Food Truck Startup Cost Comparison
Ann Arbor, MI vs New York, NY
Ann Arbor, MI
$60,000 - $224,000
COL Index: 108
VS
New York, NY
$82,000 - $289,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Ann Arbor, MI | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$900 - $4,600 | $5,300 - $17,100 | -75% |
|
Food Truck Vehicle
|
$30,000 - $120,000 | $30,000 - $120,000 | Same |
|
Kitchen Equipment
|
$10,000 - $40,000 | $10,000 - $40,000 | Same |
|
Initial Food Inventory
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Commissary Kitchen (Annual)
|
$7,300 - $21,900 | $20,900 - $62,600 | -65% |
|
Business & Vehicle Insurance (Annual)
|
$3,000 - $8,000 | $3,000 - $8,000 | Same |
|
Marketing & Branding
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$5,400 - $16,200 | $9,400 - $28,100 | -42% |
| Total Estimated Cost | $60,000 - $224,000 | $82,000 - $289,000 | -23% |
Local Market Factors
| Factor | Ann Arbor | New York |
|---|---|---|
| Cost of Living Index | 108 | 187.2 |
| Commercial Rent ($/sqft/yr) | $18 - $38 | $40 - $120 |
| Labor Rate Index | 1.05 | 1.45 |
| Sales Tax | 6% | 8.875% |
| Minimum Wage | $10.33/hr | $16.00/hr |
| LLC Filing Fee | $50 | $200 |
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