BizCosts® Benchmark Reports
Available now for purchase are operating cost comparisons among a series of U.S. and global cities considered important benchmark hubs for certain industry sectors. Annual operating costs scaled to representative industry models are presented for labor, energy (electricity and natural gas), taxes and real estate (industrial and office lease costs) in these new 2024 BizCosts® Benchmark Reports.
Site-seeking companies, real estate developers and economic development practitioners have relied on Boyd BizCosts® data for 5 decades. Additionally, our Benchmark Reports are valuable tools for venture capital & hedge fund managers, the Wall Street investment community and other industry analysts researching cost differentials among cities and their impact on a company’s industry & peer company competitiveness and overall financial performance.
Detailed below are the 2024 BizCosts® Benchmark Reports currently available in our Store for download. Shown are the benchmark hubs included in each Report and the names of leading companies operating in those hubs.
AEROSPACE INDUSTRY
This BizCosts® Benchmark Report compares Aerospace Industry manufacturing costs in these 15 global hubs:
Hub
Company Presence
Seattle, WA
Western Aircraft, Spaceflight, Inc., Duncan Aviation, JD Ott, AeroTECH,Honeywell Aerospace,Boeing, SpaceX, Blue Origin, Eviation, Aero TEC, TLG Aerospace
Los Angeles, CA
NRelativity Space, Rocket Lab, Slingshot Aerospace, Smartplane, Ten Tech,Thales, Safran, L3Harris, Northrop Grumman, Boeing, Raytheon, Lockheed, SpaceX, BAE Systems
Dallas, TX
Alpine Advanced Materials, BP Aero, Dallas Avionics, Lockheed Martin, TriumphAerospace Systems, VectorNav, Aviall, Southwest Airlines, American Airlines, Bell Textron, Collins Aerospace, BP Aero, Sikorsky , Gulfstream, Omnia, Raytheon Technologies, L3Harris, Boeing, Northrop Grumman
Wichita, KS
GE Aviation, Boeing, Spirit AeroSystems, Learjet, Cessna, Textron Aviation, Beechcraft, Bombardier Learjet, Spirit AeroSystems, Airbus , Koch Industries
Mobile, AL
Collins Aerospace, Continental Aerospace, DAHER, ST Engineering, Maas Aviation,Aerostar, Airbus, Safran, BAE Systems, REEL USA
Charleston, SC
Boeing, Safran, Pacific Rim Aerospace,Venture Aerobearings, BAE Systems, Parker Hannifin, AHG Fasteners-USA, TIGHITCOEaton, GKN, Century Aluminum, Cutting Edge Composites, Collins Aerospace, Helicopter Helmet
East Hartford, CT
Pratt & Whitney, GKN, Kaman, Raytheon, Sikorsky
Palm Beach County, FL
Lockheed Martin Corporation, Aerojet Rocketdyne, Pratt & Whitney, Collins Aerospace, Sikorsky, Northrop Grumman, Gulfstream Aerospace, Belcan
Fairfax County, VA
BAE Systems, Leidos, SAIC, General Dynamics, Raytheon, BoeingRolls-Royce, Northrop Grumman, Airbus, Lockheed Martin
Phoenix, AZ
Honeywell, General Dynamics, BAE Systems, Boeing, Northrop Grumman
Toulouse, FR
Safran, Airbus, Dassault Aviation, Thales, Collins, CNES, Latécoère
Hamburg, DE
L3Harris, Lockheed Martin, Gulfstream, Paragon, Viasat, Kinetx Aerospace, Iridium, Airbus, Cimpa, Diehl, Lufthansa Technik, GE, Heico, Latecoere, SKF
Madrid, ES
Airbus, Boeing, Alcoa, Thales, Boeing
São Paulo, BR
Embraer, Helibras, Sobraer, Avibras, Collins Aerospace
Montreal, CA
Bombardier, CAE, Bell Helicopter, Airbus, Pratt & Whitney
Biopharma INdustry
