Etsy Shop Startup Cost Comparison
Minneapolis, MN vs New York, NY
Minneapolis, MN
$2,000 - $12,000
COL Index: 109.5
VS
New York, NY
$6,000 - $24,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Minneapolis, MN | New York, NY | Difference |
|---|---|---|---|
|
Business Registration
|
$1,400 - $6,300 | $5,300 - $17,100 | -66% |
|
Etsy Shop Setup
|
$0 - $200 | $0 - $200 | Same |
|
Materials & Equipment
|
$100 - $2,000 | $100 - $2,000 | Same |
|
Product Photography
|
$100 - $500 | $100 - $500 | Same |
|
Packaging & Shipping Supplies
|
$100 - $500 | $100 - $500 | Same |
|
Marketing & Etsy Ads
|
$100 - $1,500 | $100 - $1,500 | Same |
|
Working Capital (2 Months)
|
$100 - $1,100 | $200 - $1,900 | -43% |
| Total Estimated Cost | $2,000 - $12,000 | $6,000 - $24,000 | -53% |
Local Market Factors
| Factor | Minneapolis | New York |
|---|---|---|
| Cost of Living Index | 109.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $18 - $45 | $40 - $120 |
| Labor Rate Index | 1.08 | 1.45 |
| Sales Tax | 8.025% | 8.875% |
| Minimum Wage | $15.57/hr | $16.00/hr |
| LLC Filing Fee | $155 | $200 |
View Full Details
Ready to Start Your Etsy Shop?
Start your Etsy Shop LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot