The recession hammered South Florida’s housing and labor markets more than most, leaving at least one bright side amid the damage. Companies now find the region a cheaper place to do business. Good news for Realtors and sellers.

Thanks largely to cheap labor, a new survey of business costs gives South Florida a favorable ranking.

With an average weekly wage of about $870, South Florida boasts some of the country’s lowest payroll costs, according to a new study by the Boyd Company, a corporate-relocation firm in Princeton, N.J. And with real estate far more affordable than it was before the bust, executives can afford bigger homes in nicer neighborhoods than they could in past years.

  • Now corporate companies can look at South Florida, as it is now affordable.
  • Information Sun-Sentinel