For a lot of people in the corporate world, there's no option -- you have to use Microsoft Office. Well, Microsoft has made that a bit easier to swallow with the announcement today that Office 2016 for Mac is finally available as a one-time $149.99 purchase that does not require a subscription to Office 365. The Office Home & Student 2016 edition comes with Word, Excel, PowerPoint, and OneNote for Mac and can be used on one Mac in a home.
Requiring OS X Yosemite or later, the standalone version provides offline storage and 15GB of OneDrive cloud storage. It does not come with Outlook, Publisher, Access, tablet or phone support, or the instant updates and technical support that are included in the Office 365 version.
For $80 more, Office Home & Business 2016 adds Outlook, but that's it. The subscription-based Office 365 Personal costs $69.99 per year, while Office 365 Home is available for $99.99 annually.