The 10 cheapest states to run a business

10. Utah

Salary: $ 39,480

Electricity: 8.27 cents

Internet: $ 4.25

Corporate tax rate: 4.95%

Business Cost Affordability Score (out of 10): 7.58

(Credit: Catherine Minaeva / Shutterstock.com)

9. Mississippi

Salary: $ 32,710

Electricity: 11.13 cents

Internet: $ 2.19

Corporate tax rate: 5%

Business Cost Affordability Score (out of 10): 7.79

(Credit: Ingo70 / Shutterstock)

8. Florida

Salary: $ 37,580 –

Electricity: 9.41 cents

Internet: $ 3.71

Corporate tax rate: 4.46%

Business Cost Affordability Score (out of 10): 7.80

(Credit: Ingo70 / Shutterstock)

7. Missouri

Salary: $ 38,890

Electricity: 8.60 cents

Internet: $ 4.41

Corporate tax rate: 4%

Business Cost Affordability Score (out of 10): 7.81

(Credit: Checubus / Shutterstock)

6. North Carolina

Salary: $ 38,740

Electricity: 8.18 cents

Internet: $ 5.87

Corporate tax rate: 2.5%

Business Cost Affordability Score (out of 10): 7.82

(Credit: Jiri Flogel / Shutterstock.com)

5. Georgia

Salary: $ 38,660

Electricity: 10.52 cents

Internet: $ 1.65

Corporate tax rate: 5.75%

Business Cost Affordability Score (out of 10): 7.84

(Credit: Katherine Welles / Shutterstock)

4. Nevada

Salary: $ 38,580

Electricity: 6.96 cents

Internet: $ 4.73

Corporate tax rate: XX

Business Cost Affordability Score (out of 10): 7.92

(Credit: f11photo / Shutterstock.com)

3. Kentucky

Salary: $ 37,230

Electricity: 10.82 cents

Internet: $ 2

Corporate tax rate: 5%

Business Cost Affordability Score (out of 10): 7.93

(Credit: photo.ua/Shutterstock.com)

2. Oklahoma

Salary: $ 37,110

Electricity: 7.96 cents

Internet: $ 2.37

Corporate tax rate: 6%

Business Cost Affordability Score (out of 10): 8.16

(Credit: sladkozaponi / Shutterstock)

1. Texas

Salary: $ 39,640

Electricity: 8.25 cents

Internet: $ 2.29

Corporate tax rate: XX

Business Cost Affordability Score (out of 10): 8.43

(Credit: Nick Fox / Adobe Stock)

Due to higher average energy costs, wages, and an 8.5% corporate tax rate, 7e The highest in the country, California ranked as the most expensive state to run a business, according to a study by Approve.com.

With an average salary, Internet costs, and a higher corporate tax rate, New Jersey was the second most expensive state to run a business, while Vermont rounded out the top three.

The above slideshow highlights the cheapest states to run a business based on the highest corporate tax rates and average costs of wages, electricity (cents per kWh), internet service (price per Mbps) according to research by Approve.com. The study includes Washington DC, but excludes Hawaii or Alaska due to “data not available,” according to the site.

According to Approve.com, Hungary has proven to be the cheapest country to run a business, with the lowest maximum corporate tax rate (9%) and the cheapest cost for setting up a business. ‘an Internet connection. Lithuania and the Czech Republic were the second and third cheapest countries to run a business, respectively, while Germany turned out to be the most expensive country to run a business. Unlike the US ranking, the global list determined Internet costs on the basis of price instead of megabits.

Related:

Comments are closed.