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The Cheapest Cities to Base Your Tech Startup

Goodbye San Francisco and New York. Hello Charlotte and Raleigh-Durham.
Charlotte, N.C.
Photographer: Paul Giamou/Getty Images

It's no secret that the San Francisco Bay area has gotten too expensive for tech workers, but costs have also been skyrocketing for their companies, making other U.S. locales more appealing for industry offices and headquarters.

Combining wages and rents, it costs the typical 500-person technology firm in and around Silicon Valley more than $56 million per year to run its operations, according to new data from the commercial real estate firm CBRE. That's 40 percent more expensive than the price of running the exact same business in Charlotte, N.C.