Which state is the worst state to run a business?
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California, New York, Illinois and New Jersey usually rank at the bottom of most lists.
Originally Posted By: KingCake
Originally Posted By: Dyusik
I have no idea but that California is worst at everything.
California Is the World's Eighth Largest Economy. I think they have a biz or two.
Despite being named the worst state in which to do business by chiefexecutive.net every year for over a decade, unemployment that remains some of the highest in the nation, housing costs that are 157% higher than the national average, and an overall cost of living that is over 50% higher than the national average. All that with a median annual household income that is only $7,000/year more than the national median household income. California isn't exactly something to brag about.
Originally Posted By: KingCake
Originally Posted By: Dyusik
I have no idea but that California is worst at everything.
California Is the World's Eighth Largest Economy. I think they have a biz or two.
Despite being named the worst state in which to do business by chiefexecutive.net every year for over a decade, unemployment that remains some of the highest in the nation, housing costs that are 157% higher than the national average, and an overall cost of living that is over 50% higher than the national average. All that with a median annual household income that is only $7,000/year more than the national median household income. California isn't exactly something to brag about.
Run a business is a very broad topic.
If you have established business, it makes it harder to start a new business as the incumbents often encourage regulatory barriers to make it more difficult for competitors to enter the market.
So a state like CA may be great for an established enterprise under competitive pressures, but the worst for many new ventures.
Originally Posted By: KingCake
Originally Posted By: Dyusik
I have no idea but that California is worst at everything.
California Is the World's Eighth Largest Economy. I think they have a biz or two.
If you have established business, it makes it harder to start a new business as the incumbents often encourage regulatory barriers to make it more difficult for competitors to enter the market.
So a state like CA may be great for an established enterprise under competitive pressures, but the worst for many new ventures.
Originally Posted By: KingCake
Originally Posted By: Dyusik
I have no idea but that California is worst at everything.
California Is the World's Eighth Largest Economy. I think they have a biz or two.
Funny. Ignorant too
I am against government control and prefer to educate myself on the actual regulations before spouting off on the Internet. You might want to try it.
I am against government control and prefer to educate myself on the actual regulations before spouting off on the Internet. You might want to try it.
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Originally Posted By: Pop_Rivit
California, New York, Illinois and New Jersey usually rank at the bottom of most lists.
Originally Posted By: KingCake
Originally Posted By: Dyusik
I have no idea but that California is worst at everything.
California Is the World's Eighth Largest Economy. I think they have a biz or two.
Despite being named the worst state in which to do business by chiefexecutive.net every year for over a decade, unemployment that remains some of the highest in the nation, housing costs that are 157% higher than the national average, and an overall cost of living that is over 50% higher than the national average. All that with a median annual household income that is only $7,000/year more than the national median household income. California isn't exactly something to brag about.
That's why many rent a 1 bedroom apartment, they simply can't afford a house.
California, New York, Illinois and New Jersey usually rank at the bottom of most lists.
Originally Posted By: KingCake
Originally Posted By: Dyusik
I have no idea but that California is worst at everything.
California Is the World's Eighth Largest Economy. I think they have a biz or two.
Despite being named the worst state in which to do business by chiefexecutive.net every year for over a decade, unemployment that remains some of the highest in the nation, housing costs that are 157% higher than the national average, and an overall cost of living that is over 50% higher than the national average. All that with a median annual household income that is only $7,000/year more than the national median household income. California isn't exactly something to brag about.
That's why many rent a 1 bedroom apartment, they simply can't afford a house.
Originally Posted By: Pop_Rivit
California, New York, Illinois and New Jersey usually rank at the bottom of most lists.
Originally Posted By: KingCake
Originally Posted By: Dyusik
I have no idea but that California is worst at everything.
California Is the World's Eighth Largest Economy. I think they have a biz or two.
Despite being named the worst state in which to do business by chiefexecutive.net every year for over a decade, unemployment that remains some of the highest in the nation, housing costs that are 157% higher than the national average, and an overall cost of living that is over 50% higher than the national average. All that with a median annual household income that is only $7,000/year more than the national median household income. California isn't exactly something to brag about.
Yes, but you're focusing on the costs without any of the cost benefits. Living in a metropolitan coastal area of California can have salaries that are far higher than the state median. In fact, this is similar to many states on the East Coast where the money is downstate and the less affluent are upstate. The median salary in Silicon Valley is about 40K/year higher than the state median. It's not uncommon for someone to take their house proceeds from a median priced home in such an area and buy a retirement home and a rental home in another cheaper state, and still retain 500K from their proceeds.
