Oklahoma City ranks #3 lowest cost of doing business among large metros

• The Moody’s North American Business Cost Review analyzed 53 Metro areas over 1,000,000 people and ranked various costs associated with doing business.
• Oklahoma City was ranked as 3rd overall for the lowest cost of doing business, as well as 1st for lowest energy costs.
• Ranking 3rd for lowest tax costs, Oklahoma City has a tax structure that is both simple and effective while being business-friendly.
• While our labor costs rank around the middle of the pack, it’s a necessary tradeoff for our low unemployment rate of 4.7%.

Source: Moody’s North American Business Cost Review, 2020. 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 or contact Eric Long, Research Economist – 297-8976; elong@okcchamber.com.

This article originally appeared in the April 2021 edition of The Point.