Gym Startup Cost Comparison
El Paso, TX vs New York, NY
El Paso, TX
$74,000 - $361,000
COL Index: 86.2
VS
New York, NY
$135,000 - $681,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | El Paso, TX | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,800 - $5,900 | $5,300 - $17,100 | -66% |
|
Commercial Lease (First + Last + Security)
|
$9,100 - $54,800 | $41,700 - $250,400 | -78% |
|
Fitness Equipment
|
$30,000 - $150,000 | $30,000 - $150,000 | Same |
|
Interior Build-Out & Renovation
|
$12,000 - $64,000 | $21,800 - $116,000 | -45% |
|
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 - $51,700 | $28,100 - $112,300 | -54% |
| Total Estimated Cost | $74,000 - $361,000 | $135,000 - $681,000 | -47% |
Local Market Factors
| Factor | El Paso | New York |
|---|---|---|
| Cost of Living Index | 86.2 | 187.2 |
| Commercial Rent ($/sqft/yr) | $10 - $25 | $40 - $120 |
| Labor Rate Index | 0.8 | 1.45 |
| Sales Tax | 8.25% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $300 | $200 |
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