Catering Business Startup Cost Comparison
Sterling Heights, MI vs New York, NY
Sterling Heights, MI
$23,000 - $122,000
COL Index: 93.2
VS
New York, NY
$40,000 - $201,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Sterling Heights, MI | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$800 - $3,900 | $5,300 - $17,100 | -79% |
|
Commercial Kitchen Access
|
$2,600 - $15,700 | $10,400 - $62,600 | -75% |
|
Catering Equipment & Supplies
|
$5,000 - $30,000 | $5,000 - $30,000 | Same |
|
Delivery Vehicle
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Initial Food & Supply Inventory
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Marketing & Branding
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$4,700 - $18,600 | $9,400 - $37,400 | -50% |
| Total Estimated Cost | $23,000 - $122,000 | $40,000 - $201,000 | -40% |
Local Market Factors
| Factor | Sterling Heights | New York |
|---|---|---|
| Cost of Living Index | 93.2 | 187.2 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $40 - $120 |
| Labor Rate Index | 0.88 | 1.45 |
| Sales Tax | 6% | 8.875% |
| Minimum Wage | $10.33/hr | $16.00/hr |
| LLC Filing Fee | $50 | $200 |
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