Barbershop Startup Cost Comparison
Providence, RI vs New York, NY
Providence, RI
$40,000 - $149,000
COL Index: 106.3
VS
New York, NY
$66,000 - $250,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Providence, RI | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,900 - $6,300 | $5,300 - $17,100 | -63% |
|
Commercial Lease (First + Last + Security)
|
$4,500 - $22,500 | $15,700 - $78,300 | -71% |
|
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
|
$10,500 - $36,800 | $14,500 - $50,800 | -28% |
|
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)
|
$8,500 - $26,600 | $15,000 - $46,800 | -43% |
| Total Estimated Cost | $40,000 - $149,000 | $66,000 - $250,000 | -40% |
Local Market Factors
| Factor | Providence | New York |
|---|---|---|
| Cost of Living Index | 106.3 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $32 | $40 - $120 |
| Labor Rate Index | 1.05 | 1.45 |
| Sales Tax | 7% | 8.875% |
| Minimum Wage | $15.00/hr | $16.00/hr |
| LLC Filing Fee | $150 | $200 |
View Full Details
Ready to Start Your Barbershop?
Start your Barbershop LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot