Amazon.com Inc. estimates its new second headquarters—split between Long Island City, N.Y., and Arlington, Va.— will employ 50,000 new workers. Potential employees may be gunning for Virginia’s jobs over New York’s due to lower taxes.
Amazon has been blamed for causing housing costs to rapidly increase in Seattle, where the company’s main headquarters is located. It remains to be seen if those same skyrocketing prices will arrive in Long Island City and Arlington along with new average salaries of $150,000.
Bloomberg Tax compared tax rates and housing costs among Amazon’s three headquarter sites, and found that Arlington currently has the lowest cost of living.
To contact the reporter on this story: Emma Beyer in Washington at ebeyer@bloombergtax.com
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