Boutique Startup Cost Comparison

Jacksonville, FL vs New York, NY

Jacksonville, FL

$43,000 - $217,000

COL Index: 96.2

VS

New York, NY

$71,000 - $373,000

COL Index: 187.2

Detailed Cost Comparison

Expense Jacksonville, FL New York, NY Difference
Business Registration & Permits
$1,400 - $6,200 $5,300 - $17,100 -66%
Commercial Lease (First + Last + Security)
$4,900 - $39,100 $15,700 - $125,200 -69%
Initial Inventory Purchase
$15,000 - $70,000 $15,000 - $70,000 Same
Store Build-Out & Fixtures
$9,000 - $45,000 $14,500 - $72,500 -38%
POS System & Technology
$1,500 - $6,000 $1,500 - $6,000 Same
Business Insurance (Annual)
$1,500 - $5,000 $1,500 - $5,000 Same
Marketing & Branding
$2,000 - $12,000 $2,000 - $12,000 Same
Working Capital (3 Months)
$7,700 - $33,700 $15,000 - $65,500 -49%
Total Estimated Cost $43,000 - $217,000 $71,000 - $373,000 -41%

Local Market Factors

Factor Jacksonville New York
Cost of Living Index 96.2 187.2
Commercial Rent ($/sqft/yr) $15 - $35 $40 - $120
Labor Rate Index 0.9 1.45
Sales Tax 7.5% 8.875%
Minimum Wage $13.00/hr $16.00/hr
LLC Filing Fee $125 $200

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