2018 December POINT!

ECONOMIC INDICATORS

Oklahoma City ranks No. 3 for Lowest Cost of Doing Business Among Large Metros

• The North American Business Cost Review analyzed 47 metro areas with more than 1 million people and ranked various costs associated with doing business. • Oklahoma City, ranking third overall, also ranks No. 1 in low energy costs, as well as No. 3 for low cost of renting an office. While our labor costs rank around the middle of the pack, it’s a necessary tradeoff for our low unemployment rate of 2.8 percent. • Oklahoma City’s low taxes are ranked sixth, reflecting a tax structure that’s both simple and effective while being business-friendly.

Cost of doing business for metros with more than 1 million population

Overall Cost Rank

Labor Cost Rank

Energy Cost Rank

Office Rent Rank

Metro

Tax Rank

Buffalo, NY

1

1

24

46

1

Raleigh, NC

2

8

5

17

2

Oklahoma City, OK

3

26

1

6

3

Charlotte, NC

4

11

6

19

4

Memphis, TN

5

7

20

10

5

Source: Moody’s North American Business Cost Review, 2018. A rank of 1 is most favorable.

For comprehensive Economic Indicators and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at www.greateroklahomacity.com/economicindicators or contact Eric Long, Research Economist – 405-297-8976; elong@okcchamber.com

THE POINT - DECEMBER 2018 20

www.okcchamber.com

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