Dog Daycare Startup Cost Comparison
Fargo, ND vs New York, NY
Fargo, ND
$30,000 - $207,000
COL Index: 91.5
VS
New York, NY
$83,000 - $677,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Fargo, ND | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,300 | $5,300 - $17,100 | -82% |
|
Facility Lease & Build-Out
|
$11,700 - $117,400 | $52,200 - $521,700 | -78% |
|
Equipment & Supplies
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Business Insurance (Annual)
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Initial Staff Training
|
$1,800 - $7,200 | $2,900 - $11,600 | -38% |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$7,300 - $45,800 | $15,000 - $93,600 | -51% |
| Total Estimated Cost | $30,000 - $207,000 | $83,000 - $677,000 | -69% |
Local Market Factors
| Factor | Fargo | New York |
|---|---|---|
| Cost of Living Index | 91.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $12 - $24 | $40 - $120 |
| Labor Rate Index | 0.9 | 1.45 |
| Sales Tax | 7.5% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $135 | $200 |
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