Ghost Kitchen Startup Cost Comparison
Miami, FL vs New York, NY
Miami, FL
$27,000 - $134,000
COL Index: 128.3
VS
New York, NY
$38,000 - $185,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Miami, FL | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$11,700 - $58,700 | $20,900 - $104,300 | -44% |
|
Equipment & Fixtures
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Initial Inventory & Supplies
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$3,800 - $12,800 | $5,600 - $18,700 | -32% |
| Total Estimated Cost | $27,000 - $134,000 | $38,000 - $185,000 | -28% |
Local Market Factors
| Factor | Miami | New York |
|---|---|---|
| Cost of Living Index | 128.3 | 187.2 |
| Commercial Rent ($/sqft/yr) | $25 - $65 | $40 - $120 |
| Labor Rate Index | 1.08 | 1.45 |
| Sales Tax | 7% | 8.875% |
| Minimum Wage | $13.00/hr | $16.00/hr |
| LLC Filing Fee | $125 | $200 |
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