Carpentry Business Startup Cost Comparison

Atlanta, GA vs New York, NY

Atlanta, GA

$20,000 - $104,000

COL Index: 101.4

VS

New York, NY

$28,000 - $146,000

COL Index: 187.2

Detailed Cost Comparison

Expense Atlanta, GA New York, NY Difference
Business Registration & Licenses
$2,400 - $8,900 $5,300 - $17,100 -50%
Power Tools & Hand Tools
$5,000 - $25,000 $5,000 - $25,000 Same
Work Vehicle & Trailer
$5,000 - $25,000 $5,000 - $25,000 Same
Workshop or Shop Space
$1,400 - $14,300 $3,500 - $34,800 -59%
Business Insurance (Annual)
$2,000 - $8,000 $2,000 - $8,000 Same
Initial Materials & Supplies
$500 - $3,000 $500 - $3,000 Same
Marketing & Portfolio
$1,000 - $5,000 $1,000 - $5,000 Same
Working Capital (3 Months)
$3,000 - $15,200 $5,600 - $28,100 -46%
Total Estimated Cost $20,000 - $104,000 $28,000 - $146,000 -29%

Local Market Factors

Factor Atlanta New York
Cost of Living Index 101.4 187.2
Commercial Rent ($/sqft/yr) $18 - $48 $40 - $120
Labor Rate Index 1.04 1.45
Sales Tax 8.9% 8.875%
Minimum Wage $7.25/hr $16.00/hr
LLC Filing Fee $100 $200

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