According to a report from cloud software company approve.com, Texas is the cheapest state to run a business in as of Oct. 2021.
The report considered factors including average annual wages, tax rates and utility prices.
Five cheapest states for running a business:
1. Texas
2. Oklahoma
3. Kentucky
4. Nevada
5. Georgia
Five most expensive states for running a business:
1. California
2. New Jersey
3. Vermont
4. District of Columbia
5. Iowa