After-School Program Startup Cost Comparison

Honolulu, HI vs New York, NY

Honolulu, HI

$29,000 - $174,000

COL Index: 192.5

VS

New York, NY

$36,000 - $212,000

COL Index: 187.2

Detailed Cost Comparison

Expense Honolulu, HI New York, NY Difference
Business Registration & Licensing
$2,600 - $9,700 $5,300 - $17,100 -45%
Facility Lease (First + Last + Security)
$6,800 - $54,800 $10,400 - $83,500 -34%
Space Setup & Renovation
$3,900 - $23,400 $4,400 - $26,100 -10%
Equipment & Supplies
$3,000 - $12,000 $3,000 - $12,000 Same
Business Insurance (Annual)
$2,000 - $8,000 $2,000 - $8,000 Same
Transportation (Optional)
$0 - $12,000 $0 - $12,000 Same
Marketing & Parent Outreach
$1,500 - $6,000 $1,500 - $6,000 Same
Working Capital (3 Months)
$9,600 - $48,100 $9,400 - $46,800 +3%
Total Estimated Cost $29,000 - $174,000 $36,000 - $212,000 -18%

Local Market Factors

Factor Honolulu New York
Cost of Living Index 192.5 187.2
Commercial Rent ($/sqft/yr) $30 - $75 $40 - $120
Labor Rate Index 1.3 1.45
Sales Tax 4.5% 8.875%
Minimum Wage $14.00/hr $16.00/hr
LLC Filing Fee $50 $200

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