Auto Body Shop Startup Cost Comparison
Irving, TX vs New York, NY
Irving, TX
$38,000 - $219,000
COL Index: 98.2
VS
New York, NY
$92,000 - $533,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Irving, TX | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$21,700 - $130,400 | $69,600 - $417,400 | -69% |
|
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)
|
$7,400 - $29,500 | $14,000 - $56,200 | -47% |
| Total Estimated Cost | $38,000 - $219,000 | $92,000 - $533,000 | -59% |
Local Market Factors
| Factor | Irving | New York |
|---|---|---|
| Cost of Living Index | 98.2 | 187.2 |
| Commercial Rent ($/sqft/yr) | $16 - $34 | $40 - $120 |
| Labor Rate Index | 0.98 | 1.45 |
| Sales Tax | 8.25% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $300 | $200 |
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