This BizCosts® Benchmark Report compares Biopharma Industry manufacturing costs in these 15 global hubs:
Hub
Company Presence
Boston, MA
Biogen, Moderna, Sanofi, Vertex, Takeda, Pfizer, Biogen, Merck, Amgen, Thermo Fisher Scientific, Reverie Labs, Sophia Genetics, Tempus, Eurofins
Central NJ
Johnson & Johnson, Bristol Myers-Squibb, Novartis, Sandoz, Novo Nordisk, Roche, Sanofi, Otsuka, Akros Pharma, Ranbaxy Pharmaceuticals, Covance, ITM Isotope, Technologies, Enzene Biosciences, Accurant Biotech, BeiGene, Ltd, Genmab, BioCentriq
Philadelphia, PA
GlaxoSmithKline, Johnson & Johnson/Centocor, Cephalon, Wyeth, Merck, Bristol-Myers Squibb, AstraZeneca, Pfizer, ICON, Emergent BioSolutions, Valspec, Azzur Group, Amicus Therapeutics, Aro Biotherapeutics, Carisma Therapeutics
San Francisco, CA
Genentech, Gilead, BioMarin, Bayer, Amgen, McKesson, Bristol Myers Squibb, BioMarin Pharmaceutical
San Diego, CA
Pfizer, Takeda, Celgene, Thermo Fisher, Acadia, Hologic, Suneva Medical, Abbott Laboratories, Bristol Myers Squibb, AG Scientific
Chicago, IL
BBaxter Healthcare,Hospira, Nanosphere, Ohmx, Astellas PharmaAbbVie, Abbott, Medexus Pharma, Takeda, Amgen
Raleigh/Durham, NC
GSK, Novo Nordisk, Merck, Covance, Pfizer, Takeda, Biogen, Pfizer, Purdue Pharma, BD Diagnostics, FujiFIlm, Johnson & Johnson, MedFarm, Merz Pharmaceuticals, Allucent
Montgomery County, MD
AstraZeneca, Otsuka, BD, Thermo Fisher, Macrogenics, Inc., Aurinia Pharmaceuticals, QIAGEN, Novavax, REGENXBIO, American Gene Technologies, Integrated Biotherapeutics, Adaptive Phage Therapeutics
Austin, TX
Allergan, Grifols, Luminex, Thermo Fisher, Agilent Technologies,Worldwide Clinical Trials, Caisson Biotech, Aeglea BioTherapeutics, Allergan, Celling Biosciences, ICU Medical, Luminex, Lumos, Pharma, Molecular Templates, Syneos Health, Varian Medical Systems
London, UK
GSK, Shire, AstraZeneca, GenZyme, Johnson & Johnson, Novartis, Pfizer, IQVIA, Roche, Eisai Europe, Eli Lilly, Amgen, Merial, Janssen
Paris, FR
Sanofi, AstraZeneca, Novartis, Nordic, Lucane, Sinclair, Roche, GSK, Pierre Fabre, IQVIA, AbbVie, Servier, IPSEN, Boehringer Ingelheim
Zurich, CH
AbbVie, Johnson & Johnson, Baxter, Amgen, AstraZeneca, Bayer, Biogen, Bristol-Myers Squibb, Cilag, Gilead, Janssen, Lundbeck, Merck, MSD, Novartis, Pfizer, Roche, Sanofi, Takeda
Dublin, IE
Johnson & Johnson, Roche, Novartis, Amgen, ICON, AbbVie, Janssen, Pfizer, Sanofi, Eli Lilly, AstraZeneca, MSD, Bristol Myers Squibb, Takeda, Janssen
Tel Aviv, IL
Teva, Janssen, Johnson & Johnson, ICON PLC, MediWound, Galmed, Novartis, IQVIA
Bangalore, IN
Mylan, Allergan India, Dove Pharma, Bal Pharma, Novo Nordisk, Aurigene, CAD Pharma, Stericon Pharma, AstraZeneca
MEDICAL DEVICES & SUPPLIES INDUSTRY
This BizCosts® Benchmark Report compares Medical Devices & Supplies Industry manufacturing costs in these 15 global hubs:
Hub
Company Presence
Palo Alto, CA
Varian, Promex, Nordson, Boston Scientific, Agilent Technologies, Inc., Intuitive Surgical Inc., Cooper Companies, OmniCell
Tampa/St. Petersburg, FL
Boston Scientific, Bausch & Lomb, Quest, Praxis Medical, Apyx Medical, Prena, Lenstec, CardioCommand, Concept Medical, PainTEQ
Chicago, IL
Abbott, Stryker, Pfizer, Medtronic, Avante Health Solutions, Attune Medical, Thoratec, Carestream Dental, Colson Associates
Fort Wayne/ Warsaw, IN
