Cost of Doing Business Comparison for Greater Phoenix
Cost of Doing Business Comparison for Greater Phoenix, Los Angeles, San Francisco, New York, and London.
Greater Phoenix compares very favorably to major west coast cities, New York and London.
Greater Phoenix
Los Angeles
San Francisco
New York
London
Labor
Mean Wage
$38,360
$45,500
$54,450
$50,820
$69,983
Workers Compensated (Per $100)
$1.73
$4.13
$4.13
$3.15
$0.40
Unemployment Insurance (Cost per Employee)
$140.00
$238.00
$238.00
$289.00
N/A
Unionization Rate
10.40%
18.40%
20.10%
23.30%
N/A
Right To Work State
Yes
No
No
No
No
Real Estate
Commercial Lease Rates
Office
$29.56/SF
$36.33/SF
$54.95/SF
$86.00/SF
$153.06/SF
Industrial
$10.00/SF
$8.35/SF
$14.00/SF
$12.00/SF
$31.00/SF
Median Home Price (NSA, 000's)
$205.10
$418.90
$615.70
$452.50
$948.46
Utilities
Natural Gas (per 1000 cubic feet)
Commercial
$13.27
$6.41
$9.70
$13.41
$12.82
Industrial
$11.14
$5.38
$8.42
$14.21
$12.05
Taxes
Corporate Income Tax
6.97%
8.84%
8.84%
7.10%
28.00%
Individual Income Tax (Highest Bracket)
4.50%
9.30%
9.30%
6.90
0.00%
Sales Tax
8.30%
8.30%
6.30%
8.40%
15.00%
Cost Indicies and Rankings
Forbes Cost to Do Business Ranking
44
154
166
200
N/A
- Source: Greater Phoenix Economic Council
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We Sell Phoenix Commercial Real Estate, Call Us About Any Commercial Real Estate.
Marc Brodeur BS, DC
The Brodeur Commercial Group
Realty Executives
11211 N Tatum Blvd. Suite 130
Scottsdale, AZ 85254
Mobile (602) 692-4288
Office (480) 788-8577
Marc@PhoenixCommercialRealEstate.com Scottsdale Homes
