Dental Practice Startup Cost Comparison
St. Paul, MN vs New York, NY
St. Paul, MN
$307,000 - $762,000
COL Index: 104.5
VS
New York, NY
$406,000 - $1,041,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | St. Paul, MN | New York, NY | Difference |
|---|---|---|---|
|
Business Formation & Dental Licensing
|
$3,000 - $12,000 | $5,300 - $17,100 | -33% |
|
Commercial Lease (First + Last + Security)
|
$12,500 - $47,000 | $41,700 - $156,500 | -70% |
|
Dental Equipment & Technology
|
$150,000 - $350,000 | $150,000 - $350,000 | Same |
|
Dental Supplies & Materials
|
$10,000 - $30,000 | $10,000 - $30,000 | Same |
|
Dental Office Build-Out
|
$61,200 - $153,000 | $87,000 - $217,500 | -30% |
|
Malpractice & Business Insurance (Annual)
|
$8,000 - $20,000 | $8,000 - $20,000 | Same |
|
Marketing & Patient Acquisition
|
$10,000 - $25,000 | $10,000 - $25,000 | Same |
|
Working Capital (3-6 Months)
|
$52,300 - $125,400 | $93,600 - $224,600 | -44% |
| Total Estimated Cost | $307,000 - $762,000 | $406,000 - $1,041,000 | -26% |
Local Market Factors
| Factor | St. Paul | New York |
|---|---|---|
| Cost of Living Index | 104.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $34 | $40 - $120 |
| Labor Rate Index | 1.02 | 1.45 |
| Sales Tax | 8.375% | 8.875% |
| Minimum Wage | $15.57/hr | $16.00/hr |
| LLC Filing Fee | $155 | $200 |
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