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  • Digg it UP - Cost Of Living As A Factor In Business Relocation

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    ouri is estimated to be just 60% of the national average. Compare that to a large metropolitan area like Miami where it costs 113% more that the national average. Larger cities like New York, Boston an
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    According to the United States Census Bureau, 40 million Americans move each year. There are no hard statistics on the number of businesses that relocate, but there is a growing trend towards businesses relocating outside of major metropolitan areas to cut costs for themselves and their employees.

    There are five main reasons why companies decide to relocate, according to economic development researchers. They are: access to a quality labor pool, the need to upgrade facilities or equipment, the need to reach new markets, the wish to lower costs and overhead and finally, quality of life issues.

    It is this last item that affects employees most directly. Cost of living has a large impact on the quality of life for the average American. For example, the cost of living in Springfield, Missouri is estimated to be just 60% of the national average. Compare that to a large metropolitan area like Miami where it costs 113% more that the national average. Larger cities like New York, Boston and

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    s relocating outside of major metropolitan areas to cut costs for themselves and their employees.

    There are five main reasons why companies decide to relocate, according to economic development researchers. They are: access to a quality labor pool, the need to upgrade facilities or equipment, the need to reach new markets, the wish to lower costs and overhead and finally, quality of life issues.

    It is this last item that affects employees most directly. Cost of living has a large impact on the quality of life for the average American. For example, the cost of living in Springfield, Missouri is estimated to be just 60% of the national average. Compare that to a large metropolitan area like Miami where it costs 113% more that the national average. Larger cities like New York, Boston an

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    searchers. They are: access to a quality labor pool, the need to upgrade facilities or equipment, the need to reach new markets, the wish to lower costs and overhead and finally, quality of life issues.

    It is this last item that affects employees most directly. Cost of living has a large impact on the quality of life for the average American. For example, the cost of living in Springfield, Missouri is estimated to be just 60% of the national average. Compare that to a large metropolitan area like Miami where it costs 113% more that the national average. Larger cities like New York, Boston an

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    .

    It is this last item that affects employees most directly. Cost of living has a large impact on the quality of life for the average American. For example, the cost of living in Springfield, Missouri is estimated to be just 60% of the national average. Compare that to a large metropolitan area like Miami where it costs 113% more that the national average. Larger cities like New York, Boston an

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    ouri is estimated to be just 60% of the national average. Compare that to a large metropolitan area like Miami where it costs 113% more that the national average. Larger cities like New York, Boston and Los Angeles are almost off the map compared to the national average.

    Quality of life isn't just about money, either. Commuting time and costs in larger metropolitan areas can seriously affect the mood and morale of workers as well as lead to lower productivity over time. The cost of housing can also affect the ability of companies to attract and retain quality employees. For example, some employers in Palm Beach County, Florida, where the median home price is over $450,000 have had trouble recently in recruiting employees from out of state.

    However, when businesses consider relocating to less expensive, less congested areas of the country they have to consider access to a quality labor pool. There are many cities in the Midwest and South that are large enough to support a corporate

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