Brewery Startup Cost Comparison

Syracuse, NY vs New York, NY

Syracuse, NY

$167,000 - $936,000

COL Index: 86.2

VS

New York, NY

$423,000 - $2,398,000

COL Index: 187.2

Detailed Cost Comparison

Expense Syracuse, NY New York, NY Difference
Business Registration & Licenses
$500 - $5,000 $500 - $5,000 Same
Commercial Space & Build-Out
$42,400 - $254,300 $260,900 - $1,565,200 -84%
Equipment & Fixtures
$62,500 - $375,000 $62,500 - $375,000 Same
Initial Inventory & Supplies
$25,000 - $150,000 $25,000 - $150,000 Same
Business Insurance (Annual)
$2,000 - $12,000 $2,000 - $12,000 Same
Marketing & Grand Opening
$2,000 - $10,000 $2,000 - $10,000 Same
Working Capital (3 Months)
$32,300 - $129,300 $70,200 - $280,800 -54%
Total Estimated Cost $167,000 - $936,000 $423,000 - $2,398,000 -61%

Local Market Factors

Factor Syracuse New York
Cost of Living Index 86.2 187.2
Commercial Rent ($/sqft/yr) $8 - $18 $40 - $120
Labor Rate Index 0.88 1.45
Sales Tax 8% 8.875%
Minimum Wage $15.00/hr $16.00/hr
LLC Filing Fee $200 $200

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