Chattanooga is least expensive city of startups

Santosh Sankar talks Monday, March 28, 2016 in the Lamp Post office.

It is very common for visiting founders and investors to remark at the affordability of Chattanooga

photo Co.Lab Executive Director Marcus Shaw poses at the Co.Lab, in the Edeny Building, on Wednesday, July 26, in Chattanooga, Tenn.

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Cheaper in ChattanoogaSmartAsset compared the expected costs during the first year of business for a startup company:* Office space for 1,000-square-feet of commercial office - $15,200 in Chattanooga, 36 percent below the U.S. average* Utilities for electricity and gas for 1,000-square-foot office - $2,005 in Chattanooga, 3 percent below the U.S. average* Legal and accounting expenses based upon average local hourly pay for accountants and lawyers - $3,874 in Chattanooga, 10 percent below the U.S. average* Payroll for five full-time employees - $214,344 in Chattanooga, 17 percent below the U.S.