Zimmer Biomet, DePuy Synthes, Medtronic, Avalign, Viant, Fort Wayne Metals, LH Medical
Boston/Natick, MA
Boston Scientific, Abbott Labs, Analogic, Nova Biomedical, Freudenberg Medical, Analogic Corporation, Anika Therapeutics, Nova Biomedical Group, NxStage, Medical, Hologic, Cynosure, Anika Therapeutics, Fresenius
Kalamazoo, MI
Stryker, Thermo Fisher, Medtronic, Bausch & Lomb
Minneapolis, MN
Medtronic, St. Jude, 3M, Smith Medical, Boston Scientific, Abbott, Inspire Medical Systems, HistoSonics
New Brunswick, NJ
Johnson & Johnson, Honeywell, Precision Medical Devices, Distek
Dublin, OH
Cardinal Health, NeoraHealth, SmithsMedical, Battelle, CMD Medtech, Andelyn Biosciences
Houston, TX
Procyrion, Zibrio, Portable Therapeutix, VenoStent, Merit Medical Systems, Otricath, Procyrion, Spectros Medical Devices, Wexler Surgical
Denver, CO
Zynex, Sorin Group, Terumo, Neurotron, Medtronic, Genesse Biomedical, Paragon 28, Zynex Medical, ConMed, dbMEDx, Securisyn Medical, Eximis Surgical
Munich, DE
Siemens, Anthrex, Brainlab, inContAlert, Mentalis, CardiLink, Roche Diagnostics, Sandoz, GE Healthcare, Amgen, Thermo Fischer Scientific, Baxter, Novartis, Bristol-Myers Squibb
Amsterdam, NL
Philips, Laserlab, Scinvivo, Smith & Nephew, Roche Diagnostics, Medtronic, Boston Scientific, Stryker Nederland, Canon Medical, Abbot Medical
Stockholm, SE
Gambro, Linet, Medical Vision, KODAK Nordic, Bausch & Lomb Nordic, Fujifilm, LensWay Group Nordic, Hoya Lens, Canon Svenska
San Jose, CR
Hospira, Cooper Medical, Hologic, Viant, Medtronic, Boston Scientific, Baxter, Philips, Viax Dental, Smith & Nephew
EV EQUIPMENT INDUSTRY
This BizCosts® Benchmark Report compares Motor Vehicle Parts & Accessories Industry manufacturing costs in these 15 global hubs:
Hub
Company Presence
Detroit, MI
Ford, GM, Stellantis, Novelis, Magna, AAM, Cavnue, Ford, FLO, Our Next Energy
Chicago, IL
Stellantis, SABIC Plastics, Navistar, Lion Electric, Innova, Gotion
Toledo, OH
Stellantis/Jeep, GM/Toledo Propulsion Systems, Continental Plastics
Marysville, OH
Honda, Bulten, Alcorta, LG Energy Systems
Louisville, KY
Ford, Siemens, Piston Automotive, Rivian, GM, SK Battery
Nashville, TN
Nissan, Hankook, Bridgestone, GM, Tritium, Ultium Cells LLC
Atlanta, GA
Kia, Hitachi Automotive, Honda, Panasonic Automotive, Novelis, Rivian, SK Battery
Greer, SC
BMW, Michelin, ZF Group, JTEKT, In-Tech, Magna Mirrors, Proterra
Birmingham, AL
Mercedes- Benz, Autocar, Honda, Hyundai, Toyota
Canton, MS
Nissan, Kasai, Yazaki, Eaton, Valeo
Fremont, CA
Tesla, Futuris Automotive, Asteelflash
Wolfsburg, DE
Volkswagen, Audi, Lamborghini
Takaoka, JP
Toyota, Nippon, Aisin
Guanajuato, MX
Volkswagen, Mazda, Honda, GM
Ulsan, KR
Hyundai, Kia, Sejong
FOOD PROCESSING INDUSTRY
This BizCosts® Benchmark Report compares Food Processing Industry manufacturing costs in these 15 U.S. hub markets:
Hub
Company Presence
Modesto, CA
Del Monte, Nestle, Seneca, Athwal Almonds, Frito Lay, Stanislaus Foods, Sciabica Olive Oil, E&J Gallo, Mid Valley Nut Co
Denver, CO
Cargill, PepsiCo, Molson-Coors, J.M. Smuckers, Hain Celestial, Dazbog, Culinaire Foods, Red Bull, Leprino, Foods, Mondelēz International, Ardent Mills, Shamrock Foods
Atlanta, GA
Coca-Cola, Kraft Foods, Koch Foods, Pilgrim’s Pride, Tyson, Flowers Foods, U.S. Foods, Epi Foods, Batter Up Foods, Post Consumer Brands, New Moon Foods, Birchwood Foods
