Farm Startup Cost Comparison

New Haven, CT vs Los Angeles, CA

New Haven, CT

$46,000 - $541,000

COL Index: 113.8

VS

Los Angeles, CA

$62,000 - $869,000

COL Index: 166.5

Detailed Cost Comparison

Expense New Haven, CT Los Angeles, CA Difference
Business Registration & Licenses
$2,000 - $6,500 $4,000 - $14,400 -54%
Land Purchase or Lease
$5,500 - $221,700 $12,500 - $500,000 -56%
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
$5,500 - $66,000 $6,800 - $81,000 -19%
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)
$11,400 - $56,900 $16,700 - $83,300 -32%
Total Estimated Cost $46,000 - $541,000 $62,000 - $869,000 -37%

Local Market Factors

Factor New Haven Los Angeles
Cost of Living Index 113.8 166.5
Commercial Rent ($/sqft/yr) $16 - $35 $30 - $85
Labor Rate Index 1.1 1.35
Sales Tax 6.35% 9.5%
Minimum Wage $16.35/hr $16.78/hr
LLC Filing Fee $120 $70

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