Wall Street West
125 Goodman Drive
Bethlehem PA 18015
Phone: (610) 758-5219
Fax: (610) 861-5918
Northeastern Pennsylvania boasts significantly lower costs associated with doing business than other areas in the greater northeast. When compared with New York City, costs were, on average, 30 - 50 percent lower and when compared with Philadelphia and Hartford, CT, costs were 5 - 15 percent lower.
Below is a chart which details median annual salaries for various positions within most financial services industries, and how they compare in different markets.
In addition to lower salaries, northeastern Pennsylvania businesses benefit from much lower costs for class A real estate, as is detailed in the below grid:
Looking at a financial services company with 500 employees and 100,000 SF in office space, we see the following total cost difference: