Martial Arts Studio Startup Cost Comparison
Newark, NJ vs New York, NY
Newark, NJ
$38,000 - $189,000
COL Index: 115.2
VS
New York, NY
$50,000 - $248,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Newark, NJ | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$10,600 - $51,700 | $5,300 - $17,100 | +178% |
|
Studio Lease (First + Last + Security)
|
$5,900 - $32,900 | $17,400 - $97,400 | -66% |
|
Studio Build-Out
|
$5,700 - $28,500 | $7,300 - $36,300 | -22% |
|
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)
|
$6,900 - $34,600 | $11,200 - $56,200 | -38% |
| Total Estimated Cost | $38,000 - $189,000 | $50,000 - $248,000 | -24% |
Local Market Factors
| Factor | Newark | New York |
|---|---|---|
| Cost of Living Index | 115.2 | 187.2 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $40 - $120 |
| Labor Rate Index | 1.14 | 1.45 |
| Sales Tax | 6.625% | 8.875% |
| Minimum Wage | $15.49/hr | $16.00/hr |
| LLC Filing Fee | $125 | $200 |
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