There are a lot of expenses to consider when you’re starting up your own business, whether it’s paying your staff, finding the perfect office space, or even just keeping the lights on.

But how does the cost of setting up a business vary around the world? We’ve studied a range of common business costs to highlight the cheapest and most expensive places to run your own company.


Average Office




Business Costs Around the World Ranked

Select Currency:
Rank City Country Average Salary (£) Annual Office Rent (per sq ft) Cost of Electricity Price per kWh Annual Internet Cost Corporate Tax Rate Overall Score


We began with a list of key cities in OECD countries, giving each a normalised score out of 100 on the following five factors, before taking an average overall score across all five factors.

Average Salary

According to PayScale.

Average Office Cost

The average prime office occupancy cost per square foot per annum, according to CBRE’s 2019 Global Prime Office Occupancy Costs.

Electricity Price

Average electricity price for businesses per kWh according to

Annual Internet Cost

The average annual cost of internet (60 Mbps or more, unlimited data, cable ADSL), according to Numbeo (monthly estimate multiplied by 12).

Corporate Tax Rate

The corporate tax rate according to the Tax Foundation (US cities were calculated based on state-level taxes too, also from the Tax Foundation).