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
Oklahoma City, OK
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; email@example.com
THE POINT - DECEMBER 2018 20www.okcchamber.com
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