App Development Startup Cost Comparison
Aurora, IL vs New York, NY
Aurora, IL
$16,000 - $104,000
COL Index: 96
VS
New York, NY
$27,000 - $194,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Aurora, IL | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Legal
|
$800 - $4,500 | $5,300 - $17,100 | -76% |
|
Development Hardware
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Software & Developer Tools
|
$1,000 - $8,000 | $1,000 - $8,000 | Same |
|
Office or Coworking Space
|
$0 - $16,400 | $0 - $62,600 | -74% |
|
Portfolio & Spec Projects
|
$0 - $10,000 | $0 - $10,000 | Same |
|
Business Insurance (Annual)
|
$1,000 - $4,000 | $1,000 - $4,000 | Same |
|
Marketing & Business Development
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Working Capital (3 Months)
|
$7,700 - $33,600 | $15,000 - $65,500 | -49% |
| Total Estimated Cost | $16,000 - $104,000 | $27,000 - $194,000 | -46% |
Local Market Factors
| Factor | Aurora | New York |
|---|---|---|
| Cost of Living Index | 96 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $40 - $120 |
| Labor Rate Index | 0.95 | 1.45 |
| Sales Tax | 8% | 8.875% |
| Minimum Wage | $14.00/hr | $16.00/hr |
| LLC Filing Fee | $150 | $200 |
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