Farm Startup Cost Comparison

Athens, GA vs New York, NY

Athens, GA

$41,000 - $452,000

COL Index: 93.4

VS

New York, NY

$71,000 - $1,083,000

COL Index: 187.2

Detailed Cost Comparison

Expense Athens, GA New York, NY Difference
Business Registration & Licenses
$1,300 - $5,000 $5,300 - $17,100 -72%
Land Purchase or Lease
$3,900 - $156,500 $17,400 - $695,700 -78%
Farm Equipment & Machinery
$15,000 - $120,000 $15,000 - $120,000 Same
Seeds, Plants, or Livestock
$2,000 - $30,000 $2,000 - $30,000 Same
Structures & Fencing
$4,500 - $54,000 $7,300 - $87,000 -38%
Irrigation System
$3,000 - $30,000 $3,000 - $30,000 Same
Farm Insurance (Annual)
$2,000 - $10,000 $2,000 - $10,000 Same
Working Capital (6 Months)
$9,300 - $46,700 $18,700 - $93,600 -50%
Total Estimated Cost $41,000 - $452,000 $71,000 - $1,083,000 -57%

Local Market Factors

Factor Athens New York
Cost of Living Index 93.4 187.2
Commercial Rent ($/sqft/yr) $12 - $24 $40 - $120
Labor Rate Index 0.9 1.45
Sales Tax 8% 8.875%
Minimum Wage $7.25/hr $16.00/hr
LLC Filing Fee $100 $200

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