Boise, ID
JR Simplot, Albertsons, McCain Foods, Interstate Food Processing, B&D Foods, Hearthside Food Solutions, Brooks Broth & Rub, MFT Sauce, GoGo squeeZ
Chicago, IL
Mondelez, Tootsie Roll, Tree House, Kraft/Heinz, Kellogg, ConAgra, PepsiCo, Ingredion, Tyson Foods, Sara Lee, Curtis Candy, Brach’s, Eli’s Cheesecake, Cracker Jack, Keebler Co., Oscar Mayer, Sweet Baby Ray’s
Minneapolis, MN
General Mills, Land O’Lakes, Caribou Coffee, Kemps, Orange Julius, Michael Foods, Flagstone Foods, Bellisio Foods, Dakota Growers Pasta Co., Northern Star Co., E.A. Sween Co., Sunopta, S.T. Specialty Foods
St. Louis, MO
Anheuser Busch, Post, Bissinger, John Volpi, Ice Cream Specialties, ConAgra, Lasco Foods, Golden Phoenix International Food, Beechnut, Lilar Corp., Deli Star
Omaha, NE
ConAgra, Armour Foods, Henningsen, Kellogg, Tyson, Hormel, Omaha Steaks, Greater Omaha Packing Co., Wholestone Farms
Buffalo, NY
Frito Lay, Del Monte, Rich Products, Fieldbrook Farms, Associated Brands, Lactalis American, NutraBlend Foods, Goya, Upstate Farms, Perry’s Ice Cream, Hood Dairy Co.
Richmond, VA
Tyson, Sabra, Maruchan, Massimo Zanetti Beverage, San Mar, Stone Brewing, Lindsey Food Group, Sauer Brands
Cincinnati, OH
General Mills, Cargil, Archer Daniels Midland Company, Givaudan Flavors Corp., Koch Foods, Sugar Creek, Lorenzo Food Group, J.T.M., Food Group, Fresh Foods, LLC, Wild Flavors, MANE, John Morrell, Castellini, Ferrara Candy
Portland, OR
Heritage Foods, Bridgetown Natural Foods, Mondelez, Frito-Lay,Tillamook Dairy Co., Swire Coca-Cola, Reser's Fine Foods, Bob’s Red Mill, Pacific Seafood, Norpac Foods, Beaverton Foods
Hershey/Lebanon PA
Hershey, Pepperidge Farm, Tyson, Giorgio Foods, Inc., Bell and Evans, Godshall (Weaver's), ASK Foods, Inc., Turkey Hill Dairy, Inc., Kellogg, Murrys, Inc., Farmers Pride, Inc., Swiss Premium Dairy, Palmyra Bologna Company, Inc.
Dallas, TX
Frito-Lay, Kroger, Chewy, Dollar General, Dean Foods, Brinker International, Jamba Juice, Golden State Foods, Farmer Brothers Coffee, Ruiz Foods
Kennewick-Richland, WA
Lamb Weston, First Fruits, Darigold, ConAgra Foods, AgriNorthwest, Broetje Orchards, Tyson Foods, Reser's, Columbia Crest Winery, Bolthouse Farms, Kerr, Milne, Seneca Foods, Smucker’s, Tree Top, Twin City Foods
DISTRIBUTION WAREHOUSING INDUSTRY
This BizCosts® Benchmark Report compares Distribution Warehousing Industry operating costs in these 15 U.S. hub markets:
Hub
Company Presence
Meadowlands, NJ
L’Oreal, Home Depot, Amazon, Cheveux
Lehigh Valley, PA
Amazon, Walmart, UPS, Nestle, QVC, FedEx
Rocky Mount, NC
McLane, Kanban Logistics, Cogency Global, Acme United
Savannah, GA
Wayfair, IKEA, Target, Home Depot
Lakeland, FL
Amazon, Wayfair, IKEA, Home Depot, Publix
Memphis, TN
Williams-Sonoma, Nike, FedEx, McKesson
Louisville, KY
UPS, McKesson Grainger, Kroger, Zappos
Columbus, OH
Ace Hardware, Gwynnie Bee, Amazon, Anheuser-Busch, Abercrombie & Fitch
Chicago, IL
Bridgestone, Whirlpool, Bridgestone, IKEA
Kansas City, MO
Hallmark, Dollar Tree, O’Reilly Auto Parts
Denver, CO
Best Buy, Graybar, Ace Hardware, Safeway
Salt Lake City, UT
Sephora, Peloton, Fastenal, 1-800-Contacts
Reno/Sparks, NV
Urban Outfitters, Pet Smart, Mary Kay, Uline
North Las Vegas, NV
TJX, Zappos, Bed Bath & Beyond, Levi Strauss
Inland Empire, CA
