Manufacturing Business Startup Cost Comparison
Billings, MT vs New York, NY
Billings, MT
$57,000 - $954,000
COL Index: 98.5
VS
New York, NY
$104,000 - $1,710,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Billings, MT | New York, NY | Difference |
|---|---|---|---|
|
Licensing & Compliance
|
$2,000 - $15,000 | $5,300 - $17,100 | -24% |
|
Manufacturing Space
|
$7,400 - $147,800 | $34,800 - $695,700 | -79% |
|
Manufacturing Equipment
|
$15,000 - $400,000 | $15,000 - $400,000 | Same |
|
Initial Raw Materials
|
$5,000 - $100,000 | $5,000 - $100,000 | Same |
|
Insurance & Compliance
|
$5,000 - $30,000 | $5,000 - $30,000 | Same |
|
Production Staff & Training
|
$4,400 - $44,000 | $7,300 - $72,500 | -39% |
|
Sales & Distribution
|
$3,000 - $20,000 | $3,000 - $20,000 | Same |
|
Working Capital (3-6 Months)
|
$14,800 - $197,000 | $28,100 - $374,400 | -47% |
| Total Estimated Cost | $57,000 - $954,000 | $104,000 - $1,710,000 | -44% |
Local Market Factors
| Factor | Billings | New York |
|---|---|---|
| Cost of Living Index | 98.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $10 - $24 | $40 - $120 |
| Labor Rate Index | 0.88 | 1.45 |
| Sales Tax | 0% | 8.875% |
| Minimum Wage | $10.30/hr | $16.00/hr |
| LLC Filing Fee | $70 | $200 |
View Full Details
Ready to Start Your Manufacturing Business?
Start your Manufacturing Business LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot