Mankato #1 in MN – Cities with the Lowest Cost of Doing Business

According to Moody’s Analytics, the Mankato-North Mankato MSA (Blue Earth and Nicollet Counties) has the Lowest Cost of Doing Business in Minnesota and the 8th lowest in the Upper Midwest (MN, IA, WI, SD, ND).

Below is a table compiled by Greater Mankato Growth for the Upper Midwest based on Moody’s 2016 Cost of Doing Business.  The “Index” column represents the Cost of Doing Business as compared to the U.S average of 100.  The lower the number the cheaper it is to do business in the metro.

Upper Midwest (MN, IA, WI, ND, SD)
MSA Index Upper Midwest rank
Rapid City SD 76 1
Sioux City IA 77 2
Sioux Falls SD 78 3
Dubuque IA 79 4
Iowa City IA 81 5
Des Moines IA 82 6
Ames IA 85 7
Mankato MN  85 8
La Crosse WI 85 9
Davenport IL 85 10
St. Cloud MN 86 11
Duluth MN 87 12
Fargo ND 87 13
Green Bay WI 87 14
Cedar Rapids IA 88 15
Eau Claire WI 88 16
Bismarck ND 89 17
Appleton WI 89 18
Fond du Lac WI 89 19
Janesville WI 89 20
Wausau WI 89 21
Waterloo IA 91 22
Sheboygan WI 92 23
Omaha NE 92 24
Grand Forks ND 93 25
Oshkosh WI 93 26
Racine WI 94 27
Madison WI 95 28
Milwaukee WI 98 29
Chicago IL 99 30
Rochester MN 100 31
Minneapolis MN 103 32

The Cost of Doing Business analysis is comprised of 4 variables:

  1. Unit Labor Cost
  2. Energy Cost
  3. State and Local Tax
  4. Office Rent

Our competitive Cost of Doing Business is primarily driven by our index score in the Office Rent category.

Unit Labor Costs Energy Costs State and Local Tax Office Rent
MSA Index Index Index Index
Mankato-North Mankato 99 96 100 57

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