Martial Arts Studio Startup Cost Comparison
Lorain, OH vs New York, NY
Lorain, OH
$22,000 - $106,000
COL Index: 84.5
VS
New York, NY
$50,000 - $248,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Lorain, OH | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $2,700 | $5,300 - $17,100 | -85% |
|
Studio Lease (First + Last + Security)
|
$3,000 - $17,000 | $17,400 - $97,400 | -83% |
|
Studio Build-Out
|
$3,900 - $19,500 | $7,300 - $36,300 | -46% |
|
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)
|
$5,100 - $25,400 | $11,200 - $56,200 | -55% |
| Total Estimated Cost | $22,000 - $106,000 | $50,000 - $248,000 | -57% |
Local Market Factors
| Factor | Lorain | New York |
|---|---|---|
| Cost of Living Index | 84.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $8 - $20 | $40 - $120 |
| Labor Rate Index | 0.78 | 1.45 |
| Sales Tax | 7.75% | 8.875% |
| Minimum Wage | $10.45/hr | $16.00/hr |
| LLC Filing Fee | $99 | $200 |
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