Liquor Store Startup Cost Comparison
Yonkers, NY vs New York, NY
Yonkers, NY
$105,000 - $403,000
COL Index: 132.8
VS
New York, NY
$172,000 - $659,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Yonkers, NY | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$45,700 - $182,600 | $104,300 - $417,400 | -56% |
|
Equipment & Fixtures
|
$25,000 - $100,000 | $25,000 - $100,000 | Same |
|
Initial Inventory & Supplies
|
$10,000 - $40,000 | $10,000 - $40,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$19,900 - $53,100 | $28,100 - $74,900 | -29% |
| Total Estimated Cost | $105,000 - $403,000 | $172,000 - $659,000 | -39% |
Local Market Factors
| Factor | Yonkers | New York |
|---|---|---|
| Cost of Living Index | 132.8 | 187.2 |
| Commercial Rent ($/sqft/yr) | $22 - $48 | $40 - $120 |
| Labor Rate Index | 1.28 | 1.45 |
| Sales Tax | 8.875% | 8.875% |
| Minimum Wage | $16.00/hr | $16.00/hr |
| LLC Filing Fee | $200 | $200 |
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