Barbershop Startup Cost Comparison
Peoria, AZ vs New York, NY
Peoria, AZ
$38,000 - $142,000
COL Index: 101.2
VS
New York, NY
$66,000 - $250,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Peoria, AZ | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,300 - $5,500 | $5,300 - $17,100 | -70% |
|
Commercial Lease (First + Last + Security)
|
$4,100 - $20,500 | $15,700 - $78,300 | -74% |
|
Barber Chairs & Stations
|
$10,000 - $40,000 | $10,000 - $40,000 | Same |
|
Initial Product Inventory
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Interior Build-Out & Design
|
$9,600 - $33,600 | $14,500 - $50,800 | -34% |
|
Business Insurance (Annual)
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Marketing & Launch
|
$2,000 - $7,000 | $2,000 - $7,000 | Same |
|
Working Capital (3 Months)
|
$8,100 - $25,300 | $15,000 - $46,800 | -46% |
| Total Estimated Cost | $38,000 - $142,000 | $66,000 - $250,000 | -43% |
Local Market Factors
| Factor | Peoria | New York |
|---|---|---|
| Cost of Living Index | 101.2 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $40 - $120 |
| Labor Rate Index | 0.96 | 1.45 |
| Sales Tax | 8.1% | 8.875% |
| Minimum Wage | $14.35/hr | $16.00/hr |
| LLC Filing Fee | $50 | $200 |
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