Juice Bar Startup Cost Comparison

Sioux Falls, SD vs New York, NY

Sioux Falls, SD

$34,000 - $164,000

COL Index: 92.5

VS

New York, NY

$63,000 - $291,000

COL Index: 187.2

Detailed Cost Comparison

Expense Sioux Falls, SD New York, NY Difference
Business Registration & Licenses
$700 - $3,300 $5,300 - $17,100 -82%
Commercial Lease (First + Last + Security)
$3,500 - $16,400 $15,700 - $73,000 -78%
Juicing & Blending Equipment
$10,000 - $50,000 $10,000 - $50,000 Same
Initial Produce & Supplies
$2,000 - $6,000 $2,000 - $6,000 Same
Interior Build-Out & Design
$7,200 - $49,500 $11,600 - $79,800 -38%
Business Insurance (Annual)
$1,500 - $4,500 $1,500 - $4,500 Same
Marketing & Launch
$2,000 - $8,000 $2,000 - $8,000 Same
Working Capital (3 Months)
$7,400 - $25,900 $15,000 - $52,400 -51%
Total Estimated Cost $34,000 - $164,000 $63,000 - $291,000 -44%

Local Market Factors

Factor Sioux Falls New York
Cost of Living Index 92.5 187.2
Commercial Rent ($/sqft/yr) $12 - $24 $40 - $120
Labor Rate Index 0.9 1.45
Sales Tax 6.5% 8.875%
Minimum Wage $11.20/hr $16.00/hr
LLC Filing Fee $150 $200

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