Martial Arts Studio Startup Cost Comparison
Providence, RI vs New York, NY
Providence, RI
$28,000 - $134,000
COL Index: 106.3
VS
New York, NY
$50,000 - $248,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Providence, RI | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,900 - $6,300 | $5,300 - $17,100 | -63% |
|
Studio Lease (First + Last + Security)
|
$5,000 - $28,000 | $17,400 - $97,400 | -71% |
|
Studio Build-Out
|
$5,300 - $26,300 | $7,300 - $36,300 | -28% |
|
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)
|
$6,400 - $31,900 | $11,200 - $56,200 | -43% |
| Total Estimated Cost | $28,000 - $134,000 | $50,000 - $248,000 | -46% |
Local Market Factors
| Factor | Providence | New York |
|---|---|---|
| Cost of Living Index | 106.3 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $32 | $40 - $120 |
| Labor Rate Index | 1.05 | 1.45 |
| Sales Tax | 7% | 8.875% |
| Minimum Wage | $15.00/hr | $16.00/hr |
| LLC Filing Fee | $150 | $200 |
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