Bar Startup Cost Comparison
Albany, NY vs Los Angeles, CA
Albany, NY
$78,000 - $314,000
COL Index: 93.6
VS
Los Angeles, CA
$117,000 - $487,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Albany, NY | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Liquor License
|
$2,400 - $15,000 | $4,000 - $15,000 | -8% |
|
Commercial Lease (First + Last + Security)
|
$6,300 - $36,500 | $22,500 - $131,300 | -72% |
|
Bar Equipment & Fixtures
|
$15,000 - $60,000 | $15,000 - $60,000 | Same |
|
Initial Liquor & Beverage Inventory
|
$8,000 - $25,000 | $8,000 - $25,000 | Same |
|
Interior Build-Out & Renovation
|
$23,500 - $94,000 | $33,800 - $135,000 | -30% |
|
Sound System & Security
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Business Insurance (Annual)
|
$4,000 - $12,000 | $4,000 - $12,000 | Same |
|
Working Capital (3 Months)
|
$14,000 - $46,800 | $25,000 - $83,300 | -44% |
| Total Estimated Cost | $78,000 - $314,000 | $117,000 - $487,000 | -35% |
Local Market Factors
| Factor | Albany | Los Angeles |
|---|---|---|
| Cost of Living Index | 93.6 | 166.5 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $30 - $85 |
| Labor Rate Index | 0.94 | 1.35 |
| Sales Tax | 8% | 9.5% |
| Minimum Wage | $15.00/hr | $16.78/hr |
| LLC Filing Fee | $200 | $70 |
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