Gas Station Startup Cost Comparison
Albany, NY vs New York, NY
Albany, NY
$143,000 - $1,092,000
COL Index: 93.6
VS
New York, NY
$457,000 - $3,505,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Albany, NY | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$69,600 - $556,500 | $347,800 - $2,782,600 | -80% |
|
Initial Supplies & Inventory
|
$37,500 - $300,000 | $37,500 - $300,000 | Same |
|
Business Insurance (Annual)
|
$500 - $40,000 | $500 - $40,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$35,100 - $187,200 | $70,200 - $374,400 | -50% |
| Total Estimated Cost | $143,000 - $1,092,000 | $457,000 - $3,505,000 | -69% |
Local Market Factors
| Factor | Albany | New York |
|---|---|---|
| Cost of Living Index | 93.6 | 187.2 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $40 - $120 |
| Labor Rate Index | 0.94 | 1.45 |
| Sales Tax | 8% | 8.875% |
| Minimum Wage | $15.00/hr | $16.00/hr |
| LLC Filing Fee | $200 | $200 |
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