Martial Arts Studio Startup Cost Comparison
Hilo, HI vs New York, NY
Hilo, HI
$33,000 - $165,000
COL Index: 170.5
VS
New York, NY
$50,000 - $248,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Hilo, HI | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,000 - $8,500 | $5,300 - $17,100 | -53% |
|
Studio Lease (First + Last + Security)
|
$6,300 - $35,300 | $17,400 - $97,400 | -64% |
|
Studio Build-Out
|
$5,800 - $28,800 | $7,300 - $36,300 | -21% |
|
Training Equipment & Gear
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Uniform & Merchandise Inventory
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Marketing & Student Recruitment
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$10,200 - $51,200 | $11,200 - $56,200 | -9% |
| Total Estimated Cost | $33,000 - $165,000 | $50,000 - $248,000 | -34% |
Local Market Factors
| Factor | Hilo | New York |
|---|---|---|
| Cost of Living Index | 170.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $18 - $40 | $40 - $120 |
| Labor Rate Index | 1.15 | 1.45 |
| Sales Tax | 4.5% | 8.875% |
| Minimum Wage | $14.00/hr | $16.00/hr |
| LLC Filing Fee | $50 | $200 |
View Full Details
Ready to Start Your Martial Arts Studio?
Start your Martial Arts Studio LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot