Newport News consistently enjoys a moderate cost of living, particularly when compared to communities in other major metropolitan areas. In fact, according to the American Chamber of Commerce Researchers Association (ACCRA) Cost of Living Survey, Newport News and its region generally rank within the bottom 20% of the thirty largest metropolitan areas. Why is this important to you and your business?
A lower cost of living is not only indicative of a lower cost of doing business, but it also contributes to lowering costs by easing pressures on wage rates and salaries. The lower the cost of living, the greater the buying power that you and your employees will enjoy. Greater buying power enables people to enjoy a higher standard of living and quality of life. This, in turn, makes it easier for a company to attract and retain skilled workers and intellectual talent.
Updated: 07.31.06 |
quality of life > cost of living 
