IT Services Startup Cost Comparison
Bowling Green, KY vs New York, NY
Bowling Green, KY
$15,000 - $92,000
COL Index: 87.5
VS
New York, NY
$24,000 - $131,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Bowling Green, KY | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Legal
|
$700 - $3,200 | $5,300 - $17,100 | -83% |
|
Tech Equipment & Lab
|
$3,000 - $20,000 | $3,000 - $20,000 | Same |
|
RMM & PSA Software
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
IT Certifications & Training
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Service Vehicle
|
$0 - $15,000 | $0 - $15,000 | Same |
|
Business Insurance (Annual)
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Marketing & Business Development
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$4,400 - $21,900 | $9,400 - $46,800 | -53% |
| Total Estimated Cost | $15,000 - $92,000 | $24,000 - $131,000 | -31% |
Local Market Factors
| Factor | Bowling Green | New York |
|---|---|---|
| Cost of Living Index | 87.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $9 - $22 | $40 - $120 |
| Labor Rate Index | 0.8 | 1.45 |
| Sales Tax | 6% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $40 | $200 |
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