Jewelry Store Startup Cost Comparison
Albany, NY vs Los Angeles, CA
Albany, NY
$30,000 - $144,000
COL Index: 93.6
VS
Los Angeles, CA
$71,000 - $342,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Albany, NY | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$13,900 - $69,600 | $50,000 - $250,000 | -72% |
|
Initial Supplies & Inventory
|
$7,500 - $37,500 | $7,500 - $37,500 | Same |
|
Business Insurance (Annual)
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$7,000 - $23,400 | $12,500 - $41,600 | -44% |
| Total Estimated Cost | $30,000 - $144,000 | $71,000 - $342,000 | -58% |
Local Market Factors
| Factor | Albany | Los Angeles |
|---|---|---|
| Cost of Living Index | 93.6 | 166.5 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $30 - $85 |
| Labor Rate Index | 0.94 | 1.35 |
| Sales Tax | 8% | 9.5% |
| Minimum Wage | $15.00/hr | $16.78/hr |
| LLC Filing Fee | $200 | $70 |
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