Business costs are low in the Sooner State. The state ranks first in the nation for low unemployment insurance taxes and ninth for its corporate taxes. The state’s businesses benefit from low energy costs as well (26% below the national average). Forbes and CNBC both give the state high marks for its business friendliness and regulatory environment.
Personal costs are an attraction as well. The cost of living is low in Oklahoma, with housing costs well below the US average. CNBC gives the state an A+ for its cost of living.
As home to 67 American Indian tribes, Oklahoma has a unique history and culture. It also has federal lands that attract over a million visitors each year. The state’s heritage and beautiful landscapes are attractive to anyone looking for a low-cost, culturally rich place to live and work.
When you open a business in Oklahoma, you’ll have the advantage of a business-friendly, low-cost environment. FranNet’s local experts know the ins and outs of this enchanting state and are ready to help you find the business that’s right for you.