Convenience Store Startup Cost Comparison
Cleveland, OH vs New York, NY
Cleveland, OH
$43,000 - $278,000
COL Index: 93.8
VS
New York, NY
$88,000 - $580,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Cleveland, OH | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$13,700 - $95,900 | $52,200 - $365,200 | -74% |
|
Equipment & Fixtures
|
$12,500 - $87,500 | $12,500 - $87,500 | Same |
|
Initial Inventory & Supplies
|
$5,000 - $35,000 | $5,000 - $35,000 | 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)
|
$7,000 - $32,800 | $14,000 - $65,500 | -50% |
| Total Estimated Cost | $43,000 - $278,000 | $88,000 - $580,000 | -52% |
Local Market Factors
| Factor | Cleveland | New York |
|---|---|---|
| Cost of Living Index | 93.8 | 187.2 |
| Commercial Rent ($/sqft/yr) | $12 - $30 | $40 - $120 |
| Labor Rate Index | 0.9 | 1.45 |
| Sales Tax | 8% | 8.875% |
| Minimum Wage | $10.45/hr | $16.00/hr |
| LLC Filing Fee | $99 | $200 |
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