Gym Startup Cost Comparison
Akron, OH vs Los Angeles, CA
Akron, OH
$71,000 - $349,000
COL Index: 86
VS
Los Angeles, CA
$117,000 - $587,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Akron, OH | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,300 | $4,000 - $14,400 | -78% |
|
Commercial Lease (First + Last + Security)
|
$6,800 - $40,700 | $30,000 - $180,000 | -77% |
|
Fitness Equipment
|
$30,000 - $150,000 | $30,000 - $150,000 | Same |
|
Interior Build-Out & Renovation
|
$12,800 - $68,000 | $20,300 - $108,000 | -37% |
|
Business Insurance (Annual)
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Technology & Software
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Marketing & Pre-Sale Campaign
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3 Months)
|
$12,900 - $51,600 | $25,000 - $99,900 | -48% |
| Total Estimated Cost | $71,000 - $349,000 | $117,000 - $587,000 | -40% |
Local Market Factors
| Factor | Akron | Los Angeles |
|---|---|---|
| Cost of Living Index | 86 | 166.5 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $30 - $85 |
| Labor Rate Index | 0.85 | 1.35 |
| Sales Tax | 6.75% | 9.5% |
| Minimum Wage | $10.45/hr | $16.78/hr |
| LLC Filing Fee | $99 | $70 |
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