How Much Does It Cost to Start a Business in New York, NY?
Population: 8,336,817 | Cost of living: 187.2% | Sales tax: 8.875% | Min wage: $16.00
Startup Costs by Industry in New York
| Industry | Estimated Startup Cost | National Average | Local Difference |
|---|---|---|---|
| Accounting Firm | $32,000 - $133,000 | $15,000 - $60,000 | +120% |
| Acupuncture Practice | $19,000 - $115,000 | $10,000 - $60,000 | +91% |
| Affiliate Marketing Business | $6,000 - $26,000 | $500 - $5,000 | +482% |
| After-School Program | $36,000 - $212,000 | $20,000 - $100,000 | +107% |
| AI Consulting Business | $12,000 - $75,000 | $2,000 - $50,000 | +67% |
| Airbnb Rental Business | $16,000 - $77,000 | $10,000 - $50,000 | +55% |
| Amazon FBA Business | $13,000 - $91,000 | $5,000 - $50,000 | +89% |
| App Development | $27,000 - $194,000 | $15,000 - $100,000 | +92% |
| Aquaponics Farm | $26,000 - $184,000 | $20,000 - $150,000 | +24% |
| Arcade & Gaming Center | $149,000 - $939,000 | $100,000 - $500,000 | +81% |
| ATM Business | $5,000 - $56,000 | $3,000 - $30,000 | +85% |
| Auto Detailing | $14,000 - $81,000 | $5,000 - $75,000 | +19% |
| Auto Repair Shop | $90,000 - $500,000 | $50,000 - $300,000 | +69% |
| Axe Throwing Venue | $77,000 - $456,000 | $50,000 - $200,000 | +113% |
| Bakery | $87,000 - $375,000 | $60,000 - $250,000 | +49% |
| Bar | $133,000 - $560,000 | $100,000 - $400,000 | +39% |
| Barbershop | $66,000 - $250,000 | $50,000 - $150,000 | +58% |
| Beauty Supply Store | $56,000 - $270,000 | $30,000 - $150,000 | +81% |
| Bed & Breakfast | $254,000 - $1,258,000 | $100,000 - $500,000 | +152% |
| Beekeeping Business | $17,000 - $72,000 | $10,000 - $50,000 | +48% |
| Bike Shop | $56,000 - $358,000 | $30,000 - $200,000 | +80% |
| Auto Body Shop | $92,000 - $533,000 | $50,000 - $300,000 | +79% |
| Bookkeeping Service | $3,000 - $18,000 | $2,000 - $10,000 | +75% |
| Bookstore | $67,000 - $304,000 | $40,000 - $200,000 | +55% |
| Boutique | $71,000 - $373,000 | $50,000 - $250,000 | +48% |
| Bowling Alley | $721,000 - $4,907,000 | $500,000 - $3,000,000 | +61% |
| Brewery | $423,000 - $2,398,000 | $250,000 - $1,500,000 | +61% |
| Campground | $209,000 - $2,250,000 | $100,000 - $1,000,000 | +124% |
| Candy Shop | $38,000 - $185,000 | $20,000 - $100,000 | +86% |
| Car Rental Business | $65,000 - $587,000 | $50,000 - $500,000 | +19% |
| Car Wash | $140,000 - $759,000 | $75,000 - $500,000 | +56% |
| Carpentry Business | $28,000 - $146,000 | $15,000 - $75,000 | +93% |
| Carpet Cleaning Business | $10,000 - $63,000 | $5,000 - $30,000 | +109% |
| Catering Business | $40,000 - $201,000 | $20,000 - $125,000 | +66% |
| Chiropractic | $128,000 - $468,000 | $100,000 - $350,000 | +32% |
| Christmas Tree Farm | $46,000 - $303,000 | $20,000 - $100,000 | +191% |
| Cleaning Service | $12,000 - $66,000 | $5,000 - $50,000 | +42% |
| Clothing Store | $47,000 - $270,000 | $25,000 - $150,000 | +81% |
| Coding Bootcamp | $19,000 - $184,000 | $10,000 - $100,000 | +85% |
| Coffee Roastery | $35,000 - $416,000 | $20,000 - $300,000 | +41% |
| Coffee Shop | $94,000 - $377,000 | $80,000 - $300,000 | +24% |
| Computer Repair Business | $10,000 - $63,000 | $5,000 - $30,000 | +109% |
| Concrete Business | $38,000 - $193,000 | $30,000 - $150,000 | +28% |
| Construction Company | $80,000 - $638,000 | $50,000 - $500,000 | +31% |
| Consulting Business | $16,000 - $94,000 | $5,000 - $50,000 | +100% |
| Convenience Store | $88,000 - $580,000 | $50,000 - $350,000 | +67% |
| Courier & Delivery Service | $12,000 - $72,000 | $5,000 - $50,000 | +53% |
| Coworking Space | $183,000 - $882,000 | $100,000 - $500,000 | +78% |
| Cybersecurity Firm | $19,000 - $184,000 | $10,000 - $100,000 | +85% |
| Dance Studio | $53,000 - $255,000 | $30,000 - $150,000 | +71% |
| Daycare | $82,000 - $357,000 | $50,000 - $300,000 | +25% |
| Demolition Company | $74,000 - $330,000 | $50,000 - $250,000 | +35% |
| Dental Practice | $406,000 - $1,041,000 | $350,000 - $750,000 | +32% |
| Digital Marketing | $16,000 - $112,000 | $5,000 - $50,000 | +133% |
| Distillery | $172,000 - $1,608,000 | $100,000 - $1,000,000 | +62% |
| Dog Daycare | $83,000 - $677,000 | $40,000 - $350,000 | +95% |
| Dog Grooming Business | $21,000 - $126,000 | $10,000 - $50,000 | +145% |
| Dog Training Business | $8,000 - $52,000 | $2,000 - $20,000 | +173% |
| Dog Walking Business | $6,000 - $23,000 | $500 - $5,000 | +427% |
| Donut Shop | $88,000 - $422,000 | $50,000 - $250,000 | +70% |
| Driving School | $36,000 - $161,000 | $25,000 - $100,000 | +58% |
| Drone Business | $9,000 - $54,000 | $3,000 - $50,000 | +19% |
| Dropshipping Business | $7,000 - $32,000 | $500 - $10,000 | +271% |
| Electrical | $24,000 - $118,000 | $15,000 - $100,000 | +23% |
| Embroidery & Custom Apparel | $19,000 - $98,000 | $10,000 - $50,000 | +95% |
| Escape Room | $98,000 - $638,000 | $50,000 - $300,000 | +110% |
| Etsy Shop | $6,000 - $24,000 | $500 - $5,000 | +445% |
| Event Planning Business | $13,000 - $58,000 | $5,000 - $30,000 | +103% |
| Excavation Business | $100,000 - $444,000 | $80,000 - $350,000 | +27% |
| Farm | $71,000 - $1,083,000 | $50,000 - $500,000 | +110% |
| Fast Food Franchise | $274,000 - $5,143,000 | $100,000 - $2,500,000 | +108% |
| Fencing Business | $19,000 - $98,000 | $10,000 - $50,000 | +95% |
| Financial Advisory Practice | $19,000 - $98,000 | $10,000 - $50,000 | +95% |
| Fitness Studio | $92,000 - $533,000 | $50,000 - $300,000 | +79% |
| Flooring Business | $19,000 - $95,000 | $10,000 - $60,000 | +63% |
| Flower Shop | $50,000 - $262,000 | $30,000 - $175,000 | +52% |
| Food Delivery Service | $26,000 - $140,000 | $10,000 - $75,000 | +95% |
| Food Truck | $82,000 - $289,000 | $50,000 - $200,000 | +48% |
| Franchise Business | $44,000 - $2,479,000 | $20,000 - $1,000,000 | +147% |
| Garage Door Business | $19,000 - $98,000 | $10,000 - $50,000 | +95% |
| Gas Station | $457,000 - $3,505,000 | $250,000 - $2,000,000 | +76% |
| General Contractor | $41,000 - $253,000 | $30,000 - $200,000 | +28% |
| Ghost Kitchen | $38,000 - $185,000 | $20,000 - $100,000 | +86% |
| Gift Shop | $50,000 - $253,000 | $30,000 - $150,000 | +68% |
| Glamping Business | $38,000 - $358,000 | $20,000 - $200,000 | +80% |
| Graphic Design Business | $10,000 - $41,000 | $3,000 - $20,000 | +122% |
| Greenhouse Business | $37,000 - $270,000 | $30,000 - $200,000 | +33% |
| Grocery Store | $197,000 - $2,738,000 | $80,000 - $2,000,000 | +41% |
| Gym | $135,000 - $681,000 | $50,000 - $500,000 | +48% |
| Hair Salon | $89,000 - $334,000 | $60,000 - $200,000 | +63% |
| Handyman | $15,000 - $66,000 | $5,000 - $40,000 | +80% |
| Home Health Care Agency | $74,000 - $519,000 | $40,000 - $350,000 | +52% |
| Home Inspection Business | $8,000 - $37,000 | $5,000 - $25,000 | +50% |
| Hostel | $92,000 - $533,000 | $50,000 - $300,000 | +79% |
| Hotel | $1,029,000 - $10,857,000 | $500,000 - $5,000,000 | +116% |
| HVAC | $35,000 - $166,000 | $20,000 - $150,000 | +18% |
| Ice Cream Shop | $78,000 - $404,000 | $50,000 - $300,000 | +38% |
| Insurance Agency | $38,000 - $159,000 | $20,000 - $80,000 | +97% |
| Interior Design Business | $10,000 - $63,000 | $5,000 - $30,000 | +109% |
| IT Services | $24,000 - $131,000 | $15,000 - $100,000 | +35% |
| Jewelry Store | $92,000 - $445,000 | $50,000 - $250,000 | +79% |
| Juice Bar | $63,000 - $291,000 | $40,000 - $200,000 | +48% |
| Junk Removal Business | $10,000 - $98,000 | $5,000 - $50,000 | +96% |
| Landscaping | $20,000 - $102,000 | $10,000 - $80,000 | +36% |
| Language School | $19,000 - $141,000 | $10,000 - $75,000 | +88% |
| Laundromat | $228,000 - $1,346,000 | $200,000 - $1,000,000 | +31% |
| Lavender Farm | $38,000 - $184,000 | $20,000 - $100,000 | +85% |
| Law Firm | $75,000 - $354,000 | $50,000 - $200,000 | +72% |
| Liquor Store | $172,000 - $659,000 | $100,000 - $400,000 | +66% |
| Locksmith Business | $10,000 - $63,000 | $5,000 - $30,000 | +109% |
| Managed IT Services | $19,000 - $141,000 | $10,000 - $75,000 | +88% |
| Manufacturing Business | $104,000 - $1,710,000 | $50,000 - $1,000,000 | +73% |
| Marketing Agency | $30,000 - $171,000 | $10,000 - $75,000 | +136% |
| Martial Arts Studio | $50,000 - $248,000 | $30,000 - $150,000 | +66% |
| Masonry Business | $25,000 - $119,000 | $15,000 - $80,000 | +52% |
| Massage Therapy Practice | $10,000 - $98,000 | $5,000 - $50,000 | +96% |
| Meal Prep Business | $31,000 - $145,000 | $15,000 - $100,000 | +53% |
| Med Spa | $274,000 - $829,000 | $250,000 - $600,000 | +30% |
| Medical Practice | $174,000 - $1,051,000 | $70,000 - $500,000 | +115% |
| Microgreens Farm | $3,000 - $22,000 | $2,000 - $15,000 | +47% |
| Mini Golf Course | $159,000 - $971,000 | $100,000 - $500,000 | +88% |
| Mobile Mechanic | $12,000 - $67,000 | $5,000 - $50,000 | +44% |
| Moving Company | $35,000 - $166,000 | $20,000 - $150,000 | +18% |