DHL, Nordstrom, Overstock, Amazon, Kohls, Home Depot
CORPORATE HEAD OFFICE
This BizCosts® Benchmark Report compares Corporate Head Office operating costs in these 15 major U.S. office markets:
Hub
Company Presence
Boston, MA
General Electric, Liberty Mutual, State Street, Fidelity Investments, John Hancock, Boston Consulting, Iron Mountain, American Tower, Vertex, Keurig Dr. Pepper, Moderna, Biogen, TJX, BJ's, Global Partners, Analog Devices
Stamford, CT
Pitney Bowes, Charter Communications, Xerox, Indeed.com, Conair, Harman International, Gartner, United Rentals, Symphony Financial, Booking Holdings, Emcor, W.R. Berkley, GXO, XPO
New York, NY
P Morgan, Jet Blue, Verizon, CitiGroup, Pfizer, MetLife, Morgan Stanley, Goldman Sachs, AIG, New York Life, American Express, StoneX Group, American International, Briston Myers Squibb, TIAA, Travelers, Warner Brothers, Paramount Global, Macy's, Bank of New York, Loews, Fox, Colgate-Palmolive, Hess, S&P Global, Black Rock, Appollo Global Management
Philadelphia PA
Comcast, Toll Brothers, Rite Aid, Lincoln National, Aramark, AmerisourceBergen, Crown Holdings, Universal Health Services, UGI, Avantor
Charlotte, NC
Honeywell, Bank of America, Sealed Air, Lowes, Nucor, Centene, Arrival, Duke Energy, Truist Financial, Sonic Automotive, Brighthouse Financial
Atlanta, GA
Coca-Cola, Delta Airlines, UPS, Mercedes-Benz, Porsche, Home Depot, Pulte Group, Global Payments, The Southern Company, Pulte Group, NCR, Newell Group, WestRock, Norfolk Southern, AGCO,Veritiv
Nashville, TN
Bridgestone, Nissan North America, HCA Healthcare, Asurion, Amazon, Cracker Barrel Stores, Alliance Bernstein, IHeartMedia, Community Health Systems, Delek, Dollar General
Miami, FL
Citadel, Royal Caribbean Cruises, Carnival Corporation, Precision Response, Ryder Systems, Chewy, Watsco, Ryder System, Lennar, World Fuel Services, LeverX, Safe & Green Holdings, Fireside
Chicago, IL
McDonalds, Conagra, Kraft-Heinz, Grub Hub, Hello Fresh, Archer Daniels Midland, United Continental Holdings, JLL, Motorola Solutions, Exelon, Abbvie, Allstate, Discover Financial, Molson Coors, Ulta, LKQ, Northern Trust, Walgreens, Baxter
Indianapolis, IN
Anthem, Eli Lilly, Simon Property Group, Guidant, Angie’s List, CNO Financial, Finish Line, Inc., Elevance Health, Calumet Specialty Products
Dallas, TX
American Airlines, Exxon Mobil, Southwest Airlines, McKesson, AT&T, CBRE Group, Kimberly-Clark, Flour Corporation, DR Horton, Charles Schwab, Vistra, Celanese, Caterpillar,Exxon Mobil, Yum China Holdings, Energy Transfer, Texas Instruments, Tenet Healthcare, AECOM
Phoenix, AZ
PetSmart, Avnet, Freeport-McMoRan, Circle K, Banner Health, Amkor Technology, U-Haul, ON Semiconductor, Apollo Education, Reliance Steel, Carvana, Republic Services, Taylor Morrison, Knigh-Swift
Seattle, WA
Amazon, Costco, Microsoft, Starbucks, Alaska Air, Weyerhaeuser, Nordstrom, Zulily, Redfin, Paccar, Expedia, Alaska Air, Fortive, Coupang
San Francisco, CA
Wells Fargo, Chevron, Intuit, Clorox, Williams -Sonoma, Robert Half, Hewlett-Packard, Uber Technologies, Sales Force, Visa, Block, Gap, Airbnb, Franklin Resources
Los Angeles, CA
Walt Disney, KB Home, Mattel, Public Storage, Farmers Insurance, Colony Capital, Live Nation, Skechers, A-Mark Precious Metals, Molina Healthcare, Chipotle Mexican Grill, Pacific Life, Amgen
