Etsy Shop Startup Cost Comparison
Rochester, MN vs New York, NY
Rochester, MN
$1,000 - $10,000
COL Index: 101.5
VS
New York, NY
$6,000 - $24,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Rochester, MN | New York, NY | Difference |
|---|---|---|---|
|
Business Registration
|
$800 - $4,000 | $5,300 - $17,100 | -79% |
|
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 - $1,000 | $200 - $1,900 | -48% |
| Total Estimated Cost | $1,000 - $10,000 | $6,000 - $24,000 | -63% |
Local Market Factors
| Factor | Rochester | New York |
|---|---|---|
| Cost of Living Index | 101.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $30 | $40 - $120 |
| Labor Rate Index | 1 | 1.45 |
| Sales Tax | 7.375% | 8.875% |
| Minimum Wage | $10.85/hr | $16.00/hr |
| LLC Filing Fee | $155 | $200 |
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