| Mushroom Farm | $21,000 - $160,000 | $10,000 - $80,000 | +101% |
| Music School | $45,000 - $220,000 | $25,000 - $120,000 | +83% |
| Nail Salon | $57,000 - $229,000 | $40,000 - $150,000 | +51% |
| Notary Business | $2,000 - $15,000 | $1,000 - $5,000 | +183% |
| Plant Nursery | $49,000 - $299,000 | $25,000 - $150,000 | +99% |
| Oil Change Shop | $73,000 - $400,000 | $40,000 - $250,000 | +63% |
| Online Coaching Business | $7,000 - $38,000 | $1,000 - $10,000 | +309% |
| Online Store | $8,000 - $56,000 | $2,000 - $30,000 | +100% |
| Painting | $15,000 - $74,000 | $5,000 - $50,000 | +62% |
| Pawn Shop | $92,000 - $358,000 | $50,000 - $200,000 | +80% |
| Personal Training | $21,000 - $162,000 | $10,000 - $100,000 | +66% |
| Pest Control | $22,000 - $104,000 | $10,000 - $75,000 | +48% |
| Pet Boarding Facility | $108,000 - $1,081,000 | $50,000 - $500,000 | +116% |
| Pet Sitting Business | $6,000 - $21,000 | $500 - $5,000 | +391% |
| Pet Store | $83,000 - $451,000 | $60,000 - $300,000 | +48% |
| Pharmacy | $445,000 - $2,349,000 | $250,000 - $1,700,000 | +43% |
| Phone Repair Shop | $19,000 - $98,000 | $10,000 - $50,000 | +95% |
| Photography Business | $16,000 - $130,000 | $10,000 - $50,000 | +143% |
| Physical Therapy Clinic | $92,000 - $533,000 | $50,000 - $300,000 | +79% |
| Pilates Studio | $56,000 - $270,000 | $30,000 - $150,000 | +81% |
| Pizza Shop | $130,000 - $501,000 | $75,000 - $300,000 | +68% |
| Plumbing | $23,000 - $115,000 | $15,000 - $100,000 | +20% |
| Podcast Studio | $31,000 - $151,000 | $15,000 - $80,000 | +92% |
| Pool Construction Business | $92,000 - $533,000 | $50,000 - $300,000 | +79% |
| Pool Cleaning & Service | $10,000 - $54,000 | $5,000 - $25,000 | +113% |
| Preschool | $121,000 - $489,000 | $80,000 - $300,000 | +61% |
| Pressure Washing Business | $4,000 - $26,000 | $3,000 - $20,000 | +30% |
| Print-on-Demand Business | $6,000 - $28,000 | $500 - $8,000 | +300% |
| Printing Business | $72,000 - $353,000 | $50,000 - $250,000 | +42% |
| Property Management Company | $12,000 - $74,000 | $5,000 - $50,000 | +56% |
| Real Estate Agency | $50,000 - $214,000 | $25,000 - $100,000 | +111% |
| Real Estate Investment Business | $59,000 - $1,313,000 | $20,000 - $500,000 | +164% |
| Recording Studio | $69,000 - $321,000 | $50,000 - $200,000 | +56% |
| Restaurant | $129,000 - $518,000 | $75,000 - $250,000 | +99% |
| Retail Store | $63,000 - $391,000 | $50,000 - $250,000 | +51% |
| Roofing | $35,000 - $178,000 | $20,000 - $150,000 | +25% |
| SaaS Company | $37,000 - $256,000 | $25,000 - $200,000 | +30% |
| Security Company | $24,000 - $139,000 | $10,000 - $100,000 | +48% |
| Self-Storage Facility | $915,000 - $12,057,000 | $500,000 - $5,000,000 | +136% |
| Senior Care Facility | $209,000 - $2,456,000 | $100,000 - $1,500,000 | +67% |
| SEO Agency | $16,000 - $113,000 | $5,000 - $50,000 | +135% |
| Sign Shop | $38,000 - $184,000 | $20,000 - $100,000 | +85% |
