Consulting Business Startup Cost Comparison
Savannah, GA vs New York, NY
Savannah, GA
$10,000 - $65,000
COL Index: 96.2
VS
New York, NY
$16,000 - $94,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Savannah, GA | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Formation
|
$1,900 - $7,200 | $5,300 - $17,100 | -59% |
|
Professional Licenses & Certifications
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Home Office Setup
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Technology & Software
|
$1,500 - $6,000 | $1,500 - $6,000 | Same |
|
Website & Branding
|
$500 - $8,000 | $500 - $8,000 | Same |
|
Professional Liability Insurance
|
$800 - $5,000 | $800 - $5,000 | Same |
|
Marketing & Client Acquisition
|
$1,000 - $10,000 | $1,000 - $10,000 | Same |
|
Working Capital (3-6 months)
|
$2,900 - $19,200 | $5,600 - $37,400 | -49% |
| Total Estimated Cost | $10,000 - $65,000 | $16,000 - $94,000 | -32% |
Local Market Factors
| Factor | Savannah | New York |
|---|---|---|
| Cost of Living Index | 96.2 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $30 | $40 - $120 |
| Labor Rate Index | 0.92 | 1.45 |
| Sales Tax | 7% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $100 | $200 |
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