Hair Salon Startup Cost Comparison
St. George, UT vs New York, NY
St. George, UT
$52,000 - $189,000
COL Index: 100.5
VS
New York, NY
$89,000 - $334,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | St. George, UT | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,100 - $4,900 | $5,300 - $17,100 | -73% |
|
Commercial Lease (First + Last + Security)
|
$5,200 - $26,100 | $20,900 - $104,300 | -75% |
|
Salon Equipment & Stations
|
$15,000 - $60,000 | $15,000 - $60,000 | Same |
|
Initial Product Inventory
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Interior Build-Out & Design
|
$13,200 - $44,000 | $21,800 - $72,500 | -39% |
|
Business Insurance (Annual)
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$10,100 - $30,200 | $18,700 - $56,200 | -46% |
| Total Estimated Cost | $52,000 - $189,000 | $89,000 - $334,000 | -43% |
Local Market Factors
| Factor | St. George | New York |
|---|---|---|
| Cost of Living Index | 100.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $40 - $120 |
| Labor Rate Index | 0.88 | 1.45 |
| Sales Tax | 6.75% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $54 | $200 |
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