Convenience Store Startup Cost Comparison
Detroit, MI vs Los Angeles, CA
Detroit, MI
$41,000 - $268,000
COL Index: 89.5
VS
Los Angeles, CA
$72,000 - $470,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Detroit, MI | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$12,400 - $86,700 | $37,500 - $262,500 | -67% |
|
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)
|
$6,700 - $31,300 | $12,500 - $58,300 | -46% |
| Total Estimated Cost | $41,000 - $268,000 | $72,000 - $470,000 | -43% |
Local Market Factors
| Factor | Detroit | Los Angeles |
|---|---|---|
| Cost of Living Index | 89.5 | 166.5 |
| Commercial Rent ($/sqft/yr) | $10 - $28 | $30 - $85 |
| Labor Rate Index | 0.85 | 1.35 |
| Sales Tax | 6% | 9.5% |
| Minimum Wage | $10.33/hr | $16.78/hr |
| LLC Filing Fee | $50 | $70 |
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