After-School Program Startup Cost Comparison
West Palm Beach, FL vs New York, NY
West Palm Beach, FL
$22,000 - $125,000
COL Index: 110.2
VS
New York, NY
$36,000 - $212,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | West Palm Beach, FL | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licensing
|
$2,400 - $8,300 | $5,300 - $17,100 | -52% |
|
Facility Lease (First + Last + Security)
|
$4,000 - $32,300 | $10,400 - $83,500 | -61% |
|
Space Setup & Renovation
|
$3,200 - $18,900 | $4,400 - $26,100 | -28% |
|
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)
|
$5,500 - $27,600 | $9,400 - $46,800 | -41% |
| Total Estimated Cost | $22,000 - $125,000 | $36,000 - $212,000 | -41% |
Local Market Factors
| Factor | West Palm Beach | New York |
|---|---|---|
| Cost of Living Index | 110.2 | 187.2 |
| Commercial Rent ($/sqft/yr) | $20 - $42 | $40 - $120 |
| Labor Rate Index | 1.05 | 1.45 |
| Sales Tax | 7% | 8.875% |
| Minimum Wage | $13.00/hr | $16.00/hr |
| LLC Filing Fee | $125 | $200 |
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