Cybersecurity Firm Startup Cost Comparison
Philadelphia, PA vs New York, NY
Philadelphia, PA
$11,000 - $103,000
COL Index: 114.5
VS
New York, NY
$19,000 - $184,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Philadelphia, PA | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$6,500 - $65,200 | $13,900 - $139,100 | -53% |
|
Initial Supplies & Inventory
|
$1,500 - $15,000 | $1,500 - $15,000 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$1,700 - $11,500 | $2,800 - $18,700 | -39% |
| Total Estimated Cost | $11,000 - $103,000 | $19,000 - $184,000 | -44% |
Local Market Factors
| Factor | Philadelphia | New York |
|---|---|---|
| Cost of Living Index | 114.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $20 - $55 | $40 - $120 |
| Labor Rate Index | 1.12 | 1.45 |
| Sales Tax | 8% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $125 | $200 |
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