A dump of a house in the City and County of San Francisco, that is at least kept up, will still sell for 800K plus in an area whose median price is 1.2 million. Historically, areas like these are always considerably higher than the state median or national average. A very regulated small business environment that increasingly prefers to gentrify than support mom and pop businesses. Retail spending in dollar terms is about the national average. Nothing to brag about until you retire or if you like the weather, culture, and quality of life that many areas have independent of the California Legislature or how little or much you're taxed.
I'd be the first to agree that California is over-regulated and isn't business friendly until it wants or has to be...and the areas where these financial benefits exist often have too [censored] many people...ready to relocate next door to you when they retire.
California, New York, Illinois and New Jersey usually rank at the bottom of most lists.
Originally Posted By: KingCake
Originally Posted By: Dyusik
I have no idea but that California is worst at everything.
California Is the World's Eighth Largest Economy. I think they have a biz or two.
Despite being named the worst state in which to do business by chiefexecutive.net every year for over a decade, unemployment that remains some of the highest in the nation, housing costs that are 157% higher than the national average, and an overall cost of living that is over 50% higher than the national average. All that with a median annual household income that is only $7,000/year more than the national median household income. California isn't exactly something to brag about.
Yes, but you're focusing on the costs without any of the cost benefits. Living in a metropolitan coastal area of California can have salaries that are far higher than the state median. In fact, this is similar to many states on the East Coast where the money is downstate and the less affluent are upstate. The median salary in Silicon Valley is about 40K/year higher than the state median. It's not uncommon for someone to take their house proceeds from a median priced home in such an area and buy a retirement home and a rental home in another cheaper state, and still retain 500K from their proceeds.
A dump of a house in the City and County of San Francisco, that is at least kept up, will still sell for 800K plus in an area whose median price is 1.2 million. Historically, areas like these are always considerably higher than the state median or national average. A very regulated small business environment that increasingly prefers to gentrify than support mom and pop businesses. Retail spending in dollar terms is about the national average. Nothing to brag about until you retire or if you like the weather, culture, and quality of life that many areas have independent of the California Legislature or how little or much you're taxed.
I'd be the first to agree that California is over-regulated and isn't business friendly until it wants or has to be...and the areas where these financial benefits exist often have too [censored] many people...ready to relocate next door to you when they retire.
Originally Posted By: Mr Nice
Originally Posted By: Pop_Rivit
California, New York, Illinois and New Jersey usually rank at the bottom of most lists.
Originally Posted By: KingCake
Originally Posted By: Dyusik
I have no idea but that California is worst at everything.
California Is the World's Eighth Largest Economy. I think they have a biz or two.
Despite being named the worst state in which to do business by chiefexecutive.net every year for over a decade, unemployment that remains some of the highest in the nation, housing costs that are 157% higher than the national average, and an overall cost of living that is over 50% higher than the national average. All that with a median annual household income that is only $7,000/year more than the national median household income. California isn't exactly something to brag about.
That's why many rent a 1 bedroom apartment, they simply can't afford a house.
The two things that California has better than most states: weather and real estate appreciation.
Normally, we have more than 300-320 days a year with low above 50F high below 80F and less than 10 rainy days. So we can have top down cruising more than anywhere.
House is appreciated on average about 5-6% a year, after 12-15 years your house can be double what you paid. The equity is more than enough to paid for a good house a good neighborhood in almost any state.
Renting is fairly expensive in coastal area, a 1 bedroom apartment can be above $2k in a safe area. Some family rent a converted 2-car garage for more than $1k.
Originally Posted By: Pop_Rivit
California, New York, Illinois and New Jersey usually rank at the bottom of most lists.
Originally Posted By: KingCake
Originally Posted By: Dyusik
I have no idea but that California is worst at everything.
California Is the World's Eighth Largest Economy. I think they have a biz or two.
Despite being named the worst state in which to do business by chiefexecutive.net every year for over a decade, unemployment that remains some of the highest in the nation, housing costs that are 157% higher than the national average, and an overall cost of living that is over 50% higher than the national average. All that with a median annual household income that is only $7,000/year more than the national median household income. California isn't exactly something to brag about.
That's why many rent a 1 bedroom apartment, they simply can't afford a house.
The two things that California has better than most states: weather and real estate appreciation.
Normally, we have more than 300-320 days a year with low above 50F high below 80F and less than 10 rainy days. So we can have top down cruising more than anywhere.
House is appreciated on average about 5-6% a year, after 12-15 years your house can be double what you paid. The equity is more than enough to paid for a good house a good neighborhood in almost any state.
