Gas Station Startup Cost Comparison
New Haven, CT vs New York, NY
New Haven, CT
$192,000 - $1,463,000
COL Index: 113.8
VS
New York, NY
$457,000 - $3,505,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | New Haven, CT | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$110,900 - $887,000 | $347,800 - $2,782,600 | -68% |
|
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)
|
$42,700 - $227,600 | $70,200 - $374,400 | -39% |
| Total Estimated Cost | $192,000 - $1,463,000 | $457,000 - $3,505,000 | -58% |
Local Market Factors
| Factor | New Haven | New York |
|---|---|---|
| Cost of Living Index | 113.8 | 187.2 |
| Commercial Rent ($/sqft/yr) | $16 - $35 | $40 - $120 |
| Labor Rate Index | 1.1 | 1.45 |
| Sales Tax | 6.35% | 8.875% |
| Minimum Wage | $16.35/hr | $16.00/hr |
| LLC Filing Fee | $120 | $200 |
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