| Smoke Shop | $56,000 - $270,000 | $30,000 - $150,000 | +81% |
| Solar Installation Business | $92,000 - $533,000 | $50,000 - $300,000 | +79% |
| Spa | $132,000 - $518,000 | $100,000 - $350,000 | +44% |
| Staffing Agency | $64,000 - $277,000 | $30,000 - $150,000 | +89% |
| Subscription Box Business | $12,000 - $78,000 | $5,000 - $50,000 | +64% |
| Swim School | $92,000 - $533,000 | $50,000 - $300,000 | +79% |
| Tanning Salon | $92,000 - $445,000 | $50,000 - $250,000 | +79% |
| Tattoo Shop | $56,000 - $270,000 | $30,000 - $150,000 | +81% |
| Tax Preparation Business | $16,000 - $92,000 | $8,000 - $40,000 | +125% |
| Tech Startup | $33,000 - $280,000 | $20,000 - $150,000 | +84% |
| Thrift Store | $40,000 - $219,000 | $20,000 - $120,000 | +85% |
| Tire Shop | $88,000 - $438,000 | $50,000 - $250,000 | +75% |
| Tour Company | $19,000 - $111,000 | $10,000 - $80,000 | +44% |
| Towing Company | $79,000 - $406,000 | $50,000 - $300,000 | +39% |
| Trampoline Park | $637,000 - $3,009,000 | $500,000 - $2,000,000 | +46% |
| Travel Agency | $14,000 - $73,000 | $5,000 - $30,000 | +149% |
| Tree Service | $29,000 - $184,000 | $15,000 - $100,000 | +85% |
| Trucking Company | $26,000 - $326,000 | $15,000 - $400,000 | -15% |
| Tutoring Business | $8,000 - $34,000 | $2,000 - $15,000 | +147% |
| Used Car Dealer | $74,000 - $492,000 | $50,000 - $350,000 | +42% |
| Vape Shop | $47,000 - $226,000 | $25,000 - $150,000 | +56% |
| Vending Machine Business | $8,000 - $75,000 | $5,000 - $50,000 | +51% |
| Veterinary Clinic | $565,000 - $3,834,000 | $300,000 - $2,000,000 | +91% |
| Videography Business | $19,000 - $86,000 | $10,000 - $60,000 | +50% |
| Virtual Assistant Business | $2,000 - $13,000 | $500 - $3,000 | +329% |
| Waste Management Business | $45,000 - $489,000 | $30,000 - $500,000 | +1% |
| Web Design Business | $9,000 - $42,000 | $3,000 - $25,000 | +82% |
| Wedding Planning Business | $13,000 - $55,000 | $5,000 - $30,000 | +94% |
| Welding Business | $31,000 - $182,000 | $15,000 - $100,000 | +85% |
| Window Cleaning Business | $3,000 - $22,000 | $2,000 - $15,000 | +47% |
| Winery | $125,000 - $1,821,000 | $100,000 - $1,000,000 | +77% |
| Yoga Studio | $77,000 - $312,000 | $50,000 - $200,000 | +56% |
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Local Market Factors in New York
187.2%
Cost of Living Index
$40-$120
Commercial Rent ($/sqft/yr)
1.45x
Labor Rate Index
8.875%
Sales Tax Rate
Local Permit Fees in New York
| Permit | Cost Range |
|---|---|
| Business License | $200 - $500 |
| Food Service Permit | $300 - $1,000 |
| Liquor License | $4,500 - $15,000 |
| General Contractor License | $200 - $400 |
| Home Occupation Permit | $50 - $150 |
About Starting a Business in New York
Highest commercial rents in the US. Restaurant liquor licenses are notoriously expensive and can take 6+ months to obtain.
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