Convenience Store Startup Cost Comparison
Minneapolis, MN vs Los Angeles, CA
Minneapolis, MN
$51,000 - $332,000
COL Index: 109.5
VS
Los Angeles, CA
$72,000 - $470,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Minneapolis, MN | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$20,500 - $143,800 | $37,500 - $262,500 | -45% |
|
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)
|
$8,200 - $38,300 | $12,500 - $58,300 | -34% |
| Total Estimated Cost | $51,000 - $332,000 | $72,000 - $470,000 | -29% |
Local Market Factors
| Factor | Minneapolis | Los Angeles |
|---|---|---|
| Cost of Living Index | 109.5 | 166.5 |
| Commercial Rent ($/sqft/yr) | $18 - $45 | $30 - $85 |
| Labor Rate Index | 1.08 | 1.35 |
| Sales Tax | 8.025% | 9.5% |
| Minimum Wage | $15.57/hr | $16.78/hr |
| LLC Filing Fee | $155 | $70 |
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