Food Truck Startup Cost Comparison
Toledo, OH vs New York, NY
Toledo, OH
$55,000 - $207,000
COL Index: 83.5
VS
New York, NY
$82,000 - $289,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Toledo, OH | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,200 | $5,300 - $17,100 | -83% |
|
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)
|
$3,400 - $10,200 | $20,900 - $62,600 | -84% |
|
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)
|
$4,200 - $12,500 | $9,400 - $28,100 | -55% |
| Total Estimated Cost | $55,000 - $207,000 | $82,000 - $289,000 | -29% |
Local Market Factors
| Factor | Toledo | New York |
|---|---|---|
| Cost of Living Index | 83.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $40 - $120 |
| Labor Rate Index | 0.84 | 1.45 |
| Sales Tax | 7.25% | 8.875% |
| Minimum Wage | $10.45/hr | $16.00/hr |
| LLC Filing Fee | $99 | $200 |
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