Acupuncture Practice Startup Cost Comparison

Alexandria, VA vs New York, NY

Alexandria, VA

$12,000 - $72,000

COL Index: 143.6

VS

New York, NY

$19,000 - $115,000

COL Index: 187.2

Detailed Cost Comparison

Expense Alexandria, VA New York, NY Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$7,200 - $43,300 $13,900 - $83,500 -48%
Initial Supplies & Inventory
$1,500 - $9,000 $1,500 - $9,000 Same
Business Insurance (Annual)
$500 - $3,000 $500 - $3,000 Same
Marketing & Launch
$500 - $5,000 $500 - $5,000 Same
Working Capital (3 Months)
$2,200 - $8,600 $2,800 - $11,200 -23%
Total Estimated Cost $12,000 - $72,000 $19,000 - $115,000 -37%

Local Market Factors

Factor Alexandria New York
Cost of Living Index 143.6 187.2
Commercial Rent ($/sqft/yr) $28 - $55 $40 - $120
Labor Rate Index 1.35 1.45
Sales Tax 6% 8.875%
Minimum Wage $12.41/hr $16.00/hr
LLC Filing Fee $100 $200

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