Martial Arts Studio Startup Cost Comparison
Minneapolis, MN vs New York, NY
Minneapolis, MN
$29,000 - $146,000
COL Index: 109.5
VS
New York, NY
$50,000 - $248,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Minneapolis, MN | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $6,300 | $5,300 - $17,100 | -66% |
|
Studio Lease (First + Last + Security)
|
$6,800 - $38,300 | $17,400 - $97,400 | -61% |
|
Studio Build-Out
|
$5,400 - $27,000 | $7,300 - $36,300 | -26% |
|
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)
|
$6,600 - $32,900 | $11,200 - $56,200 | -41% |
| Total Estimated Cost | $29,000 - $146,000 | $50,000 - $248,000 | -41% |
Local Market Factors
| Factor | Minneapolis | New York |
|---|---|---|
| Cost of Living Index | 109.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $18 - $45 | $40 - $120 |
| Labor Rate Index | 1.08 | 1.45 |
| Sales Tax | 8.025% | 8.875% |
| Minimum Wage | $15.57/hr | $16.00/hr |
| LLC Filing Fee | $155 | $200 |
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