Financial Advisory Practice Startup Cost Comparison
Sunnyvale, CA vs Los Angeles, CA
Sunnyvale, CA
$16,000 - $81,000
COL Index: 192.5
VS
Los Angeles, CA
$15,000 - $77,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Sunnyvale, CA | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$10,600 - $53,000 | $10,000 - $50,000 | +6% |
|
Initial Supplies & Inventory
|
$1,500 - $7,500 | $1,500 - $7,500 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$2,900 - $9,600 | $2,500 - $8,300 | +16% |
| Total Estimated Cost | $16,000 - $81,000 | $15,000 - $77,000 | +5% |
Local Market Factors
| Factor | Sunnyvale | Los Angeles |
|---|---|---|
| Cost of Living Index | 192.5 | 166.5 |
| Commercial Rent ($/sqft/yr) | $42 - $80 | $30 - $85 |
| Labor Rate Index | 1.55 | 1.35 |
| Sales Tax | 9.375% | 9.5% |
| Minimum Wage | $18.55/hr | $16.78/hr |
| LLC Filing Fee | $70 | $70 |
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