Escape Room Startup Cost Comparison

Providence, RI vs New York, NY

Providence, RI

$48,000 - $310,000

COL Index: 106.3

VS

New York, NY

$98,000 - $638,000

COL Index: 187.2

Detailed Cost Comparison

Expense Providence, RI New York, NY Difference
Business Registration & Licenses
$500 - $3,000 $500 - $3,000 Same
Commercial Lease & Build-Out
$15,000 - $100,000 $52,200 - $347,800 -71%
Room Design & Construction
$15,800 - $126,000 $21,800 - $174,000 -28%
Technology & Booking System
$3,000 - $15,000 $3,000 - $15,000 Same
Business Insurance (Annual)
$2,000 - $8,000 $2,000 - $8,000 Same
Marketing & Launch
$3,000 - $15,000 $3,000 - $15,000 Same
Working Capital (3 Months)
$8,500 - $42,500 $15,000 - $74,900 -43%
Total Estimated Cost $48,000 - $310,000 $98,000 - $638,000 -51%

Local Market Factors

Factor Providence New York
Cost of Living Index 106.3 187.2
Commercial Rent ($/sqft/yr) $14 - $32 $40 - $120
Labor Rate Index 1.05 1.45
Sales Tax 7% 8.875%
Minimum Wage $15.00/hr $16.00/hr
LLC Filing Fee $150 $200

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