Cost of Business
Doing business in the Columbus Region is easy, efficient, and affordable. Find your perfect location at the right cost in the Columbus Region.
Ohio and the Columbus Region combine forces to create a positive and accessible business environment.
CORPORATE INCOME TAX
LARGEST STATE ECONOMY IN THE U.S.
FOREIGN-TRADE ZONE IN THE U.S.
Favorable Business Economy
The Columbus Region is bolstered by the state of Ohio’s stable business economy, which boasts a $2 billion budget reserve and 2021 GDP of $736 billion. Within the Region, the economy is just as strong—and rapidly growing. In 2021, the Region raised $1.8 billion in venture funding, signaling further expansion of and investment in the business community.
The Columbus Region’s broad real estate options include pre-vetted sites, city-center high rises and sprawling industrial parks. The Region’s mix of urban environments and wide-open spaces means there’s room for everyone. Columbus’ direct average marketed rent is 44% lower than the national average in Q2 2022.
Cost of Living
The cost of living in the Columbus Region is 10% lower than the national average—a gap that widens further when compared to East and West Coast locales. In 2020, Forbes ranked the state of Ohio second in the U.S. for quality of life, citing low cost of living and great opportunities. Employees will enjoy living where their paycheck goes further toward their desired lifestyle. And your business will enjoy spending less to attract and keep top-notch talent.
One Columbus, the economic development organization for the 11-county Columbus Region, is on deck to help your business find its place here. Together we’ll secure your growing business’s future in our thriving business ecosystem.