How Iowa Beats New York in Business and Beyond

Frank Sinatra described New York the best when he belted the line, "If you can make it here, you can make it anywhere".

However, it was Ray Liotta that asked "Is this heaven?" To which business owners responded, "No, it's Iowa".

As we look at the numbers, it's clear why Ol Blue Eyes seemed to be betting against you in the Big Apple rat race.

Iowa Vs New York

Did you know that you could pay 2.2 times less for office space in Iowa compared to New York? Iowa is a hidden gem when it comes to starting a new business. Its affordable office space rent is just one of the many reasons entrepreneurs love it here.

Affordable Rent in Iowa

Iowa offers some of the cheapest office space rent in the United States. With an average annual rent of $12.08 per square foot, it is significantly lower than the national average.

Meanwhile, New York is known for its high cost of living, and its office space rent is no exception. The state has the most expensive office space rent in the United States, with an average annual rent of $26.66 per square foot.

This means that businesses in New York are paying more than twice the amount they would in Iowa for the same amount of space.

The Benefits of Starting a Business in Iowa

Aside from its affordable office space rent, Iowa offers other benefits to businesses looking to start and grow. The state has a low cost of living, which means employees can afford to live comfortably on a lower salary. Iowa also has a friendly business environment, with low taxes, minimal regulations, and access to funding and resources for entrepreneurs.

And in honor of Women's History Month: