After-School Program Startup Cost Comparison
Pompano Beach, FL vs New York, NY
Pompano Beach, FL
$20,000 - $119,000
COL Index: 107.5
VS
New York, NY
$36,000 - $212,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Pompano Beach, FL | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licensing
|
$1,900 - $7,200 | $5,300 - $17,100 | -59% |
|
Facility Lease (First + Last + Security)
|
$3,500 - $28,200 | $10,400 - $83,500 | -66% |
|
Space Setup & Renovation
|
$3,100 - $18,400 | $4,400 - $26,100 | -30% |
|
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)
|
$5,400 - $26,900 | $9,400 - $46,800 | -43% |
| Total Estimated Cost | $20,000 - $119,000 | $36,000 - $212,000 | -44% |
Local Market Factors
| Factor | Pompano Beach | New York |
|---|---|---|
| Cost of Living Index | 107.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $18 - $36 | $40 - $120 |
| Labor Rate Index | 1.02 | 1.45 |
| Sales Tax | 7% | 8.875% |
| Minimum Wage | $13.00/hr | $16.00/hr |
| LLC Filing Fee | $125 | $200 |
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