on our list, so be prepared to work hard!

  • Thumbtack Opportunity Index: 100
  • Thumbtack Average Price Per Session: $150.26
  • Median monthly rent: $2,282
  • Sessions required to pay a month’s rent: 15.2
  • Median home price: $550,000
  • Gallup-Healthways Well-Being Index: 62.3

7. New York, NY

nyc lifecoach

Like Boston, the New York metro area provides lots of opportunity for life coaches, but is also quite expensive. It has the second-to-lowest well-being score, which also indicates a potential need for more life coaches.

  • Thumbtack Opportunity Index: 84.27
  • Thumbtack Average Price Per Session: $179.26
  • Median monthly rent: $2,442
  • Sessions required to pay a month’s rent: 13.6
  • Median home price: $560,000
  • Gallup-Healthways Well-Being Index: 61.2

6. Minneapolis, MN

Minneapolis life coach

While having a middle-of-the-road opportunity score, life coaches can command top dollar in Minneapolis, ranking fourth overall when it comes to the average price per session of $186.20. With a low cost of living, it only takes an average of 8 sessions to pay a month’s rent.

  • Thumbtack Opportunity Index: 55.06
  • Thumbtack Average Price Per Session: $186.20
  • Median monthly rent: $1,517
  • Sessions required to pay a month’s rent: 8.2
  • Median home price: $215,000
  • Gallup-Healthways Well-Being Index: 63

5. Washington, DC

dc lifecoach

The nation’s capital ranked second when it comes to opportunity, which probably comes as no surprise when you think about the dysfunctional state of our current political climate. Life coaches here get paid the most, based on an average session price of $207.52.

  • Thumbtack Opportunity Index: 91.01
  • Thumbtack Average Price Per Session: $207.52
  • Median monthly rent: $2,121
  • Sessions required to pay a month’s rent: 10.2
  • Median home price: $439,000
  • Gallup-Healthways Well-Being Index: 62.8

4. Seattle, WA

seattle life coach

Seattle had the lowest well-being score among cities on our list, which could present an opportunity for  life coaches. Prices for life coaching are relatively high here, which doesn’t hurt either.

  • Thumbtack Opportunity Index: 61.8
  • Thumbtack Average Price Per Session: $192.05
  • Median monthly rent: $1,996
  • Sessions required to pay a month’s rent: 10.4
  • Median home price: $450,000
  • Gallup-Healthways Well-Being Index: 61.1

2. Phoenix, AZ [tie]

phoenix life coach

Phoenix has the second-to-lowest opportunity score, but scores well on all our other metrics. When it comes to the number of sessions needed to pay a month’s rent, the desert oasis can’t be beat.

  • Thumbtack Opportunity Index: 51.69
  • Thumbtack Average Price Per Session: $195.88
  • Median monthly rent: $1,207
  • Sessions required to pay a month’s rent: 6.2
  • Median home price: $225,000
  • Gallup-Healthways Well-Being Index: 62.3

2. Pittsburgh, PA [tie]

pittsburgh life coach

Pittsburgh also excels in the cost of living metrics, with the lowest home price and monthly rent on our list.

  • Thumbtack Opportunity Index: 56.18
  • Thumbtack Average Price Per Session: $157.32
  • Median monthly rent: $1,120
  • Sessions required to pay a month’s rent: 7.1
  • Median home price: $155,000
  • Gallup-Healthways Well-Being Index: 61.7

1. Atlanta, GA

Atlanta Life Coaching

While not ranking first place in any given category, Atlanta still earned the top spot, coming within the top four on almost every metric. A life coach can pay a month’s rent after just seven sessions, and there is plenty of opportunity to do a lot more than that.

  • Thumbtack Opportunity Index: 75.28
  • Thumbtack Average Price Per Session: $178.47
  • Median monthly rent: $1,275
  • Sessions required to pay a month’s rent: 7.1
  • Median home price: $199,000
  • Gallup-Healthways Well-Being Index: 61.5

 

 

 

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Alexander Harris