After-School Program Startup Cost Comparison
Norfolk, VA vs New York, NY
Norfolk, VA
$19,000 - $107,000
COL Index: 97.6
VS
New York, NY
$36,000 - $212,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Norfolk, VA | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licensing
|
$2,400 - $7,200 | $5,300 - $17,100 | -57% |
|
Facility Lease (First + Last + Security)
|
$2,500 - $19,800 | $10,400 - $83,500 | -76% |
|
Space Setup & Renovation
|
$2,900 - $17,300 | $4,400 - $26,100 | -34% |
|
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)
|
$4,900 - $24,400 | $9,400 - $46,800 | -48% |
| Total Estimated Cost | $19,000 - $107,000 | $36,000 - $212,000 | -49% |
Local Market Factors
| Factor | Norfolk | New York |
|---|---|---|
| Cost of Living Index | 97.6 | 187.2 |
| Commercial Rent ($/sqft/yr) | $12 - $26 | $40 - $120 |
| Labor Rate Index | 0.96 | 1.45 |
| Sales Tax | 6% | 8.875% |
| Minimum Wage | $12.41/hr | $16.00/hr |
| LLC Filing Fee | $100 | $200 |
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