Gas Station Startup Cost Comparison
Newark, NJ vs New York, NY
Newark, NJ
$199,000 - $1,518,000
COL Index: 115.2
VS
New York, NY
$457,000 - $3,505,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Newark, NJ | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$117,400 - $939,100 | $347,800 - $2,782,600 | -66% |
|
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)
|
$43,200 - $230,400 | $70,200 - $374,400 | -38% |
| Total Estimated Cost | $199,000 - $1,518,000 | $457,000 - $3,505,000 | -57% |
Local Market Factors
| Factor | Newark | New York |
|---|---|---|
| Cost of Living Index | 115.2 | 187.2 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $40 - $120 |
| Labor Rate Index | 1.14 | 1.45 |
| Sales Tax | 6.625% | 8.875% |
| Minimum Wage | $15.49/hr | $16.00/hr |
| LLC Filing Fee | $125 | $200 |
View Full Details
Ready to Start Your Gas Station?
Start your Gas Station LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot