There are many costs associated with running a startup. Designers, developers, office space and supplies, and travel all add up. While each company will have costs unique to them, it’s pretty safe to say that starting a world-changing company is expensive.
We’ve always said location makes a difference, though. It’s expensive to live and work in big hubs like San Francisco and New York. Investor money can go further in the flyover states than it can on the coasts.
Staff.com–a startup that connects companies with talented remote workers–produced an infographic outlining the costs of starting up in different cities worldwide. They calculated to the cost of office space and the salaries of 2 developers and 1 designer to find which city was most expensive to start up in.
Surprisingly, New York came in third, behind Zurich and Sydney. San Francisco was only marginally cheaper than New York, and Manila came it at the least expensive. In the Philippines, you can apparently start up for $45,000 a year, which is half the salary of 1 developer in Zurich.
Of course, not every startup needs office space, or 2 developers and designer. Coworking can make office space less expensive, and these days a lot of things can be outsourced. Regardless, it’s interesting to see the numbers support the idea that starting up everywhere else has financial benefits, too.
Check out the infographic from Staff.com below: