Handyman Startup Cost Comparison
Duluth, MN vs New York, NY
Duluth, MN
$8,000 - $45,000
COL Index: 93
VS
New York, NY
$15,000 - $66,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Duluth, MN | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$800 - $3,900 | $5,300 - $17,100 | -79% |
|
Work Vehicle
|
$2,000 - $15,000 | $2,000 - $15,000 | Same |
|
Tools & Equipment
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Common Supplies & Hardware
|
$300 - $1,500 | $300 - $1,500 | Same |
|
Business Insurance (Annual)
|
$800 - $3,000 | $800 - $3,000 | Same |
|
Marketing & Lead Generation
|
$500 - $4,000 | $500 - $4,000 | Same |
|
Working Capital (3 Months)
|
$1,900 - $7,400 | $3,700 - $15,000 | -50% |
| Total Estimated Cost | $8,000 - $45,000 | $15,000 - $66,000 | -35% |
Local Market Factors
| Factor | Duluth | New York |
|---|---|---|
| Cost of Living Index | 93 | 187.2 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $40 - $120 |
| Labor Rate Index | 0.9 | 1.45 |
| Sales Tax | 8.875% | 8.875% |
| Minimum Wage | $10.85/hr | $16.00/hr |
| LLC Filing Fee | $155 | $200 |
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