Lowest Operating Costs
Greater Grimsby is a cost-effective business location. Compared with similar locations, this area has the:
- Lowest average wage costs
- Lowest industrial rents
- Lowest office costs
In difficult times, the ability to keep your cost-base to a minimum helps to keep businesses afloat and protects jobs.
Living costs are low here too with housing among the cheapest in the country, enabling a choice of urban and country lifestyle.
|
Annual Wage
£/annum
|
Industrial Rent
£/m2/annum
|
Medium Office
£/m2/annum |
| Grimsby |
20,577 |
40 |
85 |
| Hull |
22,122 |
45 |
100 |
| Lincoln |
20,873 |
45 |
120 |
| Nottingham |
23,499 |
55 |
160 |
| Doncaster |
21,420 |
50 |
155 |
| Sheffield |
23,549 |
55 |
165 |
| Teesside |
20,689 |
42 |
170 |
| Newcastle |
21,837 |
47 |
210 |
| Manchester |
25,494 |
55 |
310 |
Sources: Property Market Report, VOA, July 2008
ONS - 2008 Annual Survey of Hours and Earnings