Albuquerque was ranked the fifth most cost-friendly city to do business among mid-sized businesses, according to KPMG. Ivana Starcevic/ISTOCK
When it comes to the cost of doing business, Albuquerque is a good deal.
Albuquerque is the fifth most cost-friendly city to do business among 18 medium-sized cities, according to KPMG’s Competitive Alternatives study, released last week. Albuquerque was compared to cities with a population between 750,000 and 2 million.
According to the study, Albuquerque, the Duke City, which had a cost index of 94.4, showed “strong results in all aspects of labor costs.” The cost index is defined in the study as the average business costs in the four largest U.S. cities: New York, Los Angeles, Chicago, and Dallas-Fort Worth.
Baton Rouge, Louisiana, was ranked the most cost-friendly city to do businesses in the midsize group, followed by New Orleans; Nashville, Tennessee; and Omaha, Nebraska. Trenton, New Jersey, and Honolulu were the most expensive midsize cities to do business, according to KPMG.
While it ranked third for labor costs, Albuquerque costs were only 0.6 percent higher than Nashville, which had the lowest labor costs. Albuquerque also was third for effective corporate income tax rate.
KPMG’s Competitive Alternatives study measured business operating costs in more than 100 cities in 10 countries.
KPMG, which has an Albuquerque office, was recently named one of Fortune’s 100 Best Companies to Work For.
By: Christopher Ortiz (Albuquerque Business First)
Click here to view source article.