Renting is fairly expensive in coastal area, a 1 bedroom apartment can be above $2k in a safe area. Some family rent a converted 2-car garage for more than $1k.
But is that uniform throughout CA?
After all, CA goes as far north as Oregon.
Some areas may be as described. But how many? How do you offset the negatives if you don't live in an area as you've described?
Originally Posted By: HTSS_TR
The two things that California has better than most states: weather and real estate appreciation.
Normally, we have more than 300-320 days a year with low above 50F high below 80F and less than 10 rainy days. So we can have top down cruising more than anywhere.
House is appreciated on average about 5-6% a year, after 12-15 years your house can be double what you paid. The equity is more than enough to paid for a good house a good neighborhood in almost any state.
Renting is fairly expensive in coastal area, a 1 bedroom apartment can be above $2k in a safe area. Some family rent a converted 2-car garage for more than $1k.
After all, CA goes as far north as Oregon.
Some areas may be as described. But how many? How do you offset the negatives if you don't live in an area as you've described?
Originally Posted By: HTSS_TR
The two things that California has better than most states: weather and real estate appreciation.
Normally, we have more than 300-320 days a year with low above 50F high below 80F and less than 10 rainy days. So we can have top down cruising more than anywhere.
House is appreciated on average about 5-6% a year, after 12-15 years your house can be double what you paid. The equity is more than enough to paid for a good house a good neighborhood in almost any state.
Renting is fairly expensive in coastal area, a 1 bedroom apartment can be above $2k in a safe area. Some family rent a converted 2-car garage for more than $1k.
Originally Posted By: madRiver
Depends on your business.....
If you can charge enough and make a decent living taxes become irrelevant.
This. Regulations, taxes, etc. are just the cost of doing business. If you have a market that wants your services or products and have the money to pay them, then the state doesn't matter.
I'm in a highly regulated industry and I hire people to keep me compliant. I joke about it sometimes but it is what it is.
Depends on your business.....
If you can charge enough and make a decent living taxes become irrelevant.
This. Regulations, taxes, etc. are just the cost of doing business. If you have a market that wants your services or products and have the money to pay them, then the state doesn't matter.
I'm in a highly regulated industry and I hire people to keep me compliant. I joke about it sometimes but it is what it is.
Only affluent folks can afford a house in California.
$800,000 for an outhouse dump of a house????
I wish I had that kind of money...
$800,000 for an outhouse dump of a house????
I wish I had that kind of money...
Originally Posted By: Mr Nice
Only affluent folks can afford a house in California.
$800,000 for an outhouse dump of a house????
I wish I had that kind of money...
If you have a marketable skill and/or degree in California-you can make lots and lots of money. Companies know what the cost of living is, and they will pay accordingly-IF YOU HAVE THE RIGHT DEGREE OR SKILL SET.
I have personal knowledge based on this. And California does indeed have the 8th largest economy-so maybe bad for small "mom and pop" type businesses, but there are others making PLENTY OF MONEY.
Only affluent folks can afford a house in California.
$800,000 for an outhouse dump of a house????
I wish I had that kind of money...
If you have a marketable skill and/or degree in California-you can make lots and lots of money. Companies know what the cost of living is, and they will pay accordingly-IF YOU HAVE THE RIGHT DEGREE OR SKILL SET.
I have personal knowledge based on this. And California does indeed have the 8th largest economy-so maybe bad for small "mom and pop" type businesses, but there are others making PLENTY OF MONEY.
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JHZR2
Staff member
I wonder how the best vs worst states to run a business cross with the most reliant vs least reliant on handouts from Washington. I suspect it is fairly inverse, which might be saying something too...
I know NJ is supposedly one of the worst states, but it's also one of the most affluent, and gets amongst the least handouts from Washington per dollar sent there... I'll bet CA is the same.
If some of the other states had to stand on their own, and weren't so subsidized by others' taxes, they would probably flop and not be ranked the same, as they couldn't afford to offer what they do.
I know NJ is supposedly one of the worst states, but it's also one of the most affluent, and gets amongst the least handouts from Washington per dollar sent there... I'll bet CA is the same.
If some of the other states had to stand on their own, and weren't so subsidized by others' taxes, they would probably flop and not be ranked the same, as they couldn't afford to offer what they do.
JHZR2
Staff member
One thing to consider is how much you can charge. For example, NY is a high cost state to operate in. But I bet some of the prices we get for services is higher than other places. My local auto repair shop is a bit of a bargain at $90, the dealers are all getting $110-$120 and some even higher than that. My local plumbing outfit stopped listing the hourly rate. I'm pretty sure they are charging $130 to $140 or thereabout.
