Gym Startup Cost Comparison

Hialeah, FL vs New York, NY

Hialeah, FL

$81,000 - $398,000

COL Index: 102.8

VS

New York, NY

$135,000 - $681,000

COL Index: 187.2

Detailed Cost Comparison

Expense Hialeah, FL New York, NY Difference
Business Registration & Licenses
$1,400 - $5,100 $5,300 - $17,100 -71%
Commercial Lease (First + Last + Security)
$11,500 - $68,900 $41,700 - $250,400 -72%
Fitness Equipment
$30,000 - $150,000 $30,000 - $150,000 Same
Interior Build-Out & Renovation
$14,400 - $76,800 $21,800 - $116,000 -34%
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)
$15,400 - $61,700 $28,100 - $112,300 -45%
Total Estimated Cost $81,000 - $398,000 $135,000 - $681,000 -41%

Local Market Factors

Factor Hialeah New York
Cost of Living Index 102.8 187.2
Commercial Rent ($/sqft/yr) $14 - $30 $40 - $120
Labor Rate Index 0.96 1.45
Sales Tax 7% 8.875%
Minimum Wage $13.00/hr $16.00/hr
LLC Filing Fee $125 $200

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