Acupuncture Practice Startup Cost Comparison
Rockford, IL vs New York, NY
Rockford, IL
$6,000 - $39,000
COL Index: 84.5
VS
New York, NY
$19,000 - $115,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Rockford, IL | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$2,300 - $13,600 | $13,900 - $83,500 | -84% |
|
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)
|
$1,300 - $5,100 | $2,800 - $11,200 | -54% |
| Total Estimated Cost | $6,000 - $39,000 | $19,000 - $115,000 | -66% |
Local Market Factors
| Factor | Rockford | New York |
|---|---|---|
| Cost of Living Index | 84.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $40 - $120 |
| Labor Rate Index | 0.84 | 1.45 |
| Sales Tax | 8.75% | 8.875% |
| Minimum Wage | $14.00/hr | $16.00/hr |
| LLC Filing Fee | $150 | $200 |
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