Its all about how much is left over at the end of the month after paying the businesses cost for rent, labor, taxes and what not, and how much effort it takes to do all the work to keep it running.
Its all about how much is left over at the end of the month after paying the businesses cost for rent, labor, taxes and what not, and how much effort it takes to do all the work to keep it running.
Notice all those states on that list are empty and no one who has any money lives their. Their is a reason that all of the money is concentrated along the coasts, its where you can do business.
NYC is the big leagues in the real estate world, people pay $5k a month to rent a so so apartment for a reason. They are not crazy. They are popping up 1k foot towers like crazy...again how many 1k foot towers does Nebraska have?
CA is the big leagues when it comes to tech, not Alabama. Their is a reason that software engineers crawl over broke glass to work in Silicon Vally and not Alabama.
Its all about the incomes follow the money. Whats the chart based on income tax? I rather pay 7% on $250k than 0% on $50k.
NYC is the big leagues in the real estate world, people pay $5k a month to rent a so so apartment for a reason. They are not crazy. They are popping up 1k foot towers like crazy...again how many 1k foot towers does Nebraska have?
CA is the big leagues when it comes to tech, not Alabama. Their is a reason that software engineers crawl over broke glass to work in Silicon Vally and not Alabama.
Its all about the incomes follow the money. Whats the chart based on income tax? I rather pay 7% on $250k than 0% on $50k.
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Good thing there are 50 states. Probably something for everyone.
I personally wouldn't want to live in or near 1k foot towers. I'd never begrudge someone to build one on their property.
But I'd hope they would offer the same grace for those of us who choose to live in smaller towns of fewer people than might live in a single tower as you describe.
I personally wouldn't want to live in or near 1k foot towers. I'd never begrudge someone to build one on their property.
But I'd hope they would offer the same grace for those of us who choose to live in smaller towns of fewer people than might live in a single tower as you describe.
1K foot towers are an eyesore.
So are low income drug infested trailer parks.
So are low income drug infested trailer parks.
Originally Posted By: javacontour
But is that uniform throughout CA?
After all, CA goes as far north as Oregon.
Some areas may be as described. But how many? How do you offset the negatives if you don't live in an area as you've described?
No, not all sections of California have similar real estate appreciation, Silicon Valley and Southern California are usually appreciated at much higher rate than the rest of the state.
Same for weather, coastal area are much milder all year, as much as 10-20F cooler in summer and 10-15F warmer in winter. May millions dollar houses along the beach don't have A/C because they don't need it.
Originally Posted By: Mr Nice
Only affluent folks can afford a house in California.
$800,000 for an outhouse dump of a house????
I wish I had that kind of money...
Some bought million dollar plus houses then bulldozed it to build a bigger (more like mansion than a house).
$800,000 houses in some area of San Francisco and/or Silicon Valley are needed to repair or remodel to be able to live. The house structure is not worth anything, the real cost is the lot the house sits on.
In my old neighborhood someone bought a 4-bedroon 2600 sq-ft house north of $1 mil, stay in for less than 2 years then bulldozed it to build 5500 sq-ft house.
Many people in CA have a lot of money, they just like the weather here and they are willing to spend as much as needed to live their lives comfortably.
Note: Many millions dollars home owners drive beat up vehicles, some of their 15-20 years old vehicles worth less than $500-1000.
But is that uniform throughout CA?
After all, CA goes as far north as Oregon.
Some areas may be as described. But how many? How do you offset the negatives if you don't live in an area as you've described?
No, not all sections of California have similar real estate appreciation, Silicon Valley and Southern California are usually appreciated at much higher rate than the rest of the state.
Same for weather, coastal area are much milder all year, as much as 10-20F cooler in summer and 10-15F warmer in winter. May millions dollar houses along the beach don't have A/C because they don't need it.
Originally Posted By: Mr Nice
Only affluent folks can afford a house in California.
$800,000 for an outhouse dump of a house????
I wish I had that kind of money...
Some bought million dollar plus houses then bulldozed it to build a bigger (more like mansion than a house).
$800,000 houses in some area of San Francisco and/or Silicon Valley are needed to repair or remodel to be able to live. The house structure is not worth anything, the real cost is the lot the house sits on.
In my old neighborhood someone bought a 4-bedroon 2600 sq-ft house north of $1 mil, stay in for less than 2 years then bulldozed it to build 5500 sq-ft house.
Many people in CA have a lot of money, they just like the weather here and they are willing to spend as much as needed to live their lives comfortably.
Note: Many millions dollars home owners drive beat up vehicles, some of their 15-20 years old vehicles worth less than $500-1000.
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