Imagine a stressed out technical worker living in San Francisco. Even though he earns a high wage, he must contend with a mind-numbing commute, jaw-dropping rent and a nose-bleed-inducing cost of living. Many savvy professionals in this position have discovered a wealth- and sanity-preserving alternative: relocating to Arizona.

Phoenix has become the antidote to the crushing costs and pressures of Silicon Valley and the Bay Area. It boasts lower costs and affordable housing stock, a fact that has attracted a number of high-tech start-ups to the growing downtown.

Wages, energy and taxes are about 25 percent lower in Phoenix than in San Francisco. Unemployment has dropped below 5 percent, an eight-year low, and technology jobs have increased by 18.6 percent from 2010 to 2015. Several Silicon Valley companies, including Uber and Yelp, have come to Phoenix to open their regional offices.

The San Francisco/San Jose metropolitan mega-region has seen a 7 percent increase in engineering and tech employment in the last year, equal to about 530,000 jobs. While San Francisco has had the most explosive hi-tech job growth (up 71.6 percent from 2010 to 2015), many cities other than Phoenix have also benefited by creating more technology-centric jobs, including Raleigh (+38.5 percent), Austin (+37.2 percent), Nashville (+30.0 percent) and San Jose (+28.7 percent).

The San Francisco Bay area is, to some extent, a victim of its own success. Businesses there must pay wages so high that many find it more economical to expand to Salt Lake City, Boise, Phoenix or other cities where housing and salaries are less expensive.

For instance, Weebly, a Bay Area company that makes website-building software, has opened a Scottsdale, Arizona, office and used the savings to convert some employees from freelance to full-time. The Weebly branch office still offers some of the perks associated with Silicon Valley firms, including catered lunches and a massage room.

Housing is one major contributing factor why companies expand out of the Bay Area. The median house pricing in San Francisco is $812,000 versus $221,000 in Phoenix. This provides profound lifestyle improvements to high-tech professionals. For example, Bay Area folks who have had to rent a decrepit home and commute an hour to work might be able to buy a larger, newer home in Scottsdale and spend maybe only 10 minutes commuting to the office.

San Francisco has attracted many high-tech startups, putting additional pressure on the city's infrastructure, housing prices and parking. These companies might have trouble providing affordable jobs to entry-level workers in sales and customer service. By moving those jobs to Arizona, the high-tech firms can afford to hire good workers, and those workers can afford to live near the office. Really, it's a win-win situation.

Cities like Phoenix would like to see more senior engineering jobs relocate as well. It will be interesting to see how the culture clash between liberal Silicon Valley and conservative Arizona plays out as the number of relocated workers grows.

Setting Up A Business In Phoenix?

Before you get cracking on setting up your business in Phoenix, make sure you do your homework on how you can keep your business costs to a minimum. It will definitely do you good to get your hands on some of the best credit cards for small businesses.

To give you a leg-up, we at have picked out some of the best ones available in the market right now for your consideration. We certainly hope they'll come in handy for you or someone you know who's looking to set up business in Phoenix.

Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least likeCredit RequiredRelated links
American Express<sup>®</sup> Blue Business Cash Card

American Express® Blue Business Cash Card

APPLY NOWAt American Express' secure website
  • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
  • From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power§.
  • Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
  • 0.0% intro APR on purchases and balance transfers for 12 months, then a variable rate, 14.74%, 17.74%, or 20.74%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
  • See Rates & Fees
APPLY NOWAt American Express' secure website

0% intro APR on purchases and balance transfers for 12 months

14.74% - 20.74% Variable



Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least likeCredit RequiredRelated links
Capital One<sup>®</sup> Spark<sup>®</sup> Cash for Business

Capital One® Spark® Cash for Business

  • Limited Time Offer: Earn up to $2,000 in cash bonuses
  • Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening
  • Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions
  • $0 annual fee for the first year; $95 after that
  • Free employee cards, which also earn unlimited 2% cash back on all purchases
  • $0 Fraud Liability if your card is lost or stolen
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • No foreign transaction fees


18.74% (Variable)

$0 intro for first year; $95 after that

Why we like it
  • Earn unlimited 2% cash back for your business on every purchase, everywhere.
Excellent, Good

Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least likeCredit RequiredRelated links
Bank of America<sup>®</sup> Business Advantage Cash Rewards Mastercard<sup>®</sup> credit card

Bank of America® Business Advantage Cash Rewards Mastercard® credit card

APPLY NOWAt Bank of America's secure website
  • Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening – with no annual fee, no cap on the amount of cash rewards you can earn and they don't expire.
  • Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
  • You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
  • Get a 75% rewards bonus on every purchase when you're a Business Advantage Relationship Rewards Platinum Honors tier client. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
APPLY NOWAt Bank of America's secure website

0% Introductory APR on purchases for the first 9 billing cycles

13.99% - 23.99% Variable APR

No annual fee