Auto Body Shop Startup Cost Comparison
Denver, CO vs New York, NY
Denver, CO
$51,000 - $296,000
COL Index: 118.5
VS
New York, NY
$92,000 - $533,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Denver, CO | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$33,500 - $200,900 | $69,600 - $417,400 | -52% |
|
Initial Supplies & Inventory
|
$7,500 - $45,000 | $7,500 - $45,000 | Same |
|
Business Insurance (Annual)
|
$500 - $6,000 | $500 - $6,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$8,900 - $35,600 | $14,000 - $56,200 | -37% |
| Total Estimated Cost | $51,000 - $296,000 | $92,000 - $533,000 | -44% |
Local Market Factors
| Factor | Denver | New York |
|---|---|---|
| Cost of Living Index | 118.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $22 - $55 | $40 - $120 |
| Labor Rate Index | 1.18 | 1.45 |
| Sales Tax | 8.81% | 8.875% |
| Minimum Wage | $18.29/hr | $16.00/hr |
| LLC Filing Fee | $50 | $200 |
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