Cost of Doing Business in Grapevine
When it comes to doing business in a major metropolitan area, it doesn't get much more affordable than Dallas–Fort Worth. Dallas and Fort Worth index well below other major U.S. business centers when it comes to state and local taxes. In terms of the largest corporate expenses—labor and rent— the region also ranks well below other major U.S. markets, making North Texas an attractive place to expand or relocate.
In fact, the cost of doing business is 4% lower than the national average in Dallas and 8% lower in Fort Worth.
A key factor in reducing the cost of living in Grapevine is the absence of a state income tax. Those moving from other states will realize instant savings when reviewing their bi-weekly paycheck. That’s a powerful incentive, especially in a world that is becoming more friendly to telecommuting and remote workers. A bigger workforce doesn’t have to be more expensive!
Grapevine offers a lower cost of living when compared with expensive real-estate in coastal states like California, New Jersey, Maryland, and New York. International companies like Kubota Corporation, a tractor and heavy equipment manufacturer, have already moved their corporate headquarters from the coast to Grapevine.
Healthcare also costs less in Grapevine than the national average, offering savings to seniors and young families.
Those looking to save money on their commute can take advantage of TEXRail, the local commuter rail. TEXRail is Trinity Metro’s 27-mile light rail line that extends from downtown Fort Worth through North Richland Hills and Grapevine to the northern entrance of the Dallas/Fort Worth International Airport. Riders are encouraged to bring their bike, snacks, and to get comfortable. For convenience, riders can purchase tickets using the GoPass app.