Manufacturing Business Startup Cost Comparison
New Haven, CT vs New York, NY
New Haven, CT
$64,000 - $1,069,000
COL Index: 113.8
VS
New York, NY
$104,000 - $1,710,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | New Haven, CT | New York, NY | Difference |
|---|---|---|---|
|
Licensing & Compliance
|
$2,000 - $15,000 | $5,300 - $17,100 | -24% |
|
Manufacturing Space
|
$11,100 - $221,700 | $34,800 - $695,700 | -68% |
|
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
|
$5,500 - $55,000 | $7,300 - $72,500 | -24% |
|
Sales & Distribution
|
$3,000 - $20,000 | $3,000 - $20,000 | Same |
|
Working Capital (3-6 Months)
|
$17,100 - $227,600 | $28,100 - $374,400 | -39% |
| Total Estimated Cost | $64,000 - $1,069,000 | $104,000 - $1,710,000 | -38% |
Local Market Factors
| Factor | New Haven | New York |
|---|---|---|
| Cost of Living Index | 113.8 | 187.2 |
| Commercial Rent ($/sqft/yr) | $16 - $35 | $40 - $120 |
| Labor Rate Index | 1.1 | 1.45 |
| Sales Tax | 6.35% | 8.875% |
| Minimum Wage | $16.35/hr | $16.00/hr |
| LLC Filing Fee | $120 | $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