Why Columbus, Indiana, Could Be The Place To Start Your Business
Starting a business can be nerve-wracking, especially when you are unsure where you should set up shop. Columbus, Indiana, could be just the place you have been searching for. If you are stumped as to where to plant roots for your new company and your life, Uplift Media invites you to learn why Columbus may be the ideal choice for you.
Cost of Living
According to 2019 research, the cost of living in Columbus, IN, is about 18% lower than average in America. This means that your hard-earned money will go further to feed, house and entertain you and your family. Additionally, groceries cost about 5% less than average and healthcare is around 17% cheaper than expected in the United States. A low cost of living benefits allows fledgling companies to acquire goods for less than they could in more expensive cities. As well, hiring talented employees is more feasible when labor and living costs are lower for entrepreneurs and their staff.
Homes in Columbus are very affordable, about 17% lower than the U.S. average, with a median house price of $205,400. For qualified homebuyers, down payment assistance may be available in the form of Veterans Affairs loans, homeownership voucher programs, mortgage credit certificates, or energy-efficient mortgage programs.
Additionally, apartments in Columbus, IN, are relatively inexpensive. A two-bedroom rental costs around $920, while the national average is approximately $1,278. This means a savings of nearly $360 from the national average on rent alone monthly. That money can be used to invest in your business, giving you more freedom to grow your company.
Fellowship
Columbus is a safe city, with an average of zero murders and only 34 violent crimes taking place yearly. Safety is important for families and also essential to a thriving business community.
Small business owners are key to one another's success in any city. Entrepreneurs can learn from one another's failures and help each other grow by providing valuable advice to newcomers on the clientele of the local marketplace. In Columbus, there are numerous resources available to help small businesses and enhance the city's overall culture.
Education
Public schools in Columbus are highly rated. Students tested slightly higher than the Ohio state average on standardized testing. Further, the city is home to Ivy Tech Community College, Purdue Polytechnic, and Indiana University-Purdue University Columbus. These higher education institutions ensure entrepreneurs have no shortage of local talent to employ.
Quality of Life
Columbus has a lot to offer to provide its inhabitants with a great quality of life. The small city is located less than two hours from the major cities of Indianapolis, Louisville, and Cincinnati. This makes it easy for Columbus residents to quench their thirst for big-city amenities and easily return home to their more relaxed lifestyle. The city also boasts many festivals and weekend events for all to enjoy.
Business Resources
Within Columbus, there are numerous avenues available to assist small business owners through the local Chamber of Commerce. All businesses must register with Bartholomew County before they are eligible to operate in Columbus.
If you are eager to start your own company but unsure where to settle, consider Columbus, IN for its wealth of culture, sense of community and generally high quality of life. Additionally, the lower average cost of living can help your savings go further to grow your business.