Aquaponics Farm Startup Cost Comparison
Durham, NC vs New York, NY
Durham, NC
$18,000 - $140,000
COL Index: 102.8
VS
New York, NY
$26,000 - $184,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Durham, NC | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $6,300 | $5,300 - $17,100 | -66% |
|
Aquaponics System & Tanks
|
$5,000 - $50,000 | $5,000 - $50,000 | Same |
|
Greenhouse or Growing Structure
|
$5,200 - $41,600 | $7,300 - $58,000 | -28% |
|
Fish Stock & Feed
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Seeds, Seedlings & Growing Supplies
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Water Quality Monitoring & Controls
|
$1,000 - $8,000 | $1,000 - $8,000 | Same |
|
Insurance & Marketing
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Working Capital (3 Months)
|
$3,100 - $20,600 | $5,600 - $37,400 | -45% |
| Total Estimated Cost | $18,000 - $140,000 | $26,000 - $184,000 | -25% |
Local Market Factors
| Factor | Durham | New York |
|---|---|---|
| Cost of Living Index | 102.8 | 187.2 |
| Commercial Rent ($/sqft/yr) | $16 - $32 | $40 - $120 |
| Labor Rate Index | 1.04 | 1.45 |
| Sales Tax | 7.5% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $125 | $200 |
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