Locksmith Business Startup Cost Comparison
Aurora, CO vs New York, NY
Aurora, CO
$5,000 - $33,000
COL Index: 108.5
VS
New York, NY
$10,000 - $63,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Aurora, CO | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$2,300 - $14,100 | $7,000 - $41,700 | -66% |
|
Initial Supplies & Inventory
|
$800 - $4,500 | $800 - $4,500 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$800 - $3,300 | $1,400 - $5,600 | -41% |
| Total Estimated Cost | $5,000 - $33,000 | $10,000 - $63,000 | -48% |
Local Market Factors
| Factor | Aurora | New York |
|---|---|---|
| Cost of Living Index | 108.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $40 - $120 |
| Labor Rate Index | 1.05 | 1.45 |
| Sales Tax | 8% | 8.875% |
| Minimum Wage | $14.42/hr | $16.00/hr |
| LLC Filing Fee | $50 | $200 |
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