Convenience Store Startup Cost Comparison
Newport News, VA vs Houston, TX
Newport News, VA
$42,000 - $274,000
COL Index: 95.2
VS
Houston, TX
$50,000 - $327,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Newport News, VA | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$13,000 - $91,300 | $20,500 - $143,800 | -37% |
|
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)
|
$7,100 - $33,300 | $7,200 - $33,800 | -1% |
| Total Estimated Cost | $42,000 - $274,000 | $50,000 - $327,000 | -16% |
Local Market Factors
| Factor | Newport News | Houston |
|---|---|---|
| Cost of Living Index | 95.2 | 96.5 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $18 - $45 |
| Labor Rate Index | 0.88 | 0.92 |
| Sales Tax | 6% | 8.25% |
| Minimum Wage | $12.41/hr | $7.25/hr |
| LLC Filing Fee | $100